Fragiolig Holdings will acquire 2.3 million shares in Atlas Estates as a result of the tender offer
Fragiolig Holdings Ltd. will acquire 2,297,401 shares of Atlas Estates as a result of a tender offer to subscribe for the sale of the company's shares, the intermediary, Dom Maklerski Banku Handlowego, announced.
On June 15, 2022, transactions for the acquisition of the company's shares on the Warsaw Stock Exchange (WSE) as a result of the tender offer were concluded. As a result of the settlement of these transactions, the entity calling 1 will acquire 2,297,401 shares of the company listed on the WSE, it was announced.
In April, Fragiolig Holdings Ltd. (the purchasing entity) and Atlas International Holding Limited announced a tender offer to subscribe for the sale of 2,759,903 shares, representing approximately 5.48% of Atlas Estates' equity, at a price of PLN 2.3 per share. The tender offer was announced in order to withdraw the shares from trading on the WSE.
As a result of the tender offer, Fragiolig Holdings intended to acquire 40,322,787 shares of the company, constituting approx. 80.13% of the capital (including shares held by the company as own shares). Subscriptions in the tender offer were accepted from May 11 to June 10 this year.
Atlas Estates Limited is a Guernsey-based company that invests in real estate in Central and Eastern Europe. The company made its debut on the Warsaw Stock Exchange in 2008.
Source: Atlas Estates and ISBnews