Brief: Kernel Holding Announces Invitation To Tender For Sale Of Up To 3.9 Mln Company's Shares

Kernel Holding SA

03/09/2021 06:31

Sept 3 (Reuters) - Kernel Holding SA  KER.WA :
    * ANNOUNCES THROUGH ITS DIRECT AND WHOLLY OWNED SUBSIDIARY
ETRECOM
INVESTMENTS LIMITED (BUYER) AN INVITATION TO TENDER FOR SALE OF
THE COMPANY'S SHARES
    * THE COMPANY'S BOARD OF DIRECTORS IS AUTHORISED TO
REPURCHASE UP
TO 3.9 MILLION SHARES THROUGH THE BUYER
    * THE PROPOSED PRICE FOR EACH SHARE WILL BE NOT LESS THAN 50
ZLOTYS AND NOT MORE THAN 65 ZLOTYS PER SHARE
    * OPENING DATE FOR TENDERS IS THE 8TH OF SEPTEMBER 2021 AND
THE
CLOSING DATE IS THE 15TH OF SEPTEMBER 2021
    * INDICATIVE DATE OF PUBLISHING THE BUYBACK PRICE AND THE
NUMBER
OF SHARES TO BE PURCHASED IS THE 20TH OF SEPTEMBER 2021
    * THE MAXIMUM TOTAL CONSIDERATION ALLOCATED BY THE BUYER FOR
THE
PURPOSES OF THIS PARTICULAR INVITATION SHALL NOT EXCEED 193.6
MILLION ZLOTYS
    * THE TENDER WILL BE ORGANISED UNDER THE RULES OF THE
“MODIFIED
DUTCH AUCTION”

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMGw68ra
    
 Further company coverage:  KER.WA  
   


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