CHORUS Clean Energy AG
CHORUS Clean Energy AG: Majority of CHORUS shareholders accept the takeover offer of Capital Stage AG
DGAP-News: CHORUS Clean Energy AG / Key word(s): Merger/Offer CHORUS Clean Energy AG: Majority of CHORUS shareholders accept the takeover offer of Capital Stage AG
Neubiberg/Munich, September 14, 2016 – CHORUS Clean Energy AG (“CHORUS”), based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, announces that as of today more than 50 percent of the CHORUS Clean Energy AG (“CHORUS”) shareholders have accepted the voluntary public takeover offer by Capital Stage AG. The pre-agreed minimum acceptance ratio has thus been reached prematurely and the essential closing condition of the transaction is thereby fulfilled. “We are pleased to see that the majority of our shareholders has accepted the exchange offer of Capital Stage before the acceptance period ends. Therewith they build the foundation for the combination of both companies. This gives us tailwind to become one of the leading independent operators of solar and wind parks in Europe, together with Capital Stage”, says CEO Holger Götze. The exchange offer is arranged by way of a share exchange. CHORUS shareholders receive five (5) Capital Stage shares for each three (3) CHORUS shares. The acceptance period will end at midnight (CET) on September 16, 2016. CHORUS shareholders who have not tendered their shares until then have the opportunity to accept the exchange offer within an additional, legally prescribed acceptance period. The additional acceptance period will prospectively start on September 22, 2016 and end at midnight (CET) on October 5, 2016. CHORUS shareholders that have decided not to accept the exchange offer will keep their CHORUS shares. These shares will be tradable after the execution of the transaction until further notice. Depending on the final acceptance ratio of the exchange offer, the free float trading volume will decrease. Share price level, liquidity and tradability of the shares may be affected and strong price fluctuations cannot be ruled out.
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2016-09-14 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | CHORUS Clean Energy AG | |
Prof.-Messerschmitt-Straße 3 | ||
85579 Neubiberg / Munich | ||
Germany | ||
Phone: | +49 (0)89 442 30 60 – 0 | |
Fax: | +49 (0)89 442 30 60 – 11 | |
E-mail: | info@chorus.de | |
Internet: | www.chorus-gruppe.de | |
ISIN: | DE000A12UL56 | |
WKN: | A12UL5 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |