Brief: Bouygues Intents To Submit A Squeeze-Out Offer, With A View To Delisting Colas

COLAS SA

18/09/2023 07:02

Sept 18 (Reuters) - Bouygues SA  BOUY.PA :
    * PRESS RELEASE REGARDING COLAS
    * INTENTION TO SUBMIT A SQUEEZE-OUT OFFER, WITH A VIEW TO
DELISTING COLAS, AT A PRICE OF EUR 175 PER SHARE
    * FUNCTIONS OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER ARE TO
BE
SEPARATED
    * PASCAL GRANGÉ IS APPOINTED NON-EXECUTIVE CHAIRMAN OF COLAS
    * PIERRE VANSTOFLEGATTE IS APPOINTED CHIEF EXECUTIVE OFFICER
OF
COLAS
    * PRICE OF 175 EUROS PER COLAS SHARE, PAYABLE EXCLUSIVELY IN
CASH
    * 54.2% ON COLAS SHARE PRICE AT CLOSE OF BUSINESS ON
SEPTEMBER 15,
2023
    * COMPLETION OF OFFER WILL BE SUBJECT TO AMF'S COMPLIANCE
DECISION
(CONFORMITÉ) ON PROPOSED OFFER
    * 52.2%, 50.1% AND 50.4% ON AVERAGE COLAS SHARE PRICE
WEIGHTED BY
VOLUMES OVER LAST 60, 120 AND 240 TRADING DAYS RESPECTIVELY
PRIOR TO OFFER ANNOUNCEMENT.
    * FREDERIC GARDES TENDERED HIS RESIGNATION FROM HIS POSITION
AS
CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF COLAS AND FROM HIS
MANDATE AS DIRECTOR

Source text for Eikon:  ID:nGNE7TZ4T9 
Further company coverage:  BOUY.PA 

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