The reasoned opinion of the Board of Directors of ELLAKTOR on the submitted optional public offer of the company “RB ELLAKTOR HOLDING BV” for the acquisition of all the shares of the Company was published today by the listed company.
In particular, the Board of Directors of the company expresses its opinion as follows:
A. The Bidder’s business strategy is based on the Company’s existing business planning, however it is noted that the Bidder’s plans and estimates for the expected benefits to the Company are based on certain assumptions regarding the current situation, and may therefore be affected by any change. . The Board of Directors is not able to predict the outcome of the Public Offer, the course of the Stock Exchange Price and the marketability of the Shares on the Stock Exchange.
B. The Public Offer is not expected to have a negative impact on the interests of the company, the employment relationship, or the number of employees in the Company, as long as there are no significant changes in the current market and economic conditions.
C. The Offered Exchange of 1.75 Euros per Share fulfills the conditions set in article 9 par. 4, 6 and 7 of the Law, and is within the limits of the Value Range per share mentioned in the Report of the Financial Advisor.
D. The Public Offer provides the Shareholders of the Company with the possibility of divestment at a price that meets the conditions set out in article 9 par. 4, 6 and 7 of the Law.
This Reasoned Opinion of the Board of Directors of the Company is a general assessment of the terms of the optional Public Offer, its impact on the operation of the Company, based on the documents and data set out in section D hereof and does not constitute or can be construed as an invitation or advice or recommendation or encouragement to the Shareholders for the acceptance or rejection of the Public Offer or in general for the realization of any transactions on the securities issued by the Company or other transaction.
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Source: Capital
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