Punch Reaches Agreement with Bencis on the Transfer of Shareholding in Xeikon
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The purchase and sale transaction relates to all 18,856,298 Xeikon shares, i.e. 65.68 percent of the subscribed share capital held by Punch.
According to the agreement, Bencis will pay a price of EUR 5.85 for each Xeikon share. This means a premium of 69 percent versus Xeikon’s closing price on January 7, 2013 and a 32 percent premium in relation to the average closing price of the Xeikon share in the last six months. The purchase price offered for the 18,856,298 shares held by Punch is EUR 110,309,343.30. No dividends or other distributions will be made prior to the transaction.
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