Billy Timmins
Question:141 Mr. Timmins asked the Minister for Public Enterprise the companies which assisted her in the preparation of the recent flotation of Eircom; and if she will make a statement on the matter. [3695/00
Written Answers. - Eircom Flotation.
Billy Timmins
Question:143 Mr. Timmins asked the Minister for Public Enterprise the companies, if any, which assisted in the flotation of Eircom; the way in which these companies were selected; their respective functions; the payments made to them; if she will supply a list of addresses for these companies; if she has satisfied herself that all of these companies are reputable; the way in which she established this; and if she will make a statement on the matter. [3697/00]
I propose to take Questions Nos. 141 and 143 together.
The advisers which assisted in the flotation of Eircom, formerly Telecom Éireann, their respective functions and the payments made to each are set out in the table below.
|
Consultant |
Function |
Payment(ex VAT) |
|
IR£000 |
||
|
Merrill Lynch International and AIB CapitalMarkets – with subcontract to InternationalPresentations |
Joint Global Co-ordinators for the initial publicoffering – Roadshow Co-ordinator |
58,420 |
|
Skadden, Arps, Slate, Meagher and Flom |
International Counsel to Ministers |
1,250 |
|
Irish International Group |
Advertising Agents – Media advertising –Production of direct mail material –creative work |
3,214 |
|
Citigate Dewe Rogerson (CDR)(i)CDR with subcontract to DruryCommunications(ii)CDR with subcontract to Drury Researchand Lansdowne Market Research(iii)CDR with subcontract to SITEL |
(i)PR and Marketing Advisers(ii)Market Research(iii)Call centre and database management |
2,843 |
|
Computershare Services (Ireland) |
Receiving Agent for share applications |
1,408 |
|
Bowne International |
Secure Printers |
2,773 |
|
PricewaterhouseCoopers |
Process Fraud Auditor |
157 |
|
Mr. Noel Lindsay |
Process Auditor |
15 |
|
Designated Brokers |
Registration of clients for the initial public offering |
74 |
|
–Goodbody |
||
|
–Davy |
||
|
–BCP |
||
|
–NCB |
||
|
–W & R Morrogh |
||
|
–Fexco |
||
|
–Dolmen Butler Briscoe |
||
|
–Campbell O'Connor & Co. |
||
|
–Bloxham |
||
|
–ABN Amro |
||
|
An Post |
Mailings associated with the share offer |
3,052 |
|
National Association of Securities Dealers (NASD) |
Stock Exchange Filing Fees in the USA |
23 |
|
Securities and Exchange Commission (SEC) |
Stock Exchange Filing Fees in the USA |
234 |
|
SITEL |
Ongoing call centre services post flotation and after expiry of CDR subcontract with SITEL |
192 |
|
Ernst & Young |
Advice in relation to commencement of IPO process |
|
|
Mason Hayes and Curran |
Post flotation legal advice |
34 |
|
Telecom Eireann (Eircom) |
Freephone charges for call centre |
131 |
Addresses of Advisers
Merrill Lynch International, Ropemaker Place, 25 Ropemaker Street, London EC 2Y 9LY
AIB Capital Markets, 122 Pembroke Road, Ballsbridge, Dublin 4
International Presentations, Plaza, 535 Kings Road, London SW10 0SZ
Skadden, Arps, Slate, Meagher and Flom, One Canada Square Canary Wharf, London E14 5DS
Citigate Dewe Rogerson, 3 London Wall Buildings, London Wall, London EC2M 5 SY
Drury Communications, 1 Richview Office Park, Clonskeagh, Dublin 14
Computershare Services (Ireland) Ltd, Heron House, Corrig Road, Sandyford Industrial Estate, Dublin 18
Bowne International, 28 Finsbury Circus, London EC2M 7DT
PricewaterhouseCoopers, Wilton Place, Dublin 2
Mr. Noel Lindsay, 62 Beech Park Road, Foxrock, Dublin 18
Sitel TMS Ltd, Park West, New Nangor Road, Clondalkin, Dublin 22
Ernst & Young, Beckett House, 1 Lambeth Palace Road, London SE1 7 EU
Mason Hayes and Curran, 7 Fitzwilliam Square, Dublin 2
I am satisfied that all the companies involved in the flotation of Eircom were reputable. All the companies possessed valid tax clearance certificates-statements of suitability. They were selected in accordance with Government and EU public procurement procedures.