Brief: CPI Property Group Says Immofinanz To Accept Takeover Offer

Cpi Property SA

24/02/2022 17:17

Feb 24 (Reuters) - CPI PROPERTY GROUP SA  O5G.DE :
    * ANTICIPATORY MANDATORY TAKEOVER OFFER
    * UNTIL END OF ACCEPTANCE PERIOD, 7,125,335 IMMOFINANZ
SHARES HAVE
BEEN TENDERED FOR SALE INTO OFFER
    * OFFER HAS BEEN ACCEPTED WITH RESPECT TO 54 2024
CONVERTIBLE
BONDS, CORRESPONDING TO A TOTAL NOMINAL AMOUNT OF 2024
CONVERTIBLE BONDS OF EUR 5,400,000
    * SHARE OFFER PRICE OF EUR 23.00 PER IMMOFINANZ SHARE AND
CONVERTIBLE BOND OFFER PRICE OF EUR 111,470.29 FOR EACH NOMINAL
AMOUNT OF EUR 100,000 WILL BE PAID TO HOLDERS OF SECURITIES
TENDERED FOR SALE NO LATER THAN 9 MARCH 2022 VIA THEIR
RESPECTIVE SECURITIES ACCOUNTS
    * BIDDER WILL IN TOTAL AT LEAST HOLD 73,732,710 IMMOFINANZ
SHARES,
A PARTICIPATION OF APPROXIMATELY 53.33 % IN TARGET COMPANY'S
REGISTERED NOMINAL SHARE CAPITAL AND TOTAL OUTSTANDING VOTING
RIGHTS

Source text for Eikon:  ID:nEQ9rKQ8ra 
Further company coverage:  O5G.DE 

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