Brief: SII Goes On To Implement Squeeze-Out Of SII Shares

Societe Pour l Informatique Industrielle SA

26/02/2024 13:21

Feb 26 (Reuters) - Societe Pour l'Informatique
Industrielle SA  IISP.PA :
    * SII GOES ON AND THE MEMBERS OF THE CONCERT CROSS THE
THRESHOLDS
OF 90% OF THE CAPITAL AND VOTING RIGHTS OF SII ALLOWING THE
IMPLEMENTATION OF A SQUEEZE-OUT
    * FOLLOWING THIS OFFER, SII GOES ON HELD 90.38% OF THE
COMPANY'S
SHARE CAPITAL AND VOTING RIGHTS, AND IN CONCERT, 90.54% OF SHARE
CAPITAL AND VOTING RIGHTS
    * THE SQUEEZE-OUT WILL BE SUBJECT TO THE SAME FINANCIAL
CONDITIONS
AS THE OFFER, I.E. 70.00 EUROS PER SII SHARE
    * SII GOES ON WILL SHORTLY SUBMIT A REQUEST FOR
IMPLEMENTATION OF
THE SQUEEZE-OUT PROCEDURE TO THE AMF, AS STATED IN THE OFFER
DOCUMENT
    * SHARE PRICE HAS BEEN SUSPENDED SINCE FEBRUARY 26, 2024,
PENDING
IMPLEMENTATION OF THE SQUEEZE-OUT

Source text for Eikon:  ID:nGNE6hrNsV 
Further company coverage:  IISP.PA 

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