The FCMC allows JSC “AB City” to make a mandatory share repurchase offer for JSC “Olainfarm”

Content will continue after the ad

Advertising

–

The price of one share in the mandatory share repurchase offer is set at 9.26 euros.

The repurchase price per share is determined in accordance with the method specified in the Financial Instruments Market Law, which provides for the determination of the price of one repurchased share by dividing the net assets of the target company by the number of issued shares. Net assets are calculated by deducting from the total assets the own shares and liabilities of the target company. Considering that the share price calculated in accordance with the last consolidated report for the 2nd quarter of 2021 is not 10% higher than the price calculated from the data of the consolidated audited annual report for 2020, the price of one repurchased share cannot be lower for 9.26 euros per share.

The target company is a joint stock company, the shares of which are in public circulation and for the shares of which a repurchase offer has been made, in this case JSC “Olainfarm”.

–

–