Obligation to Purchase pursuant to Article 108, paragraph 2, of the Consolidated Law on Finance and determination of the consideration
Procedure and timing for fulfilment of the Obligation to Purchase pursuant to Article 108, paragraph 2, of the Consolidated Law on Finance
Delisting of the UnipolSai’s Shares
On the basis of the final results of the Offer disclosed in the Press Release on the Final Results of the Offer, taking into account (i) the Shares tendered to the Offer, (ii) No. 179,631 Treasury Shares (equal to 0.006% of the share capital of the Issuer), and (iii) No. 2,410,749,524 Shares already held, directly and indirectly, by the Offeror (equal to 85.194% of the share capital of the Issuer), the Offeror holds a total of 2,685,866,801 Shares, equal to 94.916% of the Issuer’s share capital.
The legal requirements for the fulfilment of the Obligation to Purchase pursuant to Article 108, paragraph 2, of the Consolidated Law on Finance (the “Sell-Out”) in relation to the remaining No. 143,850,571 Shares, equal to 5.084% of the Issuer’s share capital (the “Remaining Shares”). Therefore, the Offeror is required to purchase the Remaining Shares from the Issuer’s shareholders so requesting.
Please read the complete Press Release.