(Telestock) – Varas (Vitol) announces the Final results of the takeover bid promoted on shares Saraswhich allowed the Offeror to hold a total 906,163,630 Sharesequal to approximately 95.285% of the share capital.
At the end of the period of Reopening of Termsin fact, they result brought into adhesion 41,587,367 Shares, equal to approximately 4.372% of the share capital of Saras and approximately 8.02% of the Shares Subject to the Offerfor a total value (calculated on the basis of the Consideration) equal to 66,525,387.2 euros. Taking into account the 864,585,263 Saras ordinary shares already held by the Offeror as of today (equal to 90.91% of the Issuer’s share capital), following the Reopening of the Terms the Offeror will come to hold a total of 906,163,630 Shares, equal to approximately 95.285% of the Issuer’s share capital.
The Offer Price is equal to 1.6 euros, due to the holders of the Shares tendered during the Reopening of the Terms, will be paid in cash to those adhering to the Offer on the payment date, dated September 6, 2024.
In light of the above, the conditions for the exercise are met of the Right to Purchase the Residual SharesThe Joint Procedure will take place dated September 11, 2024. The holders of the Residual Shares will have the right to obtain payment of the amount due to them for the Joint Procedure directly from their respective intermediaries.
Borsa Italiana will provide that the Saras ordinary shares will be suspended from trading on Euronext Milan in the sessions of 9 and 10 September 2024 and revoked from listing starting from the session ofSeptember 11, 2024.
(Photo: Piotr Trojanowski / 123RF)