UPC IPO Offer Price Fixed at US$ 32.78 per ADS -E 29 per Share-.
-- The price for the shares in the Offering for UPC has been set at
US$32.78 per ADS (E 29 per share)
-- The Offering ultimately comprised 40 million new shares,
representing approximately 32.1% of the Company's share capital.
Additionally, the underwriters have been granted an
over-allotment option of up to a further 4.6 million new shares
-- The Offering raised a total of US$1,311 million (E 1,160 million)
-- Following the closing of the Offering, UIH will own approximately
62% of the issued common shares of UPC (and approximately 60% of
UPC's common shares and all of UPC's priority shares if the
Underwriters' over-allotment option is exercised in full).
-- Microsoft Corporation will own approximately 8.1% of UPC's common
shares immediately after the offering (7.9% if the underwriters'
over-allotment option is exercised in full)
-- UPC's shares are to be listed tomorrow on both NASDAQ under the
symbol "UPCOY" and on the Amsterdam Stock Exchange under the
-- Closing is expected to occur on February 17, 1999
-- Joint Global Co-ordinators were Goldman Sachs International and
Morgan Stanley Dean Witter, with Goldman Sachs as sole bookrunner
-- Citibank will act as depository bank
UPC provides cable television services and some of its systems also provide telephone and Internet access services. UPC has systems in Austria, The Netherlands, Belgium, Norway and France, located in the capital cities of Vienna, Amsterdam, Brussels, Oslo and suburban Paris. UPC also has systems in Israel, Malta and Eastern Europe.
A copy of the final prospectus may be obtained from Goldman Sachs & Co., 85 Broad Street, New York, New York, U.S.A., Goldman Sachs International, Peterborough Court, 133 Fleet Street, London, or Morgan Stanley & Co. Incorporated, 585 Broadway, New York, New York, or Morgan Stanley Dean Witter, 25 Cabot Square, Canary Wharf, London, England