Brief: Cicor: OEP Converted Mandatory Convertible Notes, Will Make Public Offer To Shareholders

Cicor Technologies

29/11/2024 06:06

Nov 29 (Reuters) - Cicor Technologies Ltd  CICN.S :
    * OEP HAS CONVERTED ITS MANDATORY CONVERTIBLE NOTES AND WILL
MAKE
A PUBLIC OFFER TO THE SHAREHOLDERS OF CICOR ACCORDING TO THE
SWISS TAKEOVER RULES
    * OEP WILL HOLD 41.01% OF CICOR'S SHARES AND IS THEREFORE
OBLIGED
TO MAKE A PUBLIC TAKEOVER OFFER TO OTHER CICOR SHAREHOLDERS
WITHIN TWO MONTHS
    * PRESCRIBED MINIMUM PRICE IS 60-DAY VOLUME-WEIGHTED AVERAGE
PRICE
(VWAP) PRIOR TO PUBLICATION OF MANDATORY OFFER AND CURRENTLY
AMOUNTS TO CHF 54.35 PER SHARE
    * DEFINITIVE MINIMUM PRICE WILL BE DETERMINED ON PUBLICATION
DATE
OF MANDATORY OFFER
    * BOARD OF DIRECTORS WILL REVIEW MANDATORY OFFER AND, FROM
TODAY'S
PERSPECTIVE, RECOMMEND REJECTING IT
    * HOWEVER, FINAL DECISION AND REPORTING ON THIS REMAIN
RESERVED

Source text:  ID:nEQc1zgLta 
Further company coverage:  CICN.S 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))