Home » Saes Getters, takeover bid and then the delisting

Saes Getters, takeover bid and then the delisting

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Saes Getters, takeover bid and then the delisting

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SGG Holding SpA promotes a finalized voluntary public takeover offer
to acquire all the ordinary shares of SAES Getters SpA in circulation. SGG currently holds 30.1% of the share capital of Saes Getters: the objective is to obtain the delisting of the company’s shares from listing and trading on Euronext Milan.

The cash consideration for each share tendered in the tender offer purchased by the offeror is equal to 26.3 euros (ex dividend). Given the decision to promote the offer, SGG will vote against the proposals submitted to the SAES meeting called for 23 April concerning the authorization to purchase (and consequent cancellation) of up to no. 5,700,325 treasury shares at a price per share equal to 24.56 per share through a partial voluntary public purchase offer, while it will vote in favor of the proposals for the approval of the financial statements as at 31 December 2023 and the distribution of a related dividend to the financial year 2023 in an amount equal to 12.51 euros

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