Brief: Séché Environnement : ICM SA To Sell Block Of Séché Environnement Shares To Groupe Séché SAS

Seche Environnement SA

24/09/2020 08:20

Sept 24 (Reuters) - SECHE ENVIRONNEMENT SA  CCHE.PA :
    * ANNOUNCED ON WEDNESDAY THAT ICM SA IS SELLER OF A BLOCK OF
SÉCHÉ
ENVIRONNEMENT SHARES TO GROUPE SÉCHÉ SAS
    * AS A RESULT, GROUPE SÉCHÉ HOLDS TWO UNILATERAL PROMISES OF
SALE
SIGNED ON SEPTEMBER 15, 2020
    * ACCORDING TO THESE PROMISES, ICM IRREVOCABLY UNDERTAKES TO
SELL
784,407 SHARES, REPRESENTING 9.98% OF SÉCHÉ ENVIRONNEMENT’S
CAPITAL AND 6.94% OF ITS VOTING RIGHTS TO GROUPE SÉCHÉ, AT A
UNIT PRICE OF €44.00 PER SHARE
    * IF GROUPE SÉCHÉ SO REQUESTS AND UNDER THE FOLLOWING
CONDITIONS:
    * FOR 220,000 SHARES, AT ANY TIME, AS OF SEPTEMBER 15, 2020
AND UP
UNTIL SEPTEMBER 15, 2023, AT THE LATEST
    * FOR 564,407 SHARES, AT ANY TIME, AS OF DECEMBER 23, 2020
AND UP
UNTIL SEPTEMBER 15, 2023, AT THE LATEST
    * GROUPE SÉCHÉ SAS HOLDS A 59.04% STAKE IN SÉCHÉ
ENVIRONNEMENT’S
SHARE CAPITAL AND 71.34% OF ITS VOTING RIGHTS, BASED ON THE
EXISTING SHARE CAPITAL AND VOTING RIGHTS ON JULY 31, 2020

Source text for Eikon:  ID:nBw5vjWmDa 
Further company coverage:  CCHE.PA 

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