Reggeborgh Invest stake in REDS at 89,43%
Reggeborgh Invest stake in REDS at 89,43%
  Institutional Investors  |  Retail  |  Greece

Reggeborgh Invest stake in REDS at 89,43%

RE+D magazine
09.02.2023
The company with the name "REDS S.A." announced that the period for the exercise of the exit right of Article 28 of Law 3461/2006 in relation to the mandatory public offer (the "Public Offer") which was submitted on 19.08.2022 by the company with the name RB Ellaktor Holding B.V. (the "Proposer") expired on 06.02.2023 and the Proposer is no longer obliged to acquire publicly issued shares of the Company (the "Shares") which are offered to him by shareholders of the Company in exercise of the exit right of Article 28 of Law 3461 /2006.

By the end of the exit deadline, on 06.02.2023, the Offeror acquired 473,974 Shares from the Company's shareholders who exercised the right to exit, for a consideration of €2.48 per Share.

After the expiry of the exit deadline, the Proposer informed the Company that it now directly owns 19,514,962 Shares, which correspond to 33.98% of the share capital and voting rights in the Company. 

Consequently, Reggeborgh Invest B.V., which controls the Proposer, after the exit deadline indirectly owns 51,366,236 Shares, which correspond to 89.43% of the share capital and voting rights in the Company (19,514,962 Shares, which correspond to 33.98% of the share capital and voting rights in the Company through the Proposer and 31,851,274 Shares, which correspond to 55.46% of the share capital and voting rights in the Company, through ELLAKTOR SA .).


REDS