| Energis PLC | |||
| Ticker: | ENGYV | ||
| Exchange: | NASDAQ-National Market | London, UK | |
| Industry: | Service (SIC Code 4812) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 11/18/97 | |
| U.S. Shares: | 15,000,000 | Offer Date: | 12/8/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $21.15 - $27.50 | |
| Primary Shares: | 15,000,000 | Offer Price: | $23.89 | |
| Secondary Shares: | 0 | Gross Spread: | $1.08 | |
| Offering Amount: | $364,875,011 | Selling: | $0.64 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 29,940,118 | |||
| Spin out parent firm: | National Grid Group PLC | |||
| Manager | Tier | Phone |
| Dresdner Securities (USA) Inc. | Lead Manager | (212) 429-4534 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| UBS Securities Inc. | Co-manager | (212) 821-4510 |
| Business Description |
| The company offers high integrity voice and data transmissions to U.K. businesses via a network of 5,000 kilometers of fiber optic cable wrapped around National Grid's power lines. Energis currently carries 50% of the Internet traffic in the U.K. The company has built its revenue base through basic voice transmissions, which accounted for around 60% of first half revenue, its advantage comes from its "synchronous digital hierarchy" technology also known as "Sonnet. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness to the parent company. |