Brief: Minor Hotels Europe & Americas Submits To Shareholders Delisting Tender Offer Launched By MHG

Minor Hotels Europe & Americas SA

16/12/2024 06:51

Dec 16 - Minor Hotels Europe & Americas (MHEA)  NHH.MC :
    * SAID ON FRIDAY THE BOARD HAD AGREED TO SUBMIT TO
SHAREHOLDERS
DELISTING TENDER OFFER FOR MHEA LAUNCHED BY MHG CONTINENTAL
HOLDING (SINGAPORE) PTE LTD, MAJORITY SHAREHOLDER OF THE COMPANY
    * THE OFFER PRICE TO BE 6.37 EUROS PER SHARE
    * THE OFFEROR WOULD BLOCK THE 417.7 MILLION SHARES OF THE
COMPANY,
REPRESENTING 95.865% OF ITS SHARE CAPITAL, HELD BY IT UNTIL THE
END OF THE OFFER ACCEPTANCE PERIOD AND, THEREFORE, THESE SHARES
WOULD BE EXCLUDED FROM THE OFFER
    * SHAREHOLDERS OF THE COMPANY GLOBAL INCOME SA - SPF AND
HERITAGE
SICAV UNDERTOOK TO SELL TO MHG 1.44% STAKE IN MHEA AT A PRICE OF
6.00 EUROS PER SHARE
    * THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO
APPROVE THE
PROPOSAL TO BE HELD ON JANUARY 20, 2025

        
 Source text: https://tinyurl.com/3n9kwreh
 Further company coverage:  NHH.MC  

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