Delisting Announcement • Mar 29, 2016
Delisting Announcement
Open in ViewerOpens in native device viewer
publication: 29.03.2016 08:55 source: http://adhoc.pressetext.com/news/1459234500671 keywords: CROSS Industries AG / Voluntary public takeover offer / Delisting
Adhoc announcement according to article 48d section 1 BörseG
Wels (pta008/29.03.2016/08:55) - * CROSS Industries AG submits a voluntary public takeover offer in the course of the delisting of
the shares of WP AG
CROSS Industries AG, the majority shareholder of WP AG, today has requested an integration of the agenda for the upcoming annual shareholders meeting of WP AG taking place on 21 April 2016 in order to authorize the board of directors of to announce the withdrawal of its shares from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange.
The shares of WP AG are traded on the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. CROSS Industries AG announces its intention to submit a voluntary public takeover offer pursuant to Sections 4 et seq. Austrian Takeover Act to all shareholders of WP AG as accompanying measure to the delisting of the shares of WP AG from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. CROSS Industries AG already owns 99.71% of the share capital and voting rights of WP AG.
The offer price will amount to EUR 18 per share of WP AG and is therefore approximately 20.24% above the average volume weighted six months stock exchange price of the WP-shares on the Vienna Stock Exchange as of 24 March 2016 (this is the last trading day on the Vienna Stock Exchange before the announcement of the intention to propose the tender offer). The offer is subject to the condition that WP AG files a notice to the Vienna Stock exchange to withdraw its shares from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange.
This ad-hoc release does neither constitute an offer to purchase nor an intimation to submit a proposal for the acquisition of securities of WP AG.
| emitter: | CROSS Industries AG Edisonstraße 1 4600 Wels Austria |
|---|---|
| contact person: | Mag. Michaela Friepeß |
| phone: | +43 7242 69402 |
| e-mail: | [email protected] |
| website: | www.crossindustries.at |
| ISIN(s): | AT0000500913 (bond), AT0000820659 (share), AT0000A0WQ66 (bond) |
| stock exchanges: | official trade in Vienna; open market (free market) in Frankfurt |
News transmitted by pressetext.adhoc. The emitter is responsible for the content.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.