DGAP-News: GAGFAH S.A.: Notification on Final Result of Share Buy-Back Offer
(firmenpresse) - DGAP-News: GAGFAH S.A. / Key word(s): Share Buyback
GAGFAH S.A.: Notification on Final Result of Share Buy-Back Offer
09.05.2012 / 18:35
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GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand-Duchy of Luxembourg
R.C.S. Luxembourg B 109.526
ISIN: LU0269583422
Frankfurt Stock Exchange, Official Market (Prime Standard)
Shares Tendered for Sale: ISIN: LU0719733874
Notification on Final Result of Share Buy-Back Offer
Luxembourg, 09 May, 2012 - Under the Share Buy-Back Offer for the
acquisition of own shares which has been published on the website of GAGFAH
S.A. at www.gagfah.com on 28 March 2012 an overall number of 12,854,682
shares has been tendered to GAGFAH S.A. within the price range from EUR
6.00 to EUR 6.75.
The Final Purchase Price as determined by the Company upon expiration of
the acceptance period according to section 3.2 of the Offer Document has
been calculated via a modified Dutch Auction process and amounts to EUR
6.70 per share. The 1,010,504 shares which have been tendered at a price
higher than the Final Purchase Price will not be accepted for buy-back.
The offer of GAGFAH S.A. related to a maximum purchase value of EUR
75,000,000.00.
The ratio at which relevant tenders have been accepted is 1 to 1.0581
(rounded). To the extent pro-rata allocation resulted in fractions, those
have been rounded down to the next full number of shares.
As a result 11,193,507 shares will be purchased under the Share Buy-Back
Offer.
Upon settlement of the Share Buy-Back Offer, GAGFAH S.A. altogether holds,
taking into account the 15,150,277 shares already held, 26,343,784 own
shares (equivalent to approx. 11.89 % of the outstanding share capital).
Contact
GAGFAH S.A.
Investor Relations
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 21
Mail: rhoffmann(at)gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526
About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the
Grand Duchy of Luxembourg qualifying as a securitization company under the
Luxembourg Securitization Law of March 22, 2004. The core business of
GAGFAH S.A.'s operating subsidiaries is the ownership and management of a
geographically diversified and well maintained residential property
portfolio located throughout Germany. With a portfolio of almost 150,000
apartments, GAGFAH is the largest residential property company listed in
Germany.
End of Corporate News
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09.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand Duchy of Luxembourg
Phone: + 352 266 366 1
Fax: + 352 266 366 01E-mail: info(at)gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, LU0269583422
WKN: A0LBDT
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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169018 09.05.2012
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Datum: 09.05.2012 - 18:35 Uhr
Sprache: Deutsch
News-ID 144611
Anzahl Zeichen: 4960
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Kategorie:
Business News
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