CSC and Intertrust have obtained Regulatory Clearance in Ireland
JOINT PRESS RELEASE
This is a joint press release by Intertrust N.V. ("Intertrust" or the "Company") and CSC (Netherlands) Holdings B.V. ("CSC" or the "Offeror") in connection with the recommended public offer (the "Offer") by the Offeror 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 (the "Offer Memorandum") approved by the Dutch Authority for Financial Markets (Stichting Autoriteit Financiële Markten, the "AFM") which was published on 31 March 2022, and subject to the restrictions set forth therein. With reference to the joint press releases of 6 December 2021, 31 March 2022, 30 May 2022, 21 July 2022, and the Intertrust press release of 31 May 2022, the Offer is subject to the satisfaction or waiver of the offer conditions, all in accordance with the terms of the merger agreement (the "Merger Agreement") between Intertrust and Corporation Service Company as executed on 6 December 2021 and the Offer Memorandum (the "Offer Conditions"). The offer price of EUR 20.00 per Share (the "Offer Price") is "cum dividend". This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada and Japan or any other jurisdiction in which such release, publication or distribution would be unlawful. Capitalised terms used herein but not defined in this press release will have the meaning as ascribed thereto in the Offer Memorandum.
CSC and Intertrust have obtained Regulatory Clearance in Ireland
Wilmington, Delaware, USA / Amsterdam, the Netherlands – 15 September 2022 – CSC and Intertrust hereby jointly announce that Regulatory Clearance has been obtained in Ireland.
Reference is made to the joint press release issued by CSC and Intertrust on 31 March 2022 in respect of the publication of the Offer Memorandum for the recommended all-cash public offer by the Offeror for all issued and outstanding shares in the capital of Intertrust at an offer price of EUR 20.00 (cum dividend), on the terms and subject to the conditions and restrictions set forth in the Offer Memorandum, and the joint press release issued by CSC and Intertrust on 21 July 2022 in relation to the further extension of the extended Offer Period, pursuant to an exemption granted by the AFM on 21 July 2022, until the earlier of (i) the date on which all Regulatory Clearances have been obtained or waived, plus a period of two weeks, or (ii) 6 December 2022, at 17:40 CET.
Regulatory Clearances status
CSC and Intertrust have obtained all Regulatory Clearances in 9 of the required 13 jurisdictions (the British Virgin Islands, Curaçao, Guernsey, Hong Kong, Ireland, Jersey, Singapore, the United Arab Emirates and the United Kingdom) and partial Regulatory Clearance in Luxembourg and the Netherlands. CSC and Intertrust continue to work constructively to satisfy all Offer Conditions.
At the date of this press release, CSC and Intertrust have not yet received all Regulatory Clearances in the following jurisdictions: the Bahamas, the Cayman Islands, Luxembourg, and the Netherlands. At this time, CSC and Intertrust continue to anticipate that the Offer will close in the second half of 2022.
CSC and Intertrust will make a public announcement (i) promptly following the receipt of each remaining Regulatory Clearance, (ii) if and when the Offer Condition with respect to the Regulatory Clearances is satisfied, waived or has become incapable of being satisfied, or (iii) as otherwise required by applicable law. The announcement that the Offer Condition with respect to the Regulatory Clearances would have been satisfied or waived, if made, will include the end date of the Offer Period, which will be two weeks following the date such Offer Condition is fulfilled, subject to the end date of 6 December 2022, at 17:40 CET.
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Orkuveita Reykjavíkur | Green Bond Auction December 125.12.2023 18:17:17 CET | Press release
Reykjavík Energy (Orkuveita Reykjavíkur; OR) is holding a bond auction on Tuesday, December 12th, 2023. Bonds in the green bond classes OR020934 GB, OR180255 GB and OR161126 GB will be offered for sale. OR161126 GB bears non-indexed interests with an interest payment arrangement and bears 7.0% interest, payable four times a year until the final maturity on November 16, 2026. Previously, bonds with a nominal value of 720 million have been issued in the class. OR020934 GB bears fixed indexed interests and pays equal payments every six months with a final maturity date of September 2, 2034. Previously, bonds with a nominal value of ISK 21,127 million have been issued in the class. OR0180255 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of February 18, 2055. Previously, bonds with a nominal value of ISK 27,281 million have been issued in the class. Fossar Investment Bank hf. oversees the issuance and sale of the bonds as well as their a
Wereldhave acquires shopping center Polderplein in Hoofddorp, the Netherlands, and enters growth phase of its LifeCentral strategy5.12.2023 17:40:00 CET | Press release
Wereldhave has reached agreement with DELA Vastgoed B.V. (‘DELA’) regarding the acquisition of shopping center Polderplein and its parking garage in Hoofddorp (The Netherlands), with a total gross lettable area of c17,000 m² (excluding parking). The acquisition perfectly fits within Wereldhave’s strategy and acquisition criteria such as location, value creation opportunities and synergies with the recently delivered Full Service Center Vier Meren. Combined, Vier Meren and Polderplein will create one dominant Full Service Center in the best location of the city, with 49,100 m2 lettable area and 105 shops, with Wereldhave as sole owner. The total purchase price amounts to € 74m (€ 82m including transaction costs), reflecting a net initial yield of 7.6%. As the transaction is 70% equity financed, the loan-to-value will improve by c30bps. Matthijs Storm, CEO of Wereldhave commented: “This acquisition marks the start of the growth phase of Wereldhave’s LifeCentral strategy and completes a b
Kvika banki hf.: Result of subordinated bond offering5.12.2023 17:39:25 CET | Press release
Kvika has today concluded an offering of Tier-2 subordinated bonds in a new series, KVIKA 34 1211 T2i. Total demand amounted to ISK 4,820 million. The subordinated bonds were sold at par for an amount of ISK 2,000 million, where total issuance in the series is limited to ISK 4,000 million. The subordinated bonds are index linked and have an annual coupon of 6.25%. The maturity of the bonds is 11 December 2034 and are callable by the issuer at the interest payment date of 11 December 2029 and on every subsequent interest payment date. The subordinated bonds will be issued under Kvika’s EMTN programme and listed on Nasdaq Iceland. For further information please contact Kvika‘s investor relations at firstname.lastname@example.org
Zoom named a Leader in the 2023 Gartner® Magic Quadrant™ for UCaaS, Worldwide5.12.2023 17:31:56 CET | Press release
Zoom Celebrates its Fourth Consecutive Time in the Leaders Quadrant SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced that analyst firm Gartner has named Zoom a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a Service (UCaaS), Worldwide for the fourth time in a row. The UCaaS report evaluated 11 companies in the unified communications space, and Zoom has been recognized as a Leader in this space for its UCaaS offerings. Zoom includes enterprise-grade solutions like Zoom Team Chat, Zoom Phone, Zoom Meetings, Zoom Contact Center, and Zoom AI Companion. “We are excited to be named a Leader in the Gartner Magic Quadrant for UCaaS for the fourth consecutive year which we feel is a result of our ongoing commitment to offer an exceptional UCaaS experience," said Graeme Geddes, Chief Growth Officer at Zoom. “As we continue to innovate and evolve our platform, we remain true to solving real customer probl
Innofactor Plc: Share Repurchase 5.12.20235.12.2023 17:30:00 CET | Press release
Innofactor Plc Announcement 5.12.2023Innofactor Plc: Share Repurchase 5.12.2023In the Helsinki Stock ExchangeTrade date 5.12.2023Bourse trade BuyShare IFA1VAmount 4,600SharesAverage price/ share 1.1465EURTotal cost 5,273.90EURInnofactor Plc now holds a total of 571 129 sharesincluding the shares repurchased on 5.12.2023On behalf of Innofactor PlcNordea Bank OyjJanne Sarvikivi Sami HuttunenAdditional information:Sami Ensio, CEOInnofactor PlcTel. +358 50 584 email@example.com Attachment Innofactor_5.12_trades