ESAT TELECOM GROUP PLC Offers American Depositary Shares for Initial Public Sale
Nov. 7, 1997, Donaldson Lufkin & Jenrette Securities Corp. said 6,000,000 American Depositary Shares or ordinary shares
of Esat Telecom Group plc were offered for initial public sale in the U.S. and internationally at $13 per ADS.
A total of 3,000,000 ADS, each representing two ordinary shares, were offered in the U.S. and Canada, and the remaining
ordinary shares were offered elsewhere. The ADSs became available for trading on the NASDAQ system under the symbol
ESATY. Esat Telecom Group plc (Nasdaq:ESATY - news) provides telecommunications services in Ireland.
The net proceeds will be used primarily to build a local and international telecommunications network, and the remainder will
be used for general corporate purposes.
The ADSs were offered in the U.S. and Canada through a group managed by Donaldson Lufkin & Jenrette Securities Corp.,
Credit Suisse First Boston Corp., and Cowen & Co. The ordinary shares were offered elsewhere through a syndicate led by
Credit Suisse First Boston (Europe) Ltd. and associates. |
