Brief: CPI Property Publishes Final Results Of Bid On Nova RE Shares

Next Re SIIQ SpA

14/01/2021 07:20

Jan 14(Reuters) - CPI PROPERTY GROUP SA  O5G.DE :
    * PUBLISHED ON WEDNESDAY FINAL RESULTS OF BID ON NOVA RE
SHARES
    * AT THE END OF THE OFFER PERIOD 8,887,209 ORDINARY SHARES
OF NOVA
RE HAVE BEEN TENDERED
    * TENDERED SHARES CORRESPOND TO AROUND 40.35% OF NOVA RE
SHARE
CAPITAL AND AROUND 80.98% OF SHARES OF NOVA RE SUBJECT TO OFFER
    * CONSIDERATION OF EURO 2.36 FOR EACH ORDINARY SHARE AND EUR
20.97
MILLION IN TOTAL
    * AFTER DATE OF PAYMENT, CPI PROPERTY WILL HOLD AROUND 19.9
MILLION ORDINARY SHARES OF NOVA RE, OR ABOUT 90.35% OF ITS SHARE
CAPITAL
    * PAYMENT OF CONSIDERATION WILL BE MADE IN CASH

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL9rD0HJ
      
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