Followers | 240 |
Posts | 12044 |
Boards Moderated | 1 |
Alias Born | 04/05/2009 |
Wednesday, June 22, 2016 9:43:08 PM
Company Purchases 12,295,081 Shares At €6.10 Per Share
Guernsey, 21 June 2016 - Eurocastle Investment Limited ("Eurocastle" or the "Company") today announces the final results of its tender offer. On 23 May 2016, Eurocastle sent a circular (the "Circular") to shareholders in relation to a proposed tender offer for the purchase of ordinary shares in the Company ("Ordinary Shares") for a price in a range of €6.10 to €7.00 per Ordinary Share in order to return a maximum of €75 million in cash to shareholders (the "Tender Offer").
The Tender Offer closed at 6:00pm (CET) on 20 June 2016. In accordance with the terms and conditions set out in the Circular and based on the final count by the Company`s agent, ABN AMRO Bank N.V. ("ABN AMRO"), Eurocastle has accepted tenders of 12,295,081 ordinary shares at a Clearing Price (as defined in the Circular) of €6.10 per Ordinary Share for a total cost of approximately €75 million, excluding fees and expenses relating to the Tender Offer. The Company has scaled back all tenders of Ordinary Shares at the Clearing Price pro rata in accordance with the terms and conditions set out in the Circular. The Ordinary Shares accepted for repurchase represent approximately 17.0% of the Ordinary Shares in issue as of 20 June 2016.
The last day of record for the tendered Ordinary Shares purchased was 20 June 2016 with settlement expected to occur on 27 June 2016. Where an accepted tender relates to Ordinary Shares held by shareholders in CREST and in certificated form, cheques or bank transfers for the consideration will be despatched on 27 June 2016 by Anson Registrars Limited.
ABOUT EUROCASTLE
Eurocastle Investment Limited is a publicly traded closed-ended investment company that focuses on investing in performing and non-performing loans and other real estate related assets primarily in Italy. The Company is Euro denominated and is listed on Euronext Amsterdam under the symbol "ECT". Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global investment manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.
http://phx.corporate-ir.net/external.file?t=2&item=o8hHt16027g9XhJTr8+weNRYaV9bFc2rMd0Q/AXw4zs+RqeOTm3Qfj99qEQ3crhSq3Oi5/u0/NF69pX83Erd+Ykd9f/74d7vB3ZeC1bdM8ktVxBmKxpy2tsb0CaRM94zoM1n1NwYQq0z7ryPUvxCSw==&cb=636020856449804798
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM