Brief: Sodim Announces Result Of Tender Offer For Semapa's Shares

Grand City Properties SA

08/06/2021 07:02

June 8 (Reuters) - Semapa Sociedade de Investimento e Gestao
 SEM.LS :
    * SODIM ANNOUNCED ON MONDAY THE RESULT OF PUBLIC TENDER
OFFER TO
BUY SEMAPA'S SHARES
    * AS A RESULT, SODIM HOLDS, DIRECTLY AND INDIRECTLY,
66,093,765
SHARES OF SEMAPA, REPRESENTING 81.3% OF ITS SHARE CAPITAL AND
82.8% OF ITS VOTING RIGHTS 
    * FINAL PURCHASE PRICE FOR ALL SHARES VALIDLY TENDERED IS
12.17
EUROS PER SHARE, AND FOLLOWING THE PAYMENT OF A DIVIDEND OF
0.512 EUROS BY TARGET COMPANY, THE DIFFERENTIAL OF 11.66 EUROS
PER SHARE WILL BE PAID IN CASH
    * FOLLOWING THE OFFEROR'S WAIVER OF CONDITION OF SUCCESS,
THE
OFFER IS EFFECTIVE AND THE ACCEPTANCE ORDERS ARE ALL EXECUTED
    * SEMAPA WILL REMAIN TRADING IN PSI-20
    * SETTLEMENT OF OFFER SCHEDULED FOR JUNE 9

Source text: https://bit.ly/3zaVaWr
Further company coverage:  SEM.LS 

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