April 30th, 2008 by admin
PARIS, April 30 /PRNewswire-FirstCall/ — CGGVeritas (ISIN : 0000120164 - NYSE : CGV) will release its Q1 2008 financial results on Wednesday, May 14th, 2008 before the opening of the Paris and New York stock exchanges. - Robert BRUNCK, Chairman and CEO, will comment on the results during a meeting at 10:00 am - Maison du Barreau - 2, rue de Harlay - Paris 1st. - a press release will be available on our website : at 8 am on this date. - an English language conference call is scheduled at 3:00 PM (Paris time) - 2:00 PM (London) - 8:00 AM (US CT) - 9:00 AM (US ET).To take part in the English language conference call, simply dial five to ten minutes prior to the scheduled start time. The conference call will also be broadcast live on CGGVeritas’s website and replay will be available for two weeks thereafter. - International call-in 1 647 427 3417 - US call-in 1 888 241 0558 - Replay 1 402 220 1756 or 1 800 695 3382 - code 35066969 You will be asked for the name of the conference: “CGGVeritas Q1 2008 Results”. - Copies of the presentation will be posted on the company web site and can be downloaded. About CGGVeritas:CGGVeritas () is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.CGGVeritas is listed on the Eurolist of Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV). Contacts: Christophe Barnini 33-1-64-47-38-10 / 38-11 Email: Hovey Cox 1-832-351-8821 Email :CGGVeritas
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April 17th, 2008 by admin
MOSCOW April 17 PRNewswire-FirstCall - Mechel OAO one of the leading Russian mining and metals companies announces the following update in relation to the recommended cash offer made by Mechel for the entire issued and to be issued ordinary share capital of Oriel by means of an Offer Document dated 26 March 2008 the Offer DocumentThe Board of Mechel is pleased to announce that all the conditions of the Offer have now been satisfied or waived and that accordingly the Offer is today declared unconditional in all respects1 Level of acceptancesThe Board of Mechel announces that as at 100 pm London time on 16 April 2008 the first closing date of the Offer valid acceptances had been received in respect of a total of 611660984 Oriel Shares representing approximately 9569 per cent of Oriels existing issued ordinary share capitalThe Board of Mechel is therefore pleased to announce that the 90 per cent acceptance condition in respect of the Offer has been satisfiedAs set out in the Offer Document Mechel had received irrevocable undertakings to accept the Offer in respect of a total of 296698351 Oriel Shares representing approximately 464 per cent of Oriels existing issued ordinary share capital As at 100 pm London time on 16 April 2008 valid acceptances of the Offer all of which are included in the total of valid acceptances referred to above had been received in respect of all of these Oriel SharesSave as disclosed above and in the Offer Document neither Mechel nor any person acting in concert with Mechel for the purposes of the Offer is interested in or has any rights to subscribe for any Oriel Shares nor does any such person have any short position or any arrangement in relation to Oriel Shares For these purposes arrangement includes any agreement to sell or any delivery obligation or right to require another person to purchase or take delivery of and borrowing or lending of Oriel Shares An arrangement also includes any indemnity or option arrangement any agreement or understanding formal or informal of whatever nature relating to Oriel Shares which may be an inducement to deal or refrain from dealing in such securities Interest includes any long economic exposure whether conditional or absolute to changes in the prices of securities and a person is treated as having an interest by virtue of the ownership or control of securities or by virtue of any option in respect of or derivative referenced to securities2 SettlementThe consideration due to Oriel Shareholders who have provided valid and complete acceptances under the Offer on or before the date of this announcement will be dispatched by 30 April 2008 The consideration due to Oriel Shareholders who provide valid and complete acceptances under the Offer after the date of this announcement but while the Offer remains open for acceptance will be dispatched within 14 days of such receipt 3 Offer open for acceptance The Offer will remain open for acceptance until further notice 4 Further acceptances Oriel Shareholders who have not yet accepted the Offer are urged i in respect of Oriel Shares held in certificated form to complete sign and return the relevant Form of Acceptance in accordance with the instructions set out in the Offer Document and in the Form of Acceptance so as to be received as soon as possible ii in respect of Oriel Shares held in CREST to accept electronically through CREST so that the TTE instruction settles as soon as possible and iii in respect of Oriel Shares held through a participant of CDS to accept by following the procedures for a Book-based Transfer established by CDS as soon as possible or otherwise as described in the Offer DocumentFull details of how to accept the Offer in respect of certificated and uncertificated Oriel Shares are set out in the Offer Document and in the case of certificated Oriel Shares the accompanying Form of Acceptance Copies of the Offer Document and the Form of Acceptance can be obtained by contacting Computershare Investor Services PLC on telephone number 44 870 707 12145 Compulsory acquisition and cancellation of tradingMechel intends to apply the provisions of sections 979 to 982 of the Companies Act 2006 to acquire compulsorily any Oriel Shares that have not accepted the Offer on the same terms as the OfferMechel is taking steps to procure the making of an application by Oriel to the London Stock Exchange for the cancellation of admission to trading of Oriel Shares on AIM It is anticipated that the cancellation of admission to trading will take effect approximately 20 business days after the date of this announcement Accordingly it is expected that such cancellation will take effect on or around 6 May 2008 or as soon as practicable possible thereafterSubject to applicable law Mechel intends to take steps to procure Oriel to delist the Oriel Shares from the Toronto Stock Exchange and apply to the Ontario Securities Commission for a decision that Oriel has ceased to be a reporting issuer in OntarioThis cancellation and delisting will significantly reduce the liquidity and marketability of any Oriel Shares not assented to the Offer6 OtherTerms used in this announcement shall have the meaning given to them in the Offer Document unless the context requires otherwise Enquiries Mechel Telephone 7 495 221 8888 Alexander Tolkach Head of International Affairs and Investor Relations Merrill Lynch Telephone 44 0 20 7628 1000 Kevin Smith Mark Echlin George Close-Brooks Further InformationThis announcement does not constitute or form part of an offer or solicitation of any offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities pursuant to the Offer or otherwise The Offer is made solely by the Offer Document and the Form of Acceptance which contain the full terms and conditions of the Offer including details of how the Offer may be accepted Any acceptance or other response to the Offer should be made on the basis of the information in the Offer Document and the Form of AcceptanceThe availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdiction in which they are located Persons who are not resident in the United Kingdom should inform themselves about and observe any applicable legal or regulatory requirementsThe release publication or distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements Any failure to comply with the applicable requirements may constitute a violation of the securities laws of any such jurisdiction This announcement has been prepared for the purpose of complying with English law and the Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UKAny persons including without limitation any custodian nominee or trustee who would or otherwise intend to or who may be under a contractual or legal obligation to forward this announcement andor the Offer Document andor any other related document to any jurisdiction outside the UK should inform themselves of and observe any applicable legal or regulatory requirements of their jurisdictionFurther details in relation to overseas shareholders are contained in the Offer DocumentMerrill Lynch which is regulated in the United Kingdom by the Financial Services Authority is acting exclusively for Mechel in connection with the Offer and no-one else and will not be responsible to anyone other than Mechel for providing the protections afforded to clients of Merrill Lynch or for providing advice in relation to the Offer or any other matters referred to in this announcementMechel is one of the leading Russian companies Its business includes three segments mining steel and power Mechel unites producers of coal iron ore concentrate nickel steel rolled products hardware heat and electric power Mechel products are marketed domestically and internationallySome of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995 We wish to caution you that these statements are only predictions and that actual events or results may differ materially We do not intend to update these statements We refer you to the documents Mechel files from time to time with the US Securities and Exchange Commission including our Form 20-F These documents contain and identify important factors including those contained in the section captioned Risk Factors and Cautionary Note Regarding Forward-Looking Statements in our Form 20-F that could cause the actual results to differ materially from those contained in our projections or forward-looking statements including among others the achievement of anticipated levels of profitability growth cost and synergy of our recent acquisitions the impact of competitive pricing the ability to obtain necessary regulatory approvals and licenses the impact of developments in the Russian economic political and legal environment volatility in stock markets or in the price of our shares or ADRs financial risk management and the impact of general business and global economic conditions Mechel OAO
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