Public offer for EGL shares is a success
EGL GAS & POWER ROMANIA S.A. - 18 August 2011
According to the definitive interim result as of the expiry of the offer deadline on 12 August, Axpo now controls 99.2% of the voting rights and share capital of EGL. Axpo therefore declares the tender offer to be successful.
On 27 June 2011, Axpo Holding AG announced its public offer for all bearer shares with a par value of CHF 50 of EGL AG, Laufenburg, still held by the public. On 18 August 2011, Axpo announced the definitive interim result following the expiry of the offer deadline.
According to this definitive interim result, a total of 216,114 shares in EGL AG were tendered and purchased before the expiry of the offer deadline on 12 August 2011. This results in a total shareholding of 99.2% of the voting rights and share capital of EGL AG, including the shares already owned by Axpo before the announcement of the offer (2,402,399 shares representing 91.0% of the voting rights and share capital).
Axpo has declared the offer to be successful subject to provision a, paragraph B.7. of the offer prospectus. Details in this regard are available in the announcement of the definitive interim result on the Axpo website.
The supplementary period during which the public offer may still be accepted starts on 19 August and expires on 1 September 2011 at 16:00 (10 trading days). As detailed in the offer prospectus, Axpo intends to delist the EGL shares in due time after the expiry of the offer.
***
EGL is a European energy trading company with its own assets. EGL is a leader in proprietary trading, in the sale of standardised products, and in the development of structured products and innovative services for customers. EGL is accredited to trade on all the major European energy exchanges and listed on the SIX Swiss Exchange. Its head office is in Dietikon near Zurich (Switzerland). It also has a local presence in many parts of Europe through its more than twenty subsidiaries.
Tags: offer
shares
public
DTZ Fair Value Index reveals Europe now offers more prime property investment opportunities
facebook
twitter
linkedin
youtube
rss
newsletter