Brief: S Immo Management Board, Supervisory Board Recommend To Accept CPI Property Takeover Offer

S IMMO AG

01/08/2022 15:11

Aug 1 (Reuters) - S IMMO AG  SIAG.VI :
    * MANAGEMENT BOARD AND SUPERVISORY BOARD RECOMMEND TO ACCEPT
TAKEOVER OFFER OF CPI PROPERTY GROUP S.A.
    * MANAGEMENT BOARD OF S IMMO AG ("COMPANY") HAS ISSUED ITS
DETAILED REASONED STATEMENT ON MANDATORY TAKEOVER OFFER OF CPI
PROPERTY GROUP S.A.
    * AFTER CAREFUL ANALYSIS AND CONSIDERATION, MANAGEMENT BOARD
AND
SUPERVISORY BOARD CONSIDER CONSIDERATION OFFERED BY CPI IN
AMOUNT OF EUR 23.50 PER SHARE CUM-DIVIDEND FOR FINANCIAL YEAR
2021 (I.E. CURRENTLY AMOUNTING TO EUR 22.85 AS A RESULT OF
DIVIDEND OF EUR 0.65 PER SHARE FOR FINANCIAL YEAR 2021 PAID ON
13 JUNE 2022) TO BE FAIR AND APPROPRIATE

Further company coverage:  SIAG.VI 

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