TDJ Equity I sp. z o.o., a TDJ Group company that owns 50.59 percent of Grenevia’s shares, has called for the sale of all remaining Grenevia shares at a price of PLN 2.12 per share. Subscriptions for the sale of shares will last from January 20 to February 28 this year.
Under the tender offer launched today, TDJ Equity I sp. z o.o. (“TDJ”) intends to acquire shares in Grenevia S.A. from investors, thereby increasing its shareholding to 100 percent. In the event that the tender offer reaches a threshold of at least 95 percent of the total number of votes at the general meeting, TDJ will consider the possibility of conducting a squeeze-out of shares belonging to other shareholders, and then delisting the company’s shares.
The tender offer share price of PLN 2.12 offered by TDJ includes a premium of 19.1% over the closing price on the day before the announcement of the tender offer, and 8.16% over the volume-weighted average share price for the last three months preceding the announcement of the tender offer. The offered price complies with the law and corresponds to the volume-weighted average market price for the last six months preceding the notice of intent to tender.
