Regulatory News:
Following the acquisition of Eurosic’s blocks of securities
on August 29, 2017, Gecina (Paris:GFC) was holding close to 85% of
the capital of Eurosic on a diluted basis. The release of the
results of the simplified alternative public tender and exchange
offer filed by Gecina on September 19, 2017 (the “Offer”) indicates
that Gecina’s holding reach 99.75% as of today. This achievement
favors the finalization of the acquisition of Eurosic through the
implementation of the squeeze-out and delisting by the end of
October. These last steps will promote the integration process of
Eurosic.
Gecina and Eurosic announce that on October 17, 2017, the French
Market Authority (Autorité des marchés financiers (AMF)) published
a notice releasing the final results of the Offer and stated that
8,957,495 shares and 364,852 obligations subordonnées remboursables
en actions (OSRA) were tendered in the Offer, representing in total
14.40%1 of the diluted capital of Eurosic.
Among the 9,322,347 shares and OSRA tendered in the Offer,
81.30% were tendered in the exchange offer, the remaining balance
in the cash offer.
As a result, Gecina now holds 47,079,603 shares, that is 99.67%2
of the share capital of Eurosic, and 17,491,754 OSRA Eurosic,
representing in total 99.75% of the diluted capital1.
As previously announced, Gecina will implement a squeeze-out and
delisting to allow for the transfer of shares and OSRA of Eurosic
not already owned by Gecina in exchange for a compensation equal to
the price offered in the Offer.
In this regard, a request was made to Euronext Paris to suspend
the trading of the shares and OSRA of Eurosic after market closing
on October 16, 2017.
The information document prepared by Gecina
relating to the simplified alternative public tender and exchange
offer which was granted the AMF visa n°17-502 on September 19,
2017, as well as information regarding the characteristics, in
particular the legal, financial and accounting characteristics, of
Gecina are available on the website of the AMF (www.amf-france.org)
and on the website of Gecina (www.gecina.fr). These documents are
also available free of charge at:
Gecina
14-16, rue des Capucines
75002 Paris
France
Deutsche Bank AG,
Succursale de Paris
23-25, avenue Franklin Roosevelt
75008 Paris
France
Natixis
47 quai d’Austerlitz
75013 Paris
France
The document in response prepared by Eurosic
which was granted the AMF visa n°17-503 on September 19, 2017, as
well as information regarding the characteristics, in particular
the legal, financial and accounting characteristics, of Eurosic are
available on the website of the AMF (www.amf-france.org) and on the
website of Eurosic (www.eurosic.fr). These documents are also
available free of charge at:
Eurosic1, rue de Euler75008 Paris
Gecina, living the city in a different way
Gecina owns, manages and develops property holdings worth 19.5
billion euros at end-August 2017, with nearly 92% located in the
Paris Region. The Group is building its business around France’s
leading office portfolio and a diversification division with
residential assets and student residences. Gecina has put
sustainable innovation at the heart of its strategy to create
value, anticipate its customers' expectations and invest while
respecting the environment, thanks to the dedication and expertise
of its staff.
Gecina is a French real estate investment trust (SIIC) listed on
Euronext Paris, and is part of the SBF 120, Euronext 100,
FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and
Vigeo indices. In line with its community commitments, Gecina has
created a company foundation, which is focused on protecting the
environment and supporting all forms of disability.
www.gecina.fr
Disclaimers
This press release has been prepared for information purposes
only. It does not constitute an offer to purchase, to sell, or
exchange, or the solicitation of an offer to purchase, to sell or
exchange, securities of Eurosic or Gecina.
The transmission, publication and distribution of this press
release may be restricted by law in certain jurisdictions. Any
person having the press release at its disposal and located in such
jurisdictions shall take notice of and conform to the legal
restrictions in effect.
The press release does not constitute an offer to sell or
purchase, or a solicitation of any offer to purchase or to
subscribe for, any securities of Eurosic or Gecina in the Unites
States of America. Securities may not be offered, subscribed or
sold in the United States of America absent registration under the
U.S. Securities Act of 1933, as amended (the “U.S. Securities
Act”), except pursuant to an exemption from the registration
requirements thereof. The securities of Eurosic and Gecina have not
been and will not be registered under the U.S. Securities Act and
Eurosic or Gecina does not intend to make a public offer of its
securities in the Unites States of America.
Each of Eurosic, Gecina, their respective shareholders, counsels
or representatives will not bear any liability for any use by any
person of this press release and the information it contains, or
more generally in relation with this press release.
1 Eurosic share capital post dilution from OSRAs and excluding
treasury shares2 Eurosic share capital excluding treasury
shares
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171017005725/en/
GECINAFinancial communicationsSamuel
Henry-Diesbach, Tel: +33 (0)1 40 40 52
22samuelhenry-diesbach@gecina.frorVirginie Sterling, Tel: +33 (0)1
40 40 62 48virginiesterling@gecina.frorPress
relationsBrigitte Cachon, Tel: +33 (0)1 40 40 62
45brigittecachon@gecina.frorThérésa Vu, Tel: +33 (0)1 44 82 46
13theresa.vu@consultants.publicis.fr
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