The board of directors of the Company (the “Board of Directors”), and its special committee (the “Committee”) appointed to investigate the feasibility of the potential transaction, has been authorised to acquire, during a period beginning on the date of the EGM held on 21 September 2017 and ending on 21 March 2019, through a Partial Self Tender Offer (the "PSTO") up to 33 1/3% of the Company’s share capital as at the date of the launch of the PSTO, for a price per share not less than the nominal value of a share and with a maximum of the on-exchange closing price of a share on the SIX Swiss Exchange on the trading day prior to the date of the publication of the Offer Prospectus plus a 20% premium.
According to the Offer Prospectus published on the 10th April 2018, the PSTO shall extend to 2,193,395 shares of the Company (the “Offer Shares”), representing 15.83% of the share capital of the Company, at an offer price of CHF 16 net in cash (the “Offer Price”) per share .
Up to the expiration of the Offer Period on 9 May 2018, 4:00 pm CEST, a total of 4'684'562 lastminute Shares have been tendered into the Offer, corresponding to 33.80% of all lastminute Shares listed as of 9 May 2018 respectively 213.58% of the 2'193'395 lastminute Shares that are the object of the Offer (success rate).
As until the expiration of the Offer Period, more than 2'193'395 lastminute Shares have been validly tendered, lastminute have reduced the number of shares accepted pro rata to 2'193'395 lastminute Shares as described in section A.2 (Object of the Offer) of the Offer Prospectus.
Definitive Notice of the End Result - 16th May 2018
Preliminary Notice of the End Result - 11th May 2018
Offer Prospectus - 10th April 2018
Investor Q&A Virtual Call - 30th April 2018