ETAG |
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This is only relevant to members
of TNU PLC & TNU SA, formerly Eurotunnel |
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| To change your contact details Please click here La Section Française |
Share Prices London & Paris Paris Bourse (in French) Yahoo (in English) |
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Eurotunnel Foundation Shareholders' travel rights |
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Latest Postings |
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| Posted 25th Sepember 2008 | Tunnel fire consequences | ||||||||||||||||||||||
| TNU AGMs 27th June 2008 - ETAG report | Posted 27th June 2008 | Travel rights - Annual fee planned | |||||||||||||||||||||
| TNU AGMs 27th June 2008 Agenda commentary | Posted 23rd June 2008 | No action required | |||||||||||||||||||||
| ETAG Annual Accounts to 31st March 2008 | Posted 8th May 2008 | Adequate resources in hand | |||||||||||||||||||||
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 Informal ETAG reception at The Grand Folkestone 14th July 2007 |
Having successfully dealt with their assorted bondholders as part of its reorganisation, Eurotunnel at the last moment attempted to abolish the Foundation Shareholders' travel rights, even though they were contractual obligations granted to secure a critical portion of its original equity finance. ETAG was founded to oppose this iniquity, as a result of which those shareholders who retained the necessary qualifying 'stapled Units' in the former Eurotunnel PLC & Eurotunnel SA (now TNU PLC & TNU SA) continue to benefit from their travel rights. However, their qualifying shares are now a tiny minority in a subsidiary of the new holding company, Groupe Eurotunnel SA (GET SA), and ETAG continues to monitor its members' interests. It maintains a Defence Fund in readiness for any eventuality; a substantial proportion of those who use the travel rights have subscribed to this fund, and the weight of numbers and resources, supplemented by insurance cover, has amply demonstrated its worth hitherto. Email: ETAG@grand-uk.com |
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The Eurotunnel Foundation Shareholders’ Action Group (ETAG) Michael Stainer FCA – Member of Eurotunnel Shareholder Consultative Committee |
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For those who are yet to join: The requested Defence Fund contribution is
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Over 1200 Unitholders have joined ETAG, their first payments having produced over £130,000, of which nearly £75,000 remains in the kitty. If you wish to be a party to ETAG's continuing action to safeguard the Foundation Shareholders' travel rights you should register with us and send your first payment to the Defence Fund; the second payment is not required at the moment, and will only be requested, should it be necessary, to ward off any further attacks on our rights. Please click here for ETAG's Defence Fund Contribution Form to download, and return it with your cheque or credit card details, Please notify us, and Eurotunnel, of any change in your contact details - click here for details of what to do. If and when we are satisfied that there is no further danger to our travel rights, any balance of funds will be returned, pro rata, to contributions. Our email address is ETAG@grand-uk.com - it would be appreciated if you would email rather than phone, or write to: |
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Progress Reports |
Special Bulletins |
Other |
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TNU AGMs 27th June 2008 - ETAG report Travel rights - Annual fee planned |
Temporary Suspension of Travel Rights & their Renewa |
ETAG Annual Accounts to 31st March 2008 |
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TNU AGMs 27th June 2008 Agenda commentry (posted 23rd June 2008) |
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EGMs 21st Dec 2007 Agenda commentary (posted 20th Nov 2007) |
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Progress Report 12th Oct 2007 Renewal of travel rights from 1st Nov 2007 |
Insurance Details 15th May 2007 |
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AGMs 27th July 2007 Agenda commentary (posted 7th July 2007) |
Questionnaire Results 10th May 2007 Evidence that Foundation Shareholders were being misled by Offer documents & information centres |
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Progress Report 30th June 2007 Confirmation that travel rights continue |
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A Thank You note 10th June 2007 Your ETAG team and their supporters |
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Eurotunnel Press Release 31st May 2007 Analysis of initial Offer result Additional Acceptance Period 1st to 14th June 2007 |
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Offer result 25th May 2007 87% acceptances - sit tight! |
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The Takeover Panel ruling 23rd May 2007 Reasons for dismissing ETAG’s ‘separate class of shares’ case (40 pages) Other aspects of ETAG's approaches to The Takeover Panel, its French Equivalent the AMF, the Paris Commercial Court and its proposed Injunction have not resulted in rulings as either Eurotunnel has taken appropriate action to satisfy our complaints or matters are ongoing. Linklaters’ review ETAG's action has become a leading case, and Linklaters' review is a very much more digestible summary |
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Suggested ACTION REQUIRED 10th May 2007 |
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Press Coverage |
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April |
May |
June |
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BBC Blogs - to date |
Times Online 1st June 2007 Share price commentary |
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November |
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BBC 2 Working Lunch c12.55 15th May 2007 (5 mins) The Goun on Show ou Le OuiOuiOuiNon Spectacle Near the end he’s tamely asked about travel rights – he implies for about 150 out of 150,000 UK shareholders ‘which the company can’t afford’. (Fortunately it’s what his lawyers make him write that counts.) |
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Reuters (Paris) 16th May 2007 Round up & History |
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Thomson Financial (London) 18th May 2007 |
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The Sunday Telegraph 20th May 2007 |
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Thomson Financial (Paris) 21st May 2007 |
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 Daily Telegraph 30.3.2007 |
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For ETAG email updates -