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


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