Brief: Sonaecom To Acquire 58.2 Mln Shares Of Nos For 3.65 Eur/Shr

Sonae SGPS SA

21/07/2023 06:42

July 21 (Reuters) - SONAECOM SGPS SA  SNC.LS :
    * SAID ON THURSDAY IT HAS ENTERED INTO A PURCHASE AND SALE
AGREEMENT TO ACQUIRE FROM SONAE 58.2 MLN SHARES OF NOS
    * IT REPRESENTS 11.3% OF SHARE CAPITAL AND 11.38% OF VOTING
RIGHTS
OF NOS AT PRICE OF 3.65 EUR/SHR FOR TOTAL AMOUNT OF 212.6 MLN
EUROS
    * GIVEN THIS ACQUISITION, SONAECOM HOLDS DIRECTLY 192.5 MLN
SHARES
IN NOS, REPRESENTING AROUND 37.37% OF RESPECTIVE SHARE CAPITAL
AND 37.65% OF VOTING RIGHTS
    * ALTHOUGH SONAECOM EXCEEDED ONE OF THIRD OF VOTING RIGHTS
CORRESPONDING TO SHARE CAPITAL OF NOS, IT DOES NOT RESULT IN ANY
MATERIAL CHANGE IN  VOTING RIGHTS INHERENT TO THE SHARES
    * SONAECOM WILL REQUEST THAT SECURITIES MARKET COMMISSION
DECLARES
THAT LAUNCH OF A PUBLIC TAKEOVER BID FOR NOS EQUITIES IS NOT
REQUIRED

        
 Source text: https://tinyurl.com/33jc4rra
 Further company coverage:  SNC.LS  

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