(Finance) – Indel Ba company listed on Euronext Milan and active in the mobile refrigeration sector applicable to the automotive and leisure sectors, has decided to promote a public takeover offer (OPA) partial voluntary below the threshold on a maximum of 315,000 ordinary shares, equal to 5.39% of the capital company, at the price of 25 euros per share and for a maximum value of 7,875,000 euros. The consideration incorporates a premium of 14.93% compared to the price of 6 June 2024 (21.75 euros).
As of today, Indel B holds 231,537 treasury shares, equivalent to 3.96% of the entire share capital.
By promoting the offer, Indel B intends to pursue the objectives: implement share incentive plans; equip itself with a portfolio of own shares which it can use as compensation in the context of any extraordinary finance operations; be able to use one’s shares as an investment object for an efficient use of the liquidity generated by the core activity; intervene, in compliance with current provisions, also through intermediaries, to contain anomalous movements in prices.
The period of acceptance of the OPA will have a duration of 15 days of open stock exchange, from 10 June 2024 to 28 June 2024, subject to any extensions.