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RUBIS
RUBIS: Large success of rubis' take-over offer on KenolKobil Plc - Final
holding 97.6% - Plan to de-list following compulsorily purchase from Nairobi
SE
08-March-2019 / 17:35 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Paris, March 8th, 2019, 5:35 p.m.
The Capital Market Authority of Kenya has declared completed and
unconditional the offer made by Rubis ??nergie to acquire the shares of
KenolKobil Plc that were not already owned.
Being confirmed that:
· upon completion of the transfer of the shares, Rubis will hold shares
representing 97.60% of the total issued share capital of KenolKobil; and
· Rubis has received approvals from the Competition Authority, the COMESA
Competition Commission and the consent of the Energy Regulatory
Commission. All the conditions as set out in the offer document dated 20
December 2018 have been fulfilled.
As a result, Rubis is launching today the share transfer process.
Rubis will apply the provisions of the laws of Kenya to compulsorily acquire
the remaining shares of KenolKobil. The acquisition will be made at the
offer price of KES 23 per share. Further details about this process will be
sent to all concerned shareholders.
As set out in the offer document, Rubis will initiate a process to obtain
the requisite shareholder and regulatory approvals to de-list KenolKobil's
shares from the Nairobi Securities Exchange.
This will allow Rubis to integrate shortly KenolKobil within Rubis'
accounting and governance systems.
On the basis of the offer price per share of KES 23 applied on the full
number of shares (post compulsory shares purchase) total amount paid for the
equity would reach EUR312 million entirely financed by existing credit
lines.
Next meeting:
2018 annual results on 12 March 2019 (after market closing)
Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie RUBIS - Investor Relation
Gabrieli s
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
Regulatory filing PDF file
Document title: RUBIS: Large success of rubis' take-over offer on KenolKobil
Plc - Final holding 97.6% - Plan to de-list following compulsorily purchase
from Nairobi SE
Document: http://n.eqs.com/c/fncls.ssp?u=CILITKGRTH [1]
Language: English
Company: RUBIS
46, rue Boissière
75116 Paris
France
Phone: +33 144 17 95 51
Fax: +33 145 01 72 49
E-mail: communication@rubis.fr
Internet: www.rubis.fr
ISIN: FR0013269123
Euronext Ticker: RUI
AMF Category: Activity of the issuer(acquisitions, sales...)
End of Announcement EQS News Service
785547 08-March-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c0309c4e299407e3d86887d52dcec4b7&application_id=785547&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 08, 2019 11:35 ET (16:35 GMT)
