Brief: Pepco Group Completes EUR 400 Million Share Buyback
BRIEF-Pepco Group Completes EUR 400 Million Share Buyback Aug 14 (Reuters) - Pepco Group NV PCOP.WA:
SAID ON THURSDAY IT ANNOUNCED RESULTS OF EUR 400 MLN PRO-RATA TENDER BUYBACK IT HAD LAUNCHED ON JULY 28
SHAREHOLDERS TENDERED 442.6 MLN SHARES, TO ACQUIRE 36.46 MLN SHARES AT FIXED PRICE OF 47.52 ZLOTYS PER SHARE
AVERAGE REDUCTION RATE OF OFFERS REACHED 91.76%
MAJORITY SHAREHOLDER OBEX INVESTMENTS TENDERED ABOUT 360 MLN SHARES, OF WHICH 29.55 MLN WERE ACCEPTED
SETTLEMENT OF BUYBACK SCHEDULED FOR AUG. 17 WITH REPURCHASED SHARES INTENDED TO BE CANCELLED
Source text: nEM5khdzma
Further company coverage: PCOP.WA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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