Brief: Navigator Says Accrol Shareholders Approve Offer By Navigator Paper UK

Accrol group

15/05/2024 15:33

May 15 (Reuters) - Navigator Company SA  NVGR.LS :
    * INFORMS ON PUBLIC ALL-CASH FIRM OFFER LAUNCHED ON 22 MARCH
2024,
BY NAVIGATOR PAPER UK LIMITED
    * RESOLUTIONS TO APPROVE OFFER WERE PASSED BY REQUISITE
MAJORITY
OF ACCROL SHAREHOLDERS AT ACCROL'S COURT MEETING AND GENERAL
MEETING, HELD EARLIER TODAY
    * INCREASED AND FINAL OFFER FOR ACCROL, ANNOUNCED BY
NAVIGATOR ON
3 MAY 2024, VALUES ACCROL'S FULLY DILUTED EQUITY AT
APPROXIMATELY £130.8 MILLION (CIRCA €152.1 MILLION)
    * OFFER WAS APPROVED AT COURT MEETING WITH 99.12% OF VOTES
AND
CONNECTED RESOLUTION WAS PASSED AT GENERAL MEETING WITH 99.17%
OF VOTES CAST, ENABLING ACQUISITION OF 100% OF CO'S SHARE
CAPITAL
    * OFFER IS EXPECTED TO BECOME EFFECTIVE UPON MAY 24
    * ACCROLS FINANCIAL DEBT TOTALS £25.5 MILLION (CIRCA €29.6
MILLION) OR £57.4 MILLION POUNDS (CIRCA €66.7 MILLION) INCLUDING
IFRS16

Source text: https://tinyurl.com/4vhhc7v4  urn:newsml:reuters.com:*:nFWN3H61O0
Further company coverage:  NVGR.LS 

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