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Brief: Pepco Group Completes EUR 400 Million Share Buyback

BRIEF-Pepco Group Completes EUR 400 Million Share Buyback

- 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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