Prior to the acquisition by a person or group of beneficial ownership of 25% or more of the Company's common stock (exclusive of ESOT
shares), the Rights are redeemable for $.
But it has not been endorsed by ESOT
- the Eircom Employees' Share Ownership Trust - whose 15 per cent stake will be vital in the final analysis, as the victor has to secure an 80 per cent holding.
Stefan VA-tko, president of the Local Organising Committee of ESOT
and head of Transplantcentrum IKEM.
If you would like to receive press releases and other information on the ESOT
by e-mail please send an e-mail to esot@prschwegler.
These shares were acquired to satisfy needs arising under the ESOT
When the company went public in July 2000 these shares were reclassified to shareholders' equity since the company no longer has the obligation to redeem ESOT
shares at the option of the ESOT
, which holds a 15 per cent stake in the targeted company, said it was unable to provide the names and addresses of its membership to Mr O'Brien for him to make a direct mail approach on an invidual basis.
The most attractive thing for ESOT
is that they have to invest less for the same amount of equity under our offer - and more seats on the board.
HBI) presented the findings from two transplant studies conducted in collaboration with Novartis Pharma AG at the 12th ESOT
(European Society for Organ Transplantation) Congress in Geneva, Switzerland, in October 2005.
6 million related to payments to acquire shares by the ESOT
Currently, the Tony O'Reilly-led Valentia consortium is heading the field, having secured the crucial support of ESOT
, the employees' trust - and one of the largest Eircom shareholders, with 14.
2) Excludes shares purchased by the ESOT
and presented by the Company as treasury stock.