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Invel Real Estate reaches 87.01% after the Public Offer | TheGreekDeal.com
Prodea
Invel Real Estate reaches 87.01% after the Public Offer
The ownership stake of Invel Real Estate in Prodea stands at 87.01% following the Public Offer, according to the company's announcement.
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Prodea

The ownership stake of Invel Real Estate in Prodea stands at 87.01% following the Public Offer, according to the company's announcement.

In detail, the announcement states:

  1. According to Article 23 of Law 3461/2006 (hereinafter referred to as the "Law"), "INVEL REAL ESTATE (NETHERLANDS) II BV" (hereinafter referred to as the "Offeror") announces the results of the mandatory public offer (hereinafter referred to as the "Public Offer"), submitted by the Offeror on 11.10.2023 to the shareholders of the Greek anonymous company specializing in real estate investments under the name "PRONTEA ANONYMI ETAIRIA Ependyseon SE AKINITI PERIOUSIA" (hereinafter referred to as the "Company"), for the acquisition of all common nominative, non-material, with voting rights shares with a nominal value of 2.71 euros each (hereinafter referred to as the "Shares"), which the Offeror and the Persons Acting in Concert with the Offeror did not hold on the date when the Offeror became obliged to submit a public offer according to Article 7, paragraph 1 of the Law (hereinafter referred to as the "Date of Creation of the Obligation to Submit a Public Offer"), namely 33,205,755 Shares, representing approximately 13% of the total paid-up share capital and voting rights of the Company, in exchange for 7.50 Euros per Share in cash (hereinafter referred to as the "Offer Price").

The words and phrases as well as the combination of words and phrases in initial capital letters, the definition of which is given in the Information Memorandum prepared by the Offeror, approved by the Board of Directors of the Hellenic Capital Market Commission (hereinafter referred to as the "HCMC") on 20.11.2023 and published in accordance with the Law, will have the same meaning when used in this announcement, unless defined differently herein or unless the context otherwise requires.

  1. The Acceptance Period commenced on 21.11.2023 and concluded on 18.12.2023. During the Acceptance Period, 49 Shareholders validly and effectively accepted the Public Offer (hereinafter referred to as the "Accepted Shareholders"), offering a total of 16,201 Shares, representing approximately 0.006% of the total paid-up share capital and voting rights of the Company (hereinafter referred to as the "Offered Shares").

Therefore, upon completion of the off-exchange transfer of the Offered Shares, the Offeror and the Persons Acting in Concert with the Offeror will directly and indirectly hold a total of 222,304,980 Shares and voting rights, corresponding to approximately 87.01% of the total paid-up share capital and voting rights of the Company.

 

 

 

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