The simultaneous offer by Fintech Telecom in Argentina (the "Argentine Offer" and, together with the U.S. Offer, the "Offers"), in accordance with the tender offer rules of the Republic of Argentina, to purchase all outstanding Class B Shares of Telecom Argentina not owned by Fintech Telecom or its affiliates expired at 1:00 p.m., Buenos Aires time, on November 4, 2016. 12,337,723 Class B Shares, all of which Fintech Telecom accepted for purchase, were validly tendered and not withdrawn in the Argentine Offer.
Upon settlement of the U.S. Offer, and as a result of the Offers, the Bidders' direct and indirect beneficial ownership of outstanding Class B Shares (excluding treasury shares and including Class B Shares the rights to which are represented by ADSs) will increase to approximately 20.35%.
This press release is for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell any securities of TEO. Complete terms and conditions of the U.S. Offer are set forth in the U.S. Offer to Purchase, Letter of Transmittal and other related materials that were filed by the Bidders with the SEC on September 15, 2016 and have been amended from time to time. Copies of the U.S. Offer to Purchase, Letter of Transmittal and other related materials are available free of charge from D.F. King & Co., Inc., the U.S. information agent for the U.S. Offer, toll free at (866) 721-1211, or for bankers and brokers, at (212) 269-5550 or via email at email@example.com. The receiving agent in the U.S. for purposes of the U.S. Offer is Computershare, Inc.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fintech-telecom-and-affiliates-announce-final-results-of-tender-offer-for-class-b-shares-and-adss-of-telecom-argentina-300368627.html
SOURCE Fintech Telecom, LLC