Industrial Holding Bulgaria AD

08/03/2021 | Press release | Distributed by Public on 08/03/2021 02:22

Results from a Tender Offer under Art. 149b, para. 1 of the Public Offering of Securities Act (POSA) made by Bulls AD, Sofia for purchase of shares of Industrial Holding[...]

On 03.08.2021 Industrial Holding Bulgaria PLC received a notification about the results of a Tender offer made by Bulls AD under Art. 149b, para. 1 of POSA, for the purchase of up to 25 000 000, but not less than 15 800 000 voting shares from the other shareholders of Industrial Holding Bulgaria PLC, as follows:

  • Number of shareholders who have accepted the Tender Offer: 4;
  • Total number of shares acquired as a result of the Tender Offer: 22878 667;
  • According to the Tender Offer's terms, the required minimum of 15 800 000 shares has been reached, i.e., the Tender Offer is valid.The proposed number of shares is below the requested maximum of25000 000 shares, i.e., the offeror will fully acquire all the offered shares.