DGAP-News: GAGFAH S.A.: Notification on Final Purchase Price for the acquisition of own shares within the Share Buy-Back Offer
(firmenpresse) - DGAP-News: GAGFAH S.A. / Key word(s): Share Buyback
GAGFAH S.A.: Notification on Final Purchase Price for the acquisition
of own shares within the Share Buy-Back Offer
07.10.2011 / 15:49
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Press Release: October 7, 2011
GAGFAH S.A.
2-4, rue Beck
L-1222 Luxembourg
ISIN: LU0269583422
Frankfurt Stock Exchange, Regulated Market (Prime Standard)
Notification on Final Purchase Price
for the acquisition of own shares within the Share Buy-Back Offer
Luxembourg, October 7, 2011 - 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 5 September 2011 an overall number of 20,480,521
shares has been tendered to GAGFAH S.A. within the price range from EUR
3.50 to EUR 5.00 until the expiration of the acceptance period on 4 Oktober
2011 (midnight CET).
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
4.95 per share. Shares which have been tendered at a price higher than the
Final Purchase Price will not be accepted for buy-back.
As the aggregate purchase Price for the 18,073,108 shares for which the
offer has been accepted at the Final Purchase Price or at a lower price
amounts to EUR 89,461,884.60 and thus exceeds the repurchase value of EUR
75,000,000 there will be a pro rata allocation of the Relevant Tenders at a
ratio of 1 to 1.1929 rounded down to the next full number of shares.
The final result of the Share Buy-Back Offer calculated on the basis of the
pro-rata allocation will be published in due course.
Contact
GAGFAH S.A.
Investor Relations
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 1
Mail: info(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 approximately
155,000 apartments, GAGFAH is the largest residential property company
listed in Germany.
End of Corporate News
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07.10.2011 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 1Fax: + 352 266 366 01
E-mail: info(at)gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, LU0269583422
WKN: A0LBDT
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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141671 07.10.2011
Themen in dieser Pressemitteilung:
gagfah-s-a-notification-on-final-purchase-price-for-the-acquisition-of-own-shares-within-the-share-buy
back-offer
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2011 - 15:49 Uhr
Sprache: Deutsch
News-ID 73907
Anzahl Zeichen: 4823
contact information:
Kategorie:
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