Brief: Vinci Concessions, Eiffage Launch Tender Offer On SMTPC At EUR 27 Per Share

Societe Marseillaise du Tunnel Prado Carenage SA

09/12/2021 07:44

Dec 9 (Reuters) - VINCI SA  SGEF.PA :
    * VINCI CONCESSIONS AND EIFFAGE ANNOUNCED ON WEDNESDAY
ENTERING
INTO AN AGREEMENT RELATING TO A TENDER OFFER AND A CONCERTED
SHAREHOLDERS' AGREEMENT RELATING TO SOCIÉTÉ MARSEILLAISE DU
TUNNEL PRADO CARÉNAGE
    * TENDER OFFER FOR THE SHARES OF SOCIÉTÉ MARSEILLAISE DU
TUNNEL
PRADO CARÉNAGE WILL BE FILED WITH FRENCH AUTORITÉ DES MARCHÉS
FINANCIERS AS SOON AS PRACTICABLE, AT PRICE OF € 27.0 PER SHARE 
    * VINCI CONCESSIONS, EIFFAGE AND THEIR RESPECTIVE
AFFILIATES,
SHAREHOLDERS OF THE COMPANY NOW ACTING IN CONCERT AND HOLD
TOGETHER, 3,864,900 SHARES OF THE COMPANY REPRESENTING THE SAME
NUMBER OF VOTING RIGHTS, I.E. 66.21% OF SHARE CAPITAL AND VOTING
RIGHTS OF THE COMPANY
    * PRICE, WHICH WILL BE PAYABLE EXCLUSIVELY IN CASH,
REPRESENTS A
PREMIUM OF 71% OVER THE CLOSING TRADING PRICE ON 31 MARCH 2021
AND A PREMIUM OF 88% OVER THE VOLUME-WEIGHTED AVERAGE TRADING
PRICES OVER LAST THREE MONTHS PRECEDING 31 MARCH 2021
    * CONTEMPLATED TO FILE DRAFT OFFER WITH AMF AS SOON AS
PRACTICABLE
IN DEC 2021 AND OPEN OFFER IN JANUARY 2022
    * VINCI CONCESSIONS AND EIFFAGE INTEND TO REQUEST TRANSFER
OF THE
COMPANY'S SHARES FROM REGULATED MARKET OF EURONEXT PARIS TO
EURONEXT GROWTH PARIS MULTILATERAL TRADING FACILITY, AS SOON AS
POSSIBLE AFTER COMPLETION OF OFFER
    * FOR 12 MONTHS FOLLOWING AMF’S CONFORMITY DECISION ON
OFFER,
VINCI CONCESSIONS AND EIFFAGE TO CONTINUE BUSINESS AND
DEVELOPMENT OF COMPANY AND DIRECTIONS TAKEN BY COMPANY'S BOARD
OF DIRECTORS AND CURRENT MANAGEMENT, WITHOUT ANY PARTICULAR
IMPACT ON COMPANY'S INDUSTRIAL, COMMERCIAL OR EMPLOYMENT POLICY
    * SHARES PURCHASED IN CONTEXT OF OFFER TO BE ALLOCATED
BETWEEN
VINCI CONCESSIONS AND EIFFAGE FOR EACH TO HOLD THE SAME NUMBER
OF SHARES IN COMPANY UPON COMPLETION OF OFFER
    * THESE ACQUISITIONS WILL BE FINANCED FROM THEIR OWN
RESOURCES

       
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE5g1FlK
 Further company coverage:  SGEF.PA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))