Silmäasema Oyj: Coronaria Oy Announces the Final Amount of Acceptances as of November 14, 2019 in the Public Tender Offer for All Shares Issued by Silmäasema Oyj – Subsequent Offer Period Continues
Silmäasema Oyj: Coronaria Oy Announces the Final Amount of Acceptances as of November 14, 2019 in the Public Tender Offer for All Shares Issued by Silmäasema Oyj – Subsequent Offer Period ContinuesSilmäasema Oyj
Stock Exchange Release
18 November at 6:30 p.m. EETCoronaria Oy (“Coronaria” or the “Offeror”) has on September 5, 2019 commenced a mandatory public tender offer to purchase all of the issued and outstanding shares in Silmäasema Oyj (“Silmäasema”) that are not held by the Offeror, Silmäasema or any of its subsidiaries (the “Tender Offer”). The subsequent offer period under the Tender Offer (the “Subsequent Offer Period”) commenced on October 2, 2019 at 9:30 a.m. (Finnish time) and expires on November 21, 2019 at 4:00 p.m. (Finnish time).Based on final information, the shares tendered during the Subsequent Offer Period as of November 14, 2019 represent approximately 5.07% of all the issued and outstanding shares and votes in Silmäasema. When the settlement trades for the shares tendered as of November 14, 2019 are completed on November 19, 2019, the shares represent, together with the shares tendered during the initial offer period and otherwise acquired by the Offeror through market purchases, approximately 90.59% of all the issued and outstanding shares and votes in Silmäasema in aggregate.It is the Offeror’s intention to acquire all the shares in Silmäasema and to cause Silmäasema to apply for delisting of its shares from Nasdaq Helsinki Ltd. As the Offeror’s ownership in Silmäasema will exceed 90% of all the shares and voting rights in Silmäasema after the settlement of the shares tendered in the Tender Offer, the Offeror intends to initiate compulsory redemption proceedings for the remaining Silmäasema shares under the Finnish Companies Act.The offer consideration for the shares validly tendered during the Subsequent Offer Period up to November 14, 2019 will be paid to the shareholders on or about November 20, 2019 in accordance with the payment procedures described in the terms and conditions of the Tender Offer. The actual time of receipt of the payment by tendering shareholders will depend on the time required to process the onward payment by financial institutions.As announced on November 7, 2019, the Subsequent Offer Period continues and expires on November 21, 2019. During the Subsequent Offer Period, the Tender Offer can be accepted in accordance with the acceptance procedure described in the terms and conditions of the Tender Offer. All acceptances will be binding and cannot be withdrawn. Further instructions can be obtained from Evli Bank Plc by sending email to email@example.com.The Offeror may purchase shares in Silmäasema during or after the Subsequent Offer Period also in public trading on Nasdaq Helsinki Ltd or otherwise outside the Tender Offer.Silmäasema’s operations will continue as normal and the transaction has no impact on our customers.THIS RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN OFFER OR INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS RELEASE IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN, AND IS NOT AN EXTENSION OF THE TENDER OFFER, IN OR INTO, THE UNITED STATES CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. OFFERS WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER AN OFFER OR PARTICIPATION THEREIN IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER OFFER DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO THOSE UNDERTAKEN IN FINLAND.