As the Deputy is aware, Eircom is now a private company and I have been advised that, as talks are ongoing with another company, I cannot speak about other matters.
The total cost incurred by my Department in connection with the initial public offering is £77.5 million, including VAT of £2.5 million. This figure was made public more than a year ago but the Deputy is quite right to ask again. It includes all costs, including staff costs in my Department and costs associated with the issue of bonus shares to qualified shareholders in July of this year. I have set out a table of all the material which will be included in the Official Report.
Consultant
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Functions
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Merrill Lynch International and AIB Capital Markets – with subcontract to International Presentations
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Joint global co-ordinators for the initial public offering Roadshow co-ordinator
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Skadden, Arps, Slate, Meagher and Flom
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International Counsel to Ministers
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Irish International Group
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Advertising Agent – Media advertising – production of direct mail material – creative work
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Citigate Dewe Rogerson (CDR) (i) CDR with subcontract to Drury Communications (ii) CDR with subcontract to Drury Research and Lansdowne Market Research (iii) CDR with subcontract to SITEL
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(i) PR and marketing advisers(ii) Market research(iii) Call centre and database management
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Computershare Services (Ireland)
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Receiving agent for share applications
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Bowne International
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Secure printers
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Pricewaterhouse Coopers
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Process fraud auditor
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Mr. Noel Lindsay
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Process auditor
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Designated Brokers–Goodbody–Davy–BCP–NCB–W & R Morrogh–Fexco–Dolmen Butler Briscoe–Campbell O'Connor & Co.–Bloxham–ABN Amro
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Registration of clients for the initial public offering
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An Post
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Mailings associated with the share offer
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National Association of Securities Dealers (NASD)
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Stock exchange filing fees in the USA
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Securities and Exchange Commission (SEC)
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Stock exchange filing fees in the USA
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SITEL
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Ongoing call centre services post flotation and after expiry of CDR subcontract with SITEL
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Ernst & Young
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Advice in relation to commencement of IPO process
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Mason Hayes and Curran
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Post-flotation legal advice
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Telecom Éireann (Eircom)
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Freephone charges for call centre
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