| Ticker: ORNGY | St. James Court, Great Park Road, Almondsbury Park, Bradley Stoke | |
| Exchange: NASDAQ-National Market | Bristol, Foreign BS12 4QJ | |
| Industry: Service | 1454624600 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 2/27/96 | |
| U.S. Shares: | 26,000,000 | Offer Date: | 3/27/96 | |
| Non-U.S. Shares: | 39,000,000 | Filing Range: | $13.48 - $15.80 | |
| Primary Shares: | 65,000,000 | Offer Price: | $15.62 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $951,599,991 | Selling: | $0.42 | |
| Expenses: | $9,000,000 | Reallowance: | $0.29 | |
| Shares Out After: | 244,435,227 | |||
| Spin out parent firm: | Hutchison Whampoa | |||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| CIBC Wood Gundy Securities Corp. | Co-manager | |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Dresdner Securities (USA) Inc. | Co-manager | (212) 344-3200 |
| Gordon Capital, Inc. | Co-manager | |
| Kleinwort Benson North America | Co-manager | (212) 351-5567 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $355.31 | Assets: | $899.45 | ||
| Net Income: | -$406.88 | Liabilities: | $2,032.65 | ||
| EPS: | -$2.65 | Equity: | -$1,133.20 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company's principal business is the operation of the Orange digital PCN telecommunications network in the United Kingdom and the sale and marketing of Orange services. Under the brand name "Orange", the company offers a broad range of mobile voice and data communications services. The company is one of four operators of cellular telephone networks in the United Kingdom, which in total operate six cellular networks - two analog networks, two digital GSM networks and two digital PCN networks. The number of cellular telephone subscribers in the United Kingdom has grown significantly in recent years, from approximately 1.23 million subscribers in December 31, 1991 to approximately 5.41 million subscribers at December 31, 1995. In addition to operating the Orange network, the company provides a range of other mobile telecommunications services in the United Kingdom. Through Hutchison Cellular Services Limited, a subsidiary of the company, the company has been a service provider for the Cellnet and Vodafone cellular telephone networks in the United Kingdom since 1989. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt owed to principal shareholders, for working capital and general corporate purposes. |
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