Dell Announces Extension of Tender Offer for Outstanding Options under 2002
and 2012 Long-Term Incentive Plans
ROUND ROCK, Texas -- October 25, 2013
Dell announced today that it has extended its previously-announced cash tender
offer for outstanding options to purchase Dell common stock under the
DellInc. 2012 Long-Term Incentive Plan (“2012 Plan”) and the DellInc.
Amended and Restated 2002 Long-Term Incentive Plan (“2002 Plan”). The tender
offer, which was previously scheduled to expire at 11:59p.m., New York City
time, on October25, 2013 has now been extended, and will now expire at
5:00p.m., New York City time, on October29, 2013. Tenders of eligible
options must be made prior to the extended expiration of the tender offer and
may be withdrawn at any time prior to that time. Except for this extension,
the tender offer remains subject to all other terms and conditions set forth
in Dell’s Offer to Purchase for Cash Outstanding Options to Purchase Common
Stock under the DellInc. 2012 Long-Term Incentive Plan and the DellInc. 2002
Long-Term Incentive Plan, dated September26, 2013 (the “Offer to Purchase”).
As of 5:00p.m., New York City time, on October24, 2013, option holders had
validly tendered, and not withdrawn, options to purchase approximately
61,783,573 shares of Dell common stock. Outstanding options granted under the
2012 Plan and the 2002 Plan and eligible to be tendered in the offer
represented rights to purchase a total of 70,324,718 shares of Dell common
stock as of September26, 2013, the date on which the tender offer commenced.
Important Additional Information Has Been Filed With the SEC
This press release is for informational purposes only and is neither an offer
to purchase nor a solicitation of an offer to sell the options. The tender
offer is being made pursuant to a tender offer statement on ScheduleTO and
related materials, including the Offer to Purchase, that Dell filed with the
Securities and Exchange Commission on September26, 2013. The Offer to
Purchase has been disseminated to option holders under the 2012 Plan and the
2002 Plan. Option holders are urged to read the ScheduleTO, including the
Offer to Purchase, and related materials because they contain important
DellInc. (NASDAQ: DELL) listens to customers and delivers innovative
technology and services that give them the power to do more. For more
information, visit www.dell.com. You may follow the Dell Investor Relations
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Dell disclaims any proprietary interest in the marks and names of others.
Media Contacts: 512-728-4100
David Frink, 512-728-2678
Colleen Ryan, 512-728-3863
Investor Relations Contacts:
Karina Franco, 512-728-5224
David Mehok, 512-728-4225
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