[February 10, 2006] Telefonica extends O2 offer [Telefonica] Tweet (Total Telecom Via Thomson Dialog NewsEdge)Telefonica said Friday that further to its announcement on Jan. 27, 2006 extending its offer for O2 to 1300 GMT on Feb. 9, 2006, it has again extended the offer and it will remain open for acceptances until further notice. Telefonica said that as at 1300 GMT on Feb. 9, 2006 valid acceptances had been received in respect of a total of 7,822,149,476 O2 Shares, representing approximately 88.45% of O2's issued share capital. Of these valid acceptances, valid elections for the Loan Note Alternative had been received in respect of a total of 87,827,654 O2 Shares, representing approximately 0.99%. of O2's issued share capital. None of these acceptances were received from persons acting in concert with Telefonica. As a result of purchases, Telefonica holds 747,606,107 O2 Shares representing approximately 8.45% of O2's issued share capital. Prior to the Offer being made, Casiopea Reaseguradora, S.A., a wholly-owned subsidiary of Telefonica and deemed to be acting in concert with Telefonica, held 14,422 O2 Shares, representing 0.0002%. of O2's issued share capital. Accordingly, as at 1.00 p.m.(London time) on Feb. 9, 2006, Telefonica and its wholly-owned subsidiaries owned or had received valid acceptances in respect of a total of 8,569,755,583 O2 Shares, representing approximately 96.90 per cent. of O2's issued share capital. As set out in the announcement by O2 on Feb. 7, 2006 regarding applying to the Financial Services Authority for the cancellation of the listing of O2 Shares on the Official List and to the London Stock Exchange for the cancellation of the admission to trading of O2 Shares on the London Stock Exchange's market for listed securities, it is anticipated that the cancellation of O2's listing and admission to trading will take effect on Mar. 7, 2006. [ Back To TMCnet.com's Homepage ]