2023-09-21 16:32:01
Final results of the public share buyback offer initiated
by the company FIEBM on its own shares
Announcement of a proposed public buyout offer followed by a squeeze-out
Suspension of FIEBM share prices
Carry-le-Rouet, September 21, 2023 at 6:30 p.m.
The result of the public buyout offer initiated by the public limited company Financière et Immobilière de l’Etang de Berre et de la Méditerranée (“ FIEBM » or the “ Company “), ISIN code FR0000062341, on a maximum of 837,648 of its own shares (the ” OPRA “) reports a presentation to OPRA1 of a total of 783,609 FIEBM shares.
As a reminder, the OPRA was open from July 20, 2023 to September 15, 2023 inclusive and offered shareholders of the Company the opportunity to repurchase their FIEBM shares up to a limit of 837,648 shares at a unit price of 11.50 euros.
The total number of shares presented to the OPRA, i.e. 783,609, is lower than the number of shares that the FIEBM company had committed to repurchase (837,648 shares representing 43.83% of the Company’s capital). All redemption requests will be fulfilled.
The Company will thus repurchase 783,609 of its own shares for a total price of 9,011,503.50 euros.
It is expected that the settlement and delivery of the OPRA will take place on September 22, 2023.
The repurchased shares will then be canceled by the Company under the conditions and deadlines provided for in Article R. 225-158 of the Commercial Code and will no longer confer any corporate rights.
Following this cancellation of shares, Madame Marie-Catherine Sulitzer (the “ Majority shareholder ) will hold, directly and indirectly, 95.21% of the capital of the Company.
In accordance with what was indicated in the information note relating to the OPRA having received visa no. 23-318 from the AMF dated July 18, 2023 and on the basis of the final results of the OPRA, the The Majority Shareholder has informed the Company of its intention to file a draft public withdrawal offer followed by a compulsory withdrawal (the “ OPR-RO “) at the same price (it being specified that this price would be reduced by the amount of any dividend which might be distributed before the filing of the OPR-RO) as that of the OPRA (this price remaining subject to the approval of the AMF as part of the examination of the OPR-RO project) in order to delist the Company. The OPR-RO will be filed following the Majority Shareholder has obtained the necessary financing which may take the form of a bank loan and/or a distribution of dividends by the Company.
The trading of the Company’s shares, which was suspended today pending the publication of this press release, will be resumed on September 25, 2023 at the opening of the market.
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1 See D&I 223C1464 of September 21, 2023 published on the AMF website.
FIEBM – Press release of September 21, 2023 – VF
1695322329
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