Investors who have pre-registered their interest in buying shares in Telecom Eireann when it comes to the stock market this summer will receive a personalised share application form and a mini-prospectus in the next few weeks.

The prospectus will indicate a price range within which the shares will be issued and investors will be invited to apply for shares based on the amount of money they wish to invest, rather than the number of shares they wish to purchase.

By pre-registering your interest in the shares you will be entitled to receive a priority share allocation, and will receive a greater percentage of the shares you decide to apply for than those who do not register.

If you wish to apply for shares, you should complete and return the personalised share application form together with payment. Investors will be able to pay for their shares by cheque, bank, building society or Post Office draft. The cheques must be drawn on an Irish bank account and issued in pounds or euros. In a new departure investors can also arrange to pay for their shares through a direct debit on their bank account. Under this arrangement, the money will not be taken out of your bank account until the last day of the share application period.

The prospectus is due to be issued in June with dealing in the shares expected in July.