(Teleborsa) – Marbles announced the increase in the consideration for the takeover bid launched on Retelit and one reduction of the minimum threshold for joining the offer, after having announced last Friday the extension of the offer by one week until Friday 17 September 2021.
The price for the public offering has been retouched at 3 euros per share from 2, .85 euros, while the condition sminimum oglia of “non-renounceable” membership was reduced from 66.67% of the share capital indicated above 50% of the share capital plus 1 share.
If the bidder, together with the persons acting in concert, comes to hold a direct and / or indirect shareholding in Retelit equal to at least 66.67% of the share capital will be recognized to supplement the new consideration, a additional consideration of € 0.10 per share tendered, bringing the total consideration to € 3.10.
The new Consideration of 3 euros incorporates a premium equal to 16.6% compared to the official price of the shares as of May 28, 2021, the last trading day prior to the announcement of the takeover bid and 37.2% compared to the average arithmetic, weighted by the volumes traded, of the official prices recorded by the shares in the twelve months preceding the announcement date. On the other hand, the increased consideration of € 3.10 would incorporate a premium equal to 20.4% compared to the official price of the shares as of May 28, 2021 and equal to 41.7% compared to the arithmetic average, weighted for the volumes traded, of the prices. officers registered by the Shares in the twelve months preceding the announcement date.
Considering the new consideration and the additional consideration and assuming that all the 117,041,550 shares subject to the offer, including the Treasury Shares, are tendered to the Offer and therefore that the 66.67% Threshold is reached, the maximum value of the ‘Offer would be equal to 362,828,805 euros.