ClearWave's Offer to Purchase 186,560 of its Class A Subordinate Voting Shares Expires.AMSTERDAM, The Netherlands -- ClearWave N.V. (or "ClearWave") announces that its offer to purchase 186,560 of its outstanding Class A subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. (the "ClearWave Shares") for CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $ 16.64 in cash per share (the "Offer") expired at 5:00 p.m., Montreal time, on July 15, 2004.As of June 30, 2004, 161,536 ClearWave Shares had been tendered under the Offer and 15,315 additional shares were tendered during the extension period which ended yesterday.ClearWave will take-up and pay for these additional tendered shares on Monday, July 19, 2004.As a result of the Offer, only 9,709 Class A subordinate voting shares remain in the hands of public holders, other than Telesystem International Wireless Inc. ("TIW Tiw (tē`  ), Norse Tyr (tür), ancient Germanic god. ") and its subsidiaries, representing 0.01% of the
outstanding voting shares of ClearWave.
This press release is for information purposes only and does not constitute an offer or solicitation with respect to the purchase or sale of any security in Canada, the United States or in any other jurisdiction.Securities may not be offered or sold in the United States or in any other jurisdiction absent registration, qualification by prospectus or an exemption from those requirements. About ClearWave ClearWave owns through a wholly-owned subsidiary, MobiFon Holdings B.V., 63.5% of MobiFon S.A, its operating subsidiary in Romania.ClearWave also owns 27.1% of TIW Czech N.V., the holding company through which it owns 99.9% of Cesky Mobil a.s., its operating subsidiary in the Czech Republic. About TIW TIW is a leading provider of wireless voice, data and short messaging services in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. with more than 5.6 million subscribers. TIW operates in Romania through MobiFon S.A. under the brand name Connex and in the Czech Republic through Cesky Mobil a.s. under the brand name Oskar. TIW's shares are listed on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ("TIWI TIWI Telesystem International Wireless Incorporated (Montreal, Quebec, Canada) ") and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("TIW"). |
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