Brief: Navigator: Accrol Shareholders To Get 39 Pence/Shr Under Terms Of Increased And Final Offer

Navigator SA

03/05/2024 15:17

May 3 (Reuters) - Navigator Company SA  NVGR.LS :
    * NAVIGATOR PAPER UK LIMITED ANNOUNCES TERMS OF RECOMMENDED
INCREASED AND FINAL CASH OFFER BY NAVIGATOR FOR THE ENTIRE
ISSUED AND TO BE ISSUED SHARE CAPITAL OF ACCROL
    * UNDER TERMS OF INCREASED AND FINAL OFFER, ACCROL
SHAREHOLDERS
WILL BE ENTITLED TO RECEIVE: FOR EACH ACCROL SHARE: 39 PENCE IN
CASH
    * INCREASED OFFER PRICE VALUES ACCROL'S ENTIRE ISSUED AND TO
BE
ISSUED SHARE CAPITAL AT ABOUT £130.8 MILLION AND IMPLIES AN
ENTERPRISE VALUE OF APPROXIMATELY £188.2 MILLION
    * CONSIDERS THE FINANCIAL TERMS OF THE INCREASED AND FINAL
OFFER
TO BE FULL AND FAIR
    * CONFIRMS FINANCIAL TERMS OF INCREASED AND FINAL OFFER,
INCLUDING
INCREASED OFFER PRICE, ARE FINAL AND WILL NOT BE INCREASED
    * THE ACCROL BOARD OF DIRECTORS IS RECOMMENDING THE OFFER
    * ACCROL BOARD OF DIRECTORS HAS CONFIRMED NO FORMAL OR
INFORMAL
PROPOSALS HAVE BEEN RECEIVED REGARDING AN OFFER TO ACQUIRE ALL
ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ACCROL BY ANY
THIRD PARTIES

Source text: https://tinyurl.com/5aynkerw
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Further company coverage:  NVGR.LS 

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