Brief: Spain's Regulator Lifts Share Trading Suspension Of NH Hotel On May 10

Minor Hotels Europe & Americas SA

10/05/2023 06:14

May 10 (Reuters) - Comision Nacional del Mercado de
Valores (CNMV):
    * SAID ON WEDNESDAY, DECIDED TO LIFT THE PRECAUTIONARY
SUSPENSION
ON TRADING OF NH HOTEL GROUP  NHH.MC , AGREED ON MAY 8, ON STOCK
EXCHANGES AND THE STOCK MARKET INTERCONNECTION SYSTEM, WITH
EFFECT FROM MAY 10, FROM 10:00 LOCAL TIME
    * LIFTING DECIDED AS A RESULT OF SUFFICIENT INFORMATION ON
THE
CIRCUMSTANCES LEADING TO THE ADOPTION OF SUSPENSION AGREEMENT
HAVING BEEN MADE AVAILABLE THE PUBLIC
    * ANY REMOVAL OF NH HOTELS FROM TRADING MUST ENTAIL
LAUNCHING A
TAKEOVER BID AT A PRICE THAT IS DULY JUSTIFIED
    * IN ACCORDANCE WITH INFORMATION PUBLISHED BY NH ON THE
VALUE
RANGE CALCULATED BY THE EXPERT PROVIDED BY MINOR INTERNATIONAL
 MINT.BK , CNMV DID NOT CONSIDER THE €4.81-€5.68 VALUE RANGE
SUFFICIENTLY JUSTIFIED TO PROCEED WITH REMOVAL FROM TRADING
    * UNLESS BUSINESS PROSPECTS OR COST STRUCTURE OF THE COMPANY
DETERIORATE, OR THERE ARE SIGNIFICANT VARIATIONS IN THE MARKET
PARAMETERS, CNMV WOULD NOT A PRIORI APPROVE A REMOVAL FROM
TRADING AT A PRICE LOWER THAN THE UPPER END OF SAID RANGE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM2C1HXG  urn:newsml:reuters.com:*:nFWN37623K  urn:newsml:reuters.com:*:nFWN37617E
 Further company coverage:  NHH.MC  

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