LS INVEST AG
DGAP-WpÜG: Lopesan Touristik, S.A. / Tender Offer Announcement of the decision to make a tender offer (Erwerbsangebot) pursuant to section 10 (1) of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG) in conjunction with section 39 (2) sentence 3 No. 1 German Stock Exchange Act (Börsengesetz)
Lopesan Touristik, S.A.U. Registered with the company register of Las Palmas de Gran Canaria, Spain under Volume (Tomo) 1420, Page (Folio) 159 and Sheet (Hoja) GC-15921. Target:
LS Invest AG Registered with the commercial register of the local court of Duisburg under HRB 3291. ISIN: DE0006131204 (non-par-value bearer shares) Lopesan Touristik, S.A.U. (Bidder) decided on 15 April 2021 to make a public tender offer to the shareholders of LS Invest AG, formerly known as IFA Hotel & Touristik Aktiengesellschaft, (Company) for the acquisition of all non-par value bearer shares in the Company (ISIN: DE0006131204), each sharer representing a proportionate amount of EUR 2.60 of the share capital of the Company (LS Invest-Shares) against payment of a consideration in the amount of EUR 4.60 in cash (Delisting Offer). On 15 April 2021, the Bidder also entered into an agreement with the Company (Delisting Agreement), pursuant to which the Company has undertaken, to the extent permissible by law, to apply for the revocation of the admission to trading of the LS Invest-Shares on the regulated market (General Standard) of the Frankfurt Stock Exchange and the regulated market of the Dusseldorf Stock Exchange (so-called delisting) prior to the expiration of the acceptance period of the Delisting Offer and further to seek termination of the inclusion in the unregulated market (Freiverkehr) to the extent that such inclusion occurred at the request of the Company, which, according to the information currently available to the Bidder, is the case at the stock exchanges of Hamburg, Munich and Stuttgart. The Delisting Offer will be made based on, and subject to, the terms set out in the offer document and the Bidder reserves the right, to the extent permissible by law, to deviate from the above described parameters. The German language offer document containing the detailed terms of the Delisting Offer, as well as further information relating thereto, will be published by the Bidder following permission by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) on the internet at the Bidder's website https://sites.google.com/lopesan.com/corporate/delisting-offer (together with a non-binding English translation). Important notice: This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in the Company. The definite terms of the Delisting Offer, as well as further provisions concerning the Delisting Offer, will be published in the offer document following permission by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) to publish the offer document. Investors and holders of shares in the Company are strongly advised to read the offer document and all other documents regarding the Delisting Offer when they become available, as they will contain important information. The Delisting Offer will be published exclusively under the laws of the Federal Republic of Germany and certain applicable provisions of the securities laws of the United States of America. Any contract concluded on the basis of the Delisting Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws. To the extent permissible under applicable law or regulation, and in accordance with German market practice, the Bidder, its affiliates or its brokers may purchase, or conclude agreements to purchase, LS Invest-Shares, directly or indirectly, outside of the scope of the public Delisting Offer, before, during or after the period in which the offer remains open for acceptance. This applies to other securities which are directly convertible into, exchangeable for, or exercisable for LS Invest-Shares. These purchases may be completed via the stock exchange at market prices or outside the stock exchange at negotiated conditions. Any information on such purchases will be disclosed as required by law or regulation in Germany or any other relevant jurisdiction and on https://sites.google.com/lopesan.com/corporate/delisting-offer. Las Palmas de Gran Canaria, Spain, 15 April 2021 Lopesan Touristik, S.A.U. Board of Directors (Consejo de administración) ***
15.04.2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Listed: | Regulierter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin, Hamburg, München, Stuttgart |
| End of News | DGAP News Service |
1184700 15.04.2021 CET/CEST
