Lenta Ltd Update on cash offer. Pre-condition satisfied (5270X)
30 Aprile 2019 - 8:56AM
UK Regulatory
TIDMLNTR TIDMLNTA
RNS Number : 5270X
Lenta Ltd
30 April 2019
FOR IMMEDIATE RELEASE
30 April 2019
Update on cash offer by Severgroup LLC for Lenta Ltd.
Pre-Condition Satisfied
The Lenta Independent Directors note the announcement today by
Severgroup that the pre-condition to the making of the cash offer
by Severgroup to acquire all of the issued and to be issued shares
of Lenta and all of the Lenta GDRs (excluding treasury shares) (the
"Offer") has been satisfied and, accordingly, that the Offer
Document is being made available to Lenta Securityholders
today.
The Lenta Independent Directors note that the Offer is not
subject to any conditions and, in particular, is not conditional
upon Severgroup achieving any particular level of acceptances under
the Offer. Full terms of the Offer are set out in the Offer
Document, which is available, subject to certain restrictions
relating to persons resident in Restricted Jurisdictions, on
Lenta's website at www.lentainvestor.com/en/investors.
Capitalised terms used but not otherwise defined in this
announcement have the meanings given to them in the Offer
Document.
Enquiries:
Lenta
Albert Avetikov Tel: +7 812 363-28-44
Email: albert.avetikov@lenta.com
J.P. Morgan (Financial Adviser to Lenta)
Toby Radford Tel: +44 20 7134 7066
Email: toby.radford@jpmorgan.com
Vladimir Blinov Tel: +7 495 937 7310
Email: vladimir.e.blinov@jpmorgan.com
Further information
J.P. Morgan Securities plc ("J.P. Morgan"), is authorised by the
PRA and regulated by the FCA and the PRA in the United Kingdom.
J.P. Morgan is acting exclusively as financial adviser to Lenta and
no one else in connection with the Offer and will not regard any
other person as its client in relation to the Offer and will not be
responsible to anyone other than Lenta for providing the
protections afforded to clients of J.P. Morgan or its affiliates,
or for providing advice in relation to the Offer or any other
matter referred to in this announcement.
This announcement is not intended to and does not constitute, or
form part of, an offer, invitation or the solicitation of an offer
to purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of any securities, or the solicitation of any vote or
approval in any jurisdiction, pursuant to the Offer or otherwise,
nor shall there be any sale, issuance or transfer of securities of
Lenta in any jurisdiction in contravention of applicable law. The
Offer is being made solely by means of the Offer Document, which
contains the full terms of the Offer including details of how it
may be accepted. Details on how eligible Lenta Securityholders can
accept the Offer are set out in the Offer Document.
A copy of the Offer Document is available, subject to certain
restrictions relating to persons resident in Restricted
Jurisdictions, on Lenta's website at
www.lentainvestor.com/en/investors. For the avoidance of doubt, the
contents of that website are not incorporated into and do not form
part of this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
OUPLIFSRSDIIVIA
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