Brief: SAES Getters To Launch Voluntary Partial Tender Offer On Up To 3.9 Mln Of Its Shares

Saes Getters SpA

15/02/2019 07:24

Feb 15 (Reuters) - SAES Getters SpA  SAEI.MI :
    * SAID ON THURSDAY THAT BOARD OF DIRECTORS APPROVED
GUIDELINES OF
VOLUNTARY PARTIAL TENDER OFFER ON CO'S ORDINARY TREASURY SHARES 
    * VOLUNTARY PARTIAL TENDER OFFER CONCERNS UP TO 3.9 MILLION
ORDINARY TREASURY SHARES AT THE PRICE OF EUR 23 PER SHARES
(AFTER 2018 DIVIDEND)
    * PRICE INCLUDES PREMIUM OF 8.4 PCT TO PRICE OF COMPANY'S
ORDINARY
SHARES RECORDED ON FEB. 13
    * VOLUNTARY PARTIAL TENDER OFFER OF EUR 89.7 MILLION TO BE
SUBMITTED TO FOR APPROVAL TO CO'S SHAREHOLDERS
    * DOES NOT CURRENTLY HOLD ANY TREASURY SHARES AND THE
ORDINARY
SHARES
    * SHARES OFFERED CORRESPOND TO 17.7 PCT OF TOTAL SHARES AND
TO
26.6 PCT OF ORDINARY SHARES
    * SAID PLANS TO USE FINANCIAL RESOURCES FROM A
MEDIUM/LONG-TERM
LOAN BEING FINALISED WITH BANK FOR PAYMENTS UNDER OFFER
    * INTENDS TO KEEP THE TREASURY SHARES PURCHASED FOLLOWING
THE
OFFER IN THE PORTFOLIO, WILL NOT ASKED SHAREHOLDERS TO AUTHORISE
DISPOSAL OF THE TREASURY SHARES PURCHASED
    * BOD TO PROPOSE DISTRIBUTION OF FY DIVIDEND SUBSTANTIALLY
IN LINE
WITH THAT DISTRIBUTED LAST YEAR
    * SAID PAYMENT OF THE DIVIDENDS RELATING TO 2018 WILL BE
MADE
PRIOR TO THE CONCLUSION OF THE OFFER AND THE OFFER MAY BE
FINALISED BY JUNE
    * OFFER IS SUBJECT TO THE APPROVAL OF THE SHAREHOLDERS’
MEETINGS 
TO BE HELD ON MARCH 18 AND APRIL 18

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1qL4wC
    
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