Monday, 13TH March 2017
Y ENERGÍA, S.A., LAUNCHED BYThe Board of the Spanish Securities Market Commission, at March 2017, has adopted the following agreement:
its meeting on 13TH
"Authorise the voluntary takeover bid addressed to the 100% of the issued share
capital of Tecnocom, Telecomunicaciones y Energía, S.A., listed on th
Madrid,
Barcelona, Valencia and Bilbao Stock Exchanges and traded on their Automated Quotation System, submitted by Indra Sistemas, S.A. on 23TH December 2016 and admitted according to procedure on 29TH December 2016, because it considers the terms of the offer comply with the applicable regulation and the content of the
prospectus is adequate after the latest 2017.
information incorporated the 7TH March
The consideration is a mixture of share and cash, it has been set by the offeror in accordance with the provisions of the equitable price under article 9 of the Royal Decree 1066/2007, of 27 July, on takeover bids, and it consists of an exchange of
12,956,859 offeror company's newly issued shares and a
payment in
cash of
191,314,364.55 euros for 75,025,241 shares of Te
nocom, Telecomunicaciones y
Energía, S.A. subject to the
takeover bid, equivalent to 1,727 offeror company's
newly issued shares and 25,500 euros
for every
10,000 shares of Tecnocom,
Telecomunicaciones y Energía, S.A., prospectus."
under the
terms which result
from the
The CNMV shall inform of the period for acceptance of the publishes the announcements mentioned in article 22 of 1066/2007.
bid once the offeror the Royal Decree
The previous paragraphs are a translation of the original agreement in Spanish for information purposes only.
Indra Sistemas SA published this content on 13 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 March 2017 12:04:17 UTC.
Original documenthttp://www.indracompany.com/sites/default/files/cnmv_authorization.pdf
Public permalinkhttp://www.publicnow.com/view/28D739CBB26F25C8B78B9F66EB6D533A7FB6FB45