Brief: Shareholders announce tender offer for 39.92 pct in Redan

Redan SA W Likwidacji

11/05/2016 08:40

May 11 (Reuters) - Redan SA  RDNP.WA  
    * Redan's shareholders, Radoslaw Wisniewski, Piengjai 
Wisniewska and Teresa Wisniewska, together with Redral Sp. z 
o.o. Sp.k. and Ores Sp. z o.o. (offerors) announce tender offer 
for 14,256,263 Redan's shares, said a representative of offerors 
in a statement on Tuesday 
    * The tender price for 14,256,263 shares that represent 
39.92 percent of the share capital in Redan was set for 2.07 
zlotys ($0.53) per one share 
    * The offerors will acquire shares, if the number of shares 
subscribed for represents 10,525,539 votes at Redan's general 
meeting 
    * Following the tender, the offerors plan to reach 100 
percent stake in Redan and take steps to re-materialise Redan's 
shares and withdraw them from trading on the Warsaw Stock 
Exchange (WSE) 
    * The subscription period runs from May 31 to June 29   
 
     
 Source text http://bit.ly/1XkEDYz 
     
 Further company coverage:  RDNP.WA   
    
 
 
 
($1 = 3.8800 zlotys) 
 
 (Gdynia Newsroom) 
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