COPENHAGEN, Denmark, Sept. 22, 2006 (PRIMEZONE) -- Today, TDC A/S has received a notice from the board of directors of Nordic Telephone Company Investment ApS (NTCI) informing that NTCI have invited a group of app. 40 senior executives, including the current and the future Chief Executive Officer and the Vice Chairman of the Board of Directors of TDC A/S (the Participants) to subscribe for shares in NTCI.
NTCI is the ultimate Danish holding company in the group of companies holding an ownership interest of app. 88.2% in TDC A/S.
The invitation relates to ordinary shares in NTCI. The Participants are offered to make a fully paid up investment in newly issued shares. The subscription can be made against a contribution of DKK 53m, which will amount to 4.5% of the ordinary share capital of NTCI and 1.5% of the total share capital of NTCI inclusive preference shares, if fully subscribed. The shares will be subject to a Shareholders Agreement entered into between the Participants and Angel Lux Common S.a.r.l (the Parent Company) and NTCI, regulating the relationship between the Participants and the Parent company. The subscription is expected to be completed during the month of October 2006.