Brief: Tebesa announces tender offer for 100 pct of Novita
08/06/2016 08:59
June 8 (Reuters) - Novita SA NVT.WA
* Tebesa Sp. z o.o., a unit of Israeli-based Vaporjet Ltd,
announced tender offer for 2.5 million shares of Novita
representing 100 pct stake in the company, said plenipotentiary
of Tebesa in a statement on Tuesday
* The tender offer price is 53.5 zlotys ($14.00) per share
* Following the acquisition, Tebesa plans to re-materialise
Novita's shares and withdraw them from trade on the Warsaw Stock
Exchange
* Tebesa will acquire Novita's shares if no less than
2,375,000 shares representing 95 pct stake is subscribed for
* The subscription period runs from June 27 to July 27
* Currently, the majority shareholder of the company is
Lentex SA LTX.WA , which holds 63.17 pct stake in Novita
* Lentex's price for sale of Novita's shares is lower than
tender offer price and amounts to 52.4 zlotys per share, as per
agreement with caller
* Vaporjet was in talks to launch tender on Novita' shares
since April urn:newsml:reuters.com:*:nL5N17T0XA
* Lentex, under the letter of intent, obliged not to sell
its stake in Novita, before the date of singing of final
agreement on June 7 urn:newsml:reuters.com:*:nFWN18Y0NJ
Source text - http://bit.ly/1U6Yest
Further company coverage: NVT.WA
($1 = 3.8225 zlotys)
(Gdynia Newsroom)
((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))