Brief: UNIQA: STRABAG's Core Shareholders Agree On New Syndicate, Will Make Mandatory Offer With Strabag Participation

UNIQA Insurance AG

18/08/2022 14:43

Aug 18 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :

    * UNIQA, RAIFFEISEN HOLDING AND HASELSTEINER
FAMILIEN-PRIVATSTIFTUNG AGREE TO FORM NEW SYNDICATE AND WILL
MAKE A MANDATORY OFFER WITH THE PARTICIPATION OF STRABAG SE
    * NEW SYNDICATE AGREEMENT AIMS TO MAINTAIN EXISTING
CONTROLLING
HOLDING IN STRABAG SE
    * CORE SHAREHOLDERS WILL, AS BIDDERS, MAKE AN (ANTICIPATORY)
PUBLIC MANDATORY OFFER OF ALL OUTSTANDING NO-PAR BEARER SHARES
IN STRABAG SE THAT ARE NOT OWNED BY BIDDERS OR BY LEGAL ENTITIES
ACTING IN CONJUNCTION WITH BIDDERS
    * OFFER PRICE OF EUR 38.94 PER STRABAG SHARE
    * OFFER PRICE CORRESPONDS TO AVERAGE MARKET PRICE FOR
STRABAG
SHARES WEIGHTED ACCORDING TO RESPECTIVE TRADING VOLUMES OVER
LAST SIX MONTHS UP TO AND INCLUDING 17 AUGUST 2022
    * OFFER WILL NOT APPLY TO 28,500,001 STRABAG SHARES HELD BY
MKAO
RASPERIA TRADING LIMITED
    * IF, DURING OFFER PERIOD, RASPERIA OBTAINS RIGHT TO TRADE
ITS
SHAREHOLDING IN STRABAG, THIS WILL RESULT IN WITHDRAWAL OF OFFER
    * WITHDRAWAL OF OFFER WOULD BE SUCH THAT NEITHER OFFER NOR
ANY
DECLARATIONS OF ACCEPTANCE FROM SHAREHOLDERS WILL BE LEGALLY
EFFECTIVE
    * IN CASE OF WITHDRAWAL OF OFFER ALSO SYNDICATE AGREEMENT
WILL NOT
BE EFFECTIVE
    * BIDDERS CURRENTLY CONTROL A TOTAL OF 59,281,132 ORDINARY
SHARES,
CONSTITUTING APPROXIMATELY 57.78% OF SHARE CAPITAL OF STRABAG SE
    * OFFER WILL THEREFORE AIM TO ACQUIRE NOT MORE THAN
14,818,867
SHARES, CONSTITUTING APPROXIMATELY 14.44% OF SHARE CAPITAL OF
STRABAG
    * STRABAG SE IS PARTICIPATING IN OFFER
    * STRABAG HAS AGREED WITH BIDDERS TO ACQUIRE UP TO
10,260,000 OF
SHARES INCLUDED IN OFFER, COMPRISING NOT MORE THAN 10% OF SHARE
CAPITAL
    * STRABAG TO ACQUIRE SHARES AT SAME PRICE AS OFFER PRICE
(EUR
38.94), AS OWN SHARES
    * WITH AN ACCEPTANCE RATE OF 100% UNIQA WOULD ACQUIRE
1,139,717
ADDITIONAL STRABAG SHARES

Source text for Eikon:  ID:nEQ5TXx4Xa 
Further company coverage:  UNIQ.VI 

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