Brief: Ercros Receives Letter From 150 Shareholders Regarding Takeover Bids By Bondalti And Esseco

Ercros SA

25/07/2024 07:27

July 25 (Reuters) - Ercros SA  ECR.MC :
    * RECEIVED FROM AROUND 150 SHAREHOLDERS, MAINLY INDIVIDUALS,
A
COMMUNICATION RELATING TO TAKEOVER BIDS SUBMITTED BY BONDALTI
IBÉRICA AND BY ESSECO INDUSTRIA
    * SHAREHOLDERS DECLARE THAT THEY HOLD A TOTAL OF 24.6
MILLION
SHARES, REPRESENTING 26.86% OF SHARE CAPITAL OF CO
    * SIGNIFICANT SHAREHOLDERS JOAN CASAS GALOFRÉ, PROPRIETARY
DIRECTOR OF THE COMPANY, AND MONTSERRAT GARCIA PRUNS ARE AMONG
SHAREHOLDERS WHO HAVE SENT THE COMMUNICATION
    * COMMUNICATION SAYS THESE SHAREHOLDERS IRREVOCABLY DECLARE
THAT
THEY DO NOT WISH TO ACCEPT ANY OF THE VOLUNTARY PUBLIC TAKEOVER
BIDS
    * COMMUNICATION DECLARES THAT THEY DO NOT HAVE ANY AGREEMENT
WITH
OTHER SHAREHOLDERS OF ERCROS FOR CONCERTED EXERCISE OF VOTING
RIGHTS RELATING TO ERCROS
    * BONDALTI OFFERS, PRIOR TO ANY ADJUSTMENT FOR DISTRIBUTIONS
TO
SHAREHOLDERS, PRICE OF 3.60 EUROS IN CASH PER SHARE
    * ESSECO INDUSTRIAL OFFERS, PRIOR TO ANY ADJUSTMENT FOR
DISTRIBUTIONS TO SHAREHOLDERS, 3.84 EUROS PER SHARE IN CASH FOR
ALL SHARES OF ERCROS

Source text for Eikon:  ID:nCNMb1RKbg   urn:newsml:reuters.com:*:nL8N3IQ0FG
Further company coverage:  ECR.MC 

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