DGAP-News: GAGFAH S.A. / Key word(s): Share Buyback
GAGFAH S.A.: Notification on Final Result of Share Buy-Back Offer
12.10.2011 / 15:25
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PRESS RELEASE
GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand-Duchy of Luxembourg
ISIN: LU0269583422
Frankfurt Stock Exchange, Official Market (Prime Standard)
Shares Tendered for Sale: ISIN: LU0674393680
Notification on Final Result of Share Buy-Back Offer
Under the Share Buy-Back Offer for the acquisition of own shares which has
been published on the website of GAGFAH S.A. at www.gagfah.com on 5
September 2011 an overall number of 20,480,521 shares has been tendered to
GAGFAH S.A. within the price range from EUR 3.50 to EUR 5.00 until the
expiration of the acceptance period on 4 October 2011 (midnight CET).
The Final Purchase Price as determined by the Company upon expiration of
the acceptance period according to section 3.2 of the Offer Document has
been calculated via a modified Dutch Auction process and amounts to EUR
4.95 per share. Shares which have been tendered at a price higher than the
Final Purchase Price will not be accepted for buy-back.
The offer of GAGFAH S.A. related to a maximum purchase value of EUR
75,000,000.00.
The ratio, at which relevant tenders have been accepted is 1 to 1.1929
(rounded). To the extent pro-rata allocation resulted in fractions, those
have been rounded down to the next full number of shares.
As a result 15,150,277 shares will be purchased under the Share Buy-Back
Offer.
Upon settlement of the Share Buy-Back Offer, GAGFAH altogether holds,
taking into account the 3,719,852 shares already held, 18,870,129 own
shares (equivalent to approx. 8.37 % of the outstanding share capital).
Luxembourg, October 12, 2011
Contact:
GAGFAH S.A.
2-4, Rue Beck
L-1222 Luxembourg
Grand Duchy of Luxembourg
info@gagfah.com
Tel: +352 266 366 21
End of Corporate News
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Language: English
Company: GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand Duchy of Luxembourg
Phone: + 352 266 366 1
Fax: + 352 266 366 01
E-mail: info@gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, LU0269583422
WKN: A0LBDT
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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142106 12.10.2011
DGAP-News: GAGFAH S.A.: Notification on Final Result of Share Buy-Back Offer
| Source: EQS Group AG