Orco Property Group : OPG PR - Reference to CPI PG Press Release
November 25 2016 - 11:35AM
Press Release
Luxembourg, 25 November 2016
ORCO PROPERTY
GROUP - Reference to press release of CPI PROPERTY GROUP concerning
the postponement of the submission of the final valuation
report.
ORCO PROPERTY GROUP ("ORCO") refers its shareholders to a press release
published on 25 November 2016 by CPI PROPERTY GROUP: "CPI PROPERTY GROUP ANNOUNCEMENT OF A POSTPONEMENT OF THE
SUBMISSION OF THE FINAL VALUATION REPORT TO THE CSSF WITHIN THE
CONTEXT OF THE MANDATORY TAKEOVER BID BY NUKASSO HOLDINGS LIMITED
OVER ANY AND ALL THE ORDINARY SHARES IN ORCO PROPERTY GROUP
S.A", which is copied below in its entirety:
***
"CPI PROPERTY GROUP ANNOUNCEMENT OF A POSTPONEMENT OF THE
SUBMISSION OF THE FINAL VALUATION REPORT TO THE CSSF WITHIN THE
CONTEXT OF THE MANDATORY TAKEOVER BID BY NUKASSO HOLDINGS LIMITED
OVER ANY AND ALL THE ORDINARY SHARES IN ORCO PROPERTY GROUP
S.A.
CPI PROPERTY
GROUP announces on behalf of its wholly owned subsidiary Nukasso
Holdings Limited a postponement of the submission of the final
valuation report to the CSSF elaborated by PricewaterhouseCoopers
société cooperative (Luxembourg) represented by Mr Grégoire Huret as
the independent expert for the determination of the equitable price
to be offered to the shareholders of ORCO Property Group S.A. in
the context of the mandatory takeover bid by Nukasso Holdings
Limited and the persons acting in concert with it over any and all
of the ordinary shares in ORCO Property Group S.A.
CPI PROPERTY GROUP société anonyme hereby announces on behalf of its
wholly owned subsidiary Nukasso Holdings Limited and the persons
acting in concert with it (the "Bidders") that
the draft of final valuation report to be submitted to the
Commission de Surveillance du Secteur
Financier (the "CSSF") by
PricewaterhouseCoopers société cooperative
(Luxembourg) represented by Mr Grégoire Huret as the
independent expert (the "Valuation Expert")
for the determination of the equitable price to be offered to the
shareholders of ORCO Property Group S.A., a public limited
liability company (société anonyme)
incorporated under the laws of Luxembourg and registered with the
Luxembourg Trade and Companies Register (RCS) under number B
44 996 ("ORCO") in the context of the
mandatory takeover bid (the "Mandatory Bid")
over any and all of the ordinary shares of ORCO (the "ORCO Shares") shall be submitted to the CSSF on or by
30 November 2016. This press release is to be read together with
the press release by the Bidder dated 22 September 2016.
The final valuation report for the
determination of the equitable price to be offered to the
shareholders of ORCO was scheduled to be submitted to the CSSF on
or by 7 November 2016. Such submission being postponed due to the
final valuation process, the draft of final valuation report shall
be submitted to the CSSF on or by 30 November 2016.
Upon submission of a final
valuation report to the CSSF, such final valuation report shall be
annexed to the Offer Document to be published, subject to the CSSF
approval of the Offer Document in accordance with the provisions of
the law dated 19 May 2006 as amended.
Any further modification to the
calendar of the Mandatory Bid, if necessary and any modification to
the schedule of the bid will be made public by CPI Property Group
société anonyme and ORCO under the Luxembourg
law of 11 January 2008 on transparency requirements for issuers, as
amended."
***
For more information, visit
www.orcogroup.com
OPG PR - Reference to CPI PG Press
Release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Orco Property Group via Globenewswire
Orchid Island Capital (NYSE:ORC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Orchid Island Capital (NYSE:ORC)
Historical Stock Chart
From Apr 2023 to Apr 2024
