Compagnie de Saint-Gobain

Regulatory Filings • Jul 11, 1996

News Details

Ad-hoc | 11 July 1996 00:00

Ad hoc-Service: Compagnie de Saint-Gobain

—————————————————————— Ad hoc-Service: Compagnie de Saint-Gobain Mitteilung gemäß Paragraph 15 WpHG übermittelt von der DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— SAINT-GOBAIN SIMPLIFIED TENDER OFFER ON POLIET SHARES AND BONDS REDEEMABLE THROUGH SHARES AT FRF 555 FROM JULY 11 TO JULY 24 1996 INCLUDED In compliance with the agreement released last May 7, and further to the fulfilment of the suspensive conditions (authorisation from the European Union Commission and from the French Tax Administration), Compagnie de Saint-Gobain will buy from Compagnie Financiere de Paribas, on Thursday July 1, 4.7% of Poliet’s share capital at FRF 555 per share and 40,430 Poliet bonds redeemable through shares (ORA) at FRF 555 per ORA. At the same time, Gompagnie de Saint-Gobain will launch a simplified tender offer which guarantees a share price of FRF 555 for each Poliet share (ex-dividend for the 1995 fiscal year) and ORA (cum 1996 interest). The shares that will be acquired through this tender offer will be payable and delivered on July 31,1996. The payment and the delivery of the ORAs acquired through this tender offer will take place three trading days after each negociation. July 9,1996 Investor Relations De Ende der Mitteilung