RUBIS 08-March-2019 / 17:35 CET/CEST Paris, March 8th, 2019, 5:35 p.m.
The Capital Market Authority of Kenya has declared completed and unconditional the offer made by Rubis Énergie to acquire the shares of KenolKobil Plc that were not already owned. Being confirmed that:
As a result, Rubis is launching today the share transfer process. Rubis will apply the provisions of the laws of Kenya to compulsorily acquire the remaining shares of KenolKobil. The acquisition will be made at the offer price of KES 23 per share. Further details about this process will be sent to all concerned shareholders. As set out in the offer document, Rubis will initiate a process to obtain the requisite shareholder and regulatory approvals to de-list KenolKobil’s shares from the Nairobi Securities Exchange. This will allow Rubis to integrate shortly KenolKobil within Rubis’ accounting and governance systems. On the basis of the offer price per share of KES 23 applied on the full number of shares (post compulsory shares purchase) total amount paid for the equity would reach EUR312 million entirely financed by existing credit lines.
Next meeting: 2018 annual results on 12 March 2019 (after market closing)
Regulatory filing PDF file Document title: RUBIS: Large success of rubis’ take-over offer on KenolKobil Plc – Final holding 97.6% – Plan to de-list following compulsorily purchase from Nairobi SE |
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Language: | English |
Company: | RUBIS |
46, rue Boissière | |
75116 Paris | |
France | |
Phone: | +33 144 17 95 51 |
Fax: | +33 145 01 72 49 |
E-mail: | communication@rubis.fr |
Internet: | www.rubis.fr |
ISIN: | FR0013269123 |
Euronext Ticker: | RUI |
AMF Category: | Activity of the issuer(acquisitions, sales…) |
End of Announcement | EQS News Service |