Brief: Sonae Says Period Of Tender Offer For Musti Expired On Feb 15

Sonae SGPS SA

19/02/2024 06:23

Feb 19 (Reuters) - Sonae SGPS SA  YSO.LS :
    * SAID ON FRIDAY VOLUNTARY PUBLIC TENDER OFFER PERIOD FOR
ALL
MUSTI GROUP PLC OUTSTANDING SHARES, LAUNCHED BY FLYBIRD HOLDING
OY, A SONAE SUBSIDIARY, EXPIRED ON FEB 15
    * BASED ON PRELIMINARY RESULT OF OFFER RECEIVED ON FRIDAY,
TOTAL
ACCEPTANCES OF OFFER TOGETHER WITH SHARES ACQUIRED OR HELD BY
OFFEROR REPRESENT ABOUT 42.96% OF ALL SHARES AND VOTING RIGHTS
IN COMPANY CALCULATED ON FULLY DILUTED BASIS
    * CONSEQUENTLY, OFFEROR DECIDED TO WAIVE MINIMUM ACCEPTANCE
CONDITION TO REACH MORE THAN 90% OF SHARES AND VOTING RIGHTS IN
COMPANY 
    * OFFEROR ALSO DECIDED TO COMPLETE OFFER IN ACCORDANCE WITH
ITS
TERMS AND CONDITIONS AND COMMENCE SUBSEQUENT OFFER PERIOD
PROVIDED THAT FINAL RESULT OF OFFER, TO BE KNOWN ON FEB 20,
CONFIRMS SHARES TENDERED DURING OFFER PERIOD TOGETHER WITH
SHARES ACQUIRED OR HELD BY OFFEROR, REPRESENT MORE THAN 40% OF
SHARES AND VOTING RIGHTS IN COMPANY, CALCULATED ON FULLY DILUTED
BASIS
    * SUBSEQUENT PERIOD IS EXPECTED TO START ON FEB 21 AND IS
SET TO
EXPIRE ON MARCH 6, TO ALLOW MUSTI SHAREHOLDERS THAT HAVE NOT
TENDERED THEIR SHARES DURING OFFER PERIOD TO BE ABLE TO DO SO
THROUGHOUT SUBSEQUENT PERIOD

        
 Source text: http://tinyurl.com/mufmh2ep;[nL8N3EN0PQ];
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