Brief: Westag & Getalit AG: Management Board Approves New Strategic Direction Of The Company

Westag AG

19/02/2020 08:10

Feb 19 (Reuters) - Westag & Getalit AG  WUGG.F :
    * WESTAG & GETALIT AG - MANAGEMENT BOARD APPROVED THE NEW STRATEGIC DIRECTION OF THE COMPANY
WITH
THE APPROVAL OF THE SUPERVISORY BOARD
    * WESTAG & GETALIT AG - NEW STRATEGIC DIRECTION IS EXPECTED TO GENERATE SALES OF EUR 300
MILLION
AND EBITDA MARGIN OF 10% -12% IN THE MEDIUM TERM
    * WESTAG & GETALIT AG - NEW STRATEGIC DIRECTION IS EXPECTED TO GENERATE SALES OF EUR 300
MILLION
AND AN EBITDA MARGIN OF 10% -12% IN THE MEDIUM TERM.
    * WESTAG & GETALIT AG - VOLUNTARY PUBLIC PURCHASE OFFER IS MADE TO ALL PREFERENCE
SHAREHOLDERS,
WHICH IS LIMITED TO PURCHASE OF UP TO 170,427 PREFERENCE SHARES WITH ARITHMETICAL SHARE IN SHARE
CAPITAL OF EUR 2.56 PER SHARE
    * WESTAG & GETALIT AG - OFFER PRICE IS EUR 25.20 PER PREFERENCE SHARE
    * WESTAG & GETALIT AG - ACCEPTANCE PERIOD RUNS FROM FEBRUARY 24 TO MARCH 13

Source text for Eikon:  ID:nPexyj46qa 
Further company coverage:  WUGG.F 

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