Experian, the global information services company, announces the following arrangements in respect of FARES, the joint venture company, owned 20% by Experian and 80% by First American, and in respect of First Advantage Corporation (FADV), an associate of FARES.
On 29 June 2009, First American announced that it had made an offer to acquire the issued and outstanding shares of Class A Common Stock of FADV in consideration for shares in First American (note 1 below). Experian announces that it has elected to tender both its direct and indirect holdings in exchange for shares in First American.
Experian’s direct and indirect holdings in FADV shares amount to 3,784,642 shares, approximately US$69m by value, based on a FADV share price of US$18.24 on 27 October 2009. Upon exchange and conversion, Experian will hold approximately 2% of the total issued share capital of First American.
|Nadia Ridout-Jamieson||Director of Investor Relations||+44 (0)20 3042 4215|
|Alex Brog||Head of Media Relations|
|Rollo Head||+44 (0)20 7251 3801|
Experian announcements are available on www.experianplc.com
Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2009 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
For more information, visit www.experianplc.com.