1. Homepage
  2. Equities
  3. Netherlands
  4. Euronext Amsterdam
  5. Intertrust N.V.
  6. News
  7. Summary
    INTER   NL0010937058

INTERTRUST N.V.

(INTER)
  Report
Real-time Euronext Amsterdam  -  11:35 2022-08-12 am EDT
19.40 EUR   -0.10%
07/31CSC Global Wins Regulatory Nod In British Virgin Islands For Intertrust Purchase
MT
07/31CSC and Intertrust have obtained Regulatory Clearance in the British Virgin Islands
AQ
07/31CSC and Intertrust have obtained Regulatory Clearance in the British Virgin Islands
GL
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Intertrust AGM approved all resolutions, including those in relation to the recommended public offer by CSC

05/31/2022 | 11:15am EDT

This is a press release by Intertrust N.V. ("Intertrust" or the "Company") in connection with the recommended public offer (the "Offer") by CSC (Netherlands) Holdings B.V. (the "Offeror" or "CSC") for all the issued and outstanding ordinary shares in the capital of Intertrust. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Intertrust. Any offer will be made only by means of the offer memorandum dated 31 March 2022 (the “Offer Memorandum”) approved by the Dutch Authority for Financial Markets (Stichting Autoriteit Financiële Markten). This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States, Canada, Japan or any other jurisdiction in which such release, publication or distribution would be unlawful. Capitalized terms not defined in this press release have the same meaning as given thereto in the Offer Memorandum.

Intertrust AGM approved all resolutions, including those in relation to the recommended public offer by CSC

Amsterdam, the Netherlands31 May 2022 Intertrust N.V. (“Intertrust” or “Company”) [Euronext: INTER], a global leader in providing tech-enabled corporate and fund solutions to clients operating and investing in international business, announces that at the Annual General Meeting of Shareholders of 31 May 2022 (the “AGM”), all resolutions were adopted, including the resolutions in connection with the recommended public Offer by CSC. With the approvals received today, another key milestone in the Offer process has been reached.

At the AGM, 55.50% of the total issued share capital was represented. The minimum acceptance level threshold has been reduced to 80%, from 95% as a result of the adoption of the Asset Sale and Liquidation Resolutions. Reference is made to section 6.6 of the Offer Memorandum.

Intertrust and CSC continue to work constructively to satisfy all other Offer Conditions and are making timely progress. All applications for the Regulatory Clearances [as set forth in the Offer Memorandum] have been filed and approval has been obtained from the regulators in Guernsey, Hong Kong, and the United Arab Emirates. CSC and Intertrust anticipate that Settlement of the Offer will take place in H2 2022. Furthermore, as announced on 30 May 2022, the initial Offer Period (ending on 10 June 2022) has been extended by 10 weeks (thus ending on 19 August 2022 at 17:40 CET).

The voting results of the AGM will be published on the Investor Relations section of the Intertrust website www.intertrustgroup.com. Draft minutes of the AGM will be published no later than three months after the end of the meeting. 

The information in this press release is not intended to be complete. More information about the Offer can be found in the Offer Memorandum and the Position Statement, which can be found on the Intertrust website www.intertrustgroup.com/investors/offer-for-intertrust.

Attachment

  • 220531 PR - Intertrust AGM approved all resolutions including those in relation to the recommended public offer by CSC

© OMX, source GlobeNewswire - EU Press Releases

All news about INTERTRUST N.V.
07/31CSC Global Wins Regulatory Nod In British Virgin Islands For Intertrust Purchase
MT
07/31CSC and Intertrust have obtained Regulatory Clearance in the British Virgin Islands
AQ
07/31CSC and Intertrust have obtained Regulatory Clearance in the British Virgin Islands
GL
07/28Intertrust N.V. Reports Earnings Results for the Second Quarter and Six Months Ended Ju..
CI
07/28TRANSCRIPT : Intertrust N.V., Q2 2022 Earnings Call, Jul 28, 2022
CI
07/28Intertrust sees continued growth and short-term margin pressure in Q2
GL
07/28Intertrust sees continued growth and short-term margin pressure in Q2
AQ
07/28Intertrust N.V. Provides Revenue Guidance for the Year 2022
CI
07/28INTERTRUST N.V. : Press Release
CO
07/28INTERTRUST N.V. : Half-year results
CO
More news
Financials
Sales 2022 601 M 621 M 621 M
Net income 2022 77,0 M 79,5 M 79,5 M
Net Debt 2022 680 M 703 M 703 M
P/E ratio 2022 21,9x
Yield 2022 0,77%
Capitalization 1 755 M 1 812 M 1 812 M
EV / Sales 2022 4,05x
EV / Sales 2023 3,65x
Nbr of Employees 4 493
Free-Float 87,8%
Chart INTERTRUST N.V.
Duration : Period :
Intertrust N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERTRUST N.V.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 19,42 €
Average target price 20,00 €
Spread / Average Target 2,99%
EPS Revisions
Managers and Directors
Shankar Iyer Chief Executive Officer & Member-Management Board
Rogier van Wijk Chief Financial Officer & Controller
Hélène Vletter-van Dort Chairman-Supervisory Board
Chitra Baskar Chief Operating Officer
Anthony Ruys Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
INTERTRUST N.V.-0.92%1 812
CINTAS CORPORATION-3.05%43 474
TELEPERFORMANCE SE-19.77%19 185
EDENRED SE27.53%13 315
BUREAU VERITAS SA-8.12%12 489
LG CORP.4.45%10 225