ebookers plc: Results of Court Meeting and ebookers EGM

ebookers plc: Results of Court Meeting and ebookers EGM LONDON, January 24/PRNewswire-FirstCall/ -- The Board of ebookers announces that at the Court Meeting held earlier today ebookers Shareholders have voted by the requisite majority to approve the Scheme to implement the recommended Acquisition of ebookers by Cendant Bidco. In addition, the special resolution proposed at the subsequent ebookers EGM was duly passed. In accordance with the Scheme, ebookers Shareholders will, within 14 days of the Scheme becoming effective, receive 320 pence in cash for each ebookers Share held at 6:00p.m. on the Business Day immediately prior to the Effective Date of the Scheme. The hearing of the petition to the Court to sanction the Scheme and to confirm the Capital Reduction is expected to take place on 24 February 2005. Subject to the Court sanctioning the Scheme and confirming the Capital Reduction, and the satisfaction of certain other outstanding Conditions, the Effective Date of the Scheme is expected to be 28 February 2005. Listing and dealings in ebookers Shares on the London Stock Exchange are expected to be suspended and ebookers Shares are expected to cease to settle in CREST as of 4.30 p.m. (London time) on 25 February 2005. Dealings in ebookers ADSs on NASDAQ are expected to be suspended with effect from close of business (New York time) on 25 February 2005 and the ebookers ADS register is also expected to close on that date. Copies of the special resolution passed at the ebookers EGM have been submitted to the UK Listing Authority and are available for inspection by the public at the UK Listing Authority's Document Viewing Facility which is situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS (tel. +44 (0)20 7676 1000) during normal business hours on any weekday (except public holidays) until the completion of the Acquisition. Unless otherwise stated, all references to time in this announcement are to London time. The dates in this announcement are indicative only. These dates depend, amongst other things, on the date upon which the Court sanctions the Scheme and confirms the Capital Reduction, the date on which the Court Order is delivered to the Registrar and whether the Conditions are satisfied or, if capable of waiver, waived. Capitalised terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Scheme Document. Credit Suisse First Boston, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to ebookers and no one else in connection with the Acquisition and will not be responsible to anyone other than ebookers for providing the protections afforded to customers of Credit Suisse First Boston nor for providing advice in relation to the Acquisition. Ernst & Young, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to ebookers solely for the purposes of Rule 3 of the Code and is not acting as adviser to anyone else in connection with the Acquisition and will not be responsible to anyone other than ebookers for providing the protections afforded to clients of Ernst & Young nor for providing advice in relation to the Acquisition. Citigroup Global Markets Limited ("Citigroup"), which is regulated in the United Kingdom by The Financial Services Authority, is acting for Cendant and Cendant Bidco in connection with the Acquisition and the Scheme and no one else and will not be responsible to anyone other than Cendant and Cendant Bidco for providing the protections afforded to customers of Citigroup nor for providing advice in relation to the Acquisition or the Scheme, or any matter referred to herein. This announcement does not constitute an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to buy or subscribe for any securities. Any response in relation to the Acquisition should be made only on the basis of the information contained in the Scheme Document or any document by which the Offer is made. Source: ebookers plc Press enquiries: ebookers plc, Latasha Malik, +44-(0)207-489-2451; Cubitt Consulting (media relations adviser to ebookers), Simon Brocklebank-Fowler, Michael Henman, +44-(0)20-7367-5100; Credit Suisse First Boston (financial adviser to ebookers), Andrew Christie, Simon Taurins, Ian Brown, +44-(0)20-7888-8888; Ernst & Young (independent financial adviser to ebookers), John Stephan, Steve Taylor, +44-(0)20-7951-2000; Cendant Media Relations Contacts, Neil Bennet, Maitland (UK enquiries), +44-(0)20-7379-5151, David Sturken, Maitland (European enquiries); Cendant Investor Relations Contacts, Sam Levenson, +1-212-413-1832, Henry A. Diamond, +1-212-413-1920; Citigroup Global Markets Limited (financial adviser to Cendant), Peter Tague, Iain Robertson, Grant Kernaghan, +44-(0)20-7986-4000 ------- Profile: International Entertainment