Eurocastle Investment Limited: Eurocastle Announces Results of Tender Offer, Repurchase of 5 million Shares and Release Date ...
31 Luglio 2018 - 8:00AM
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Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481
723450
Eurocastle
Announces Results of Tender Offer
Company Repurchases 5 million Shares at €8.00 Per
Share
and
Release Date of the Financial Results for the Six
Months Ended 30 June 2018 on 10 August 2018
Guernsey. 31 July 2018 - Eurocastle Investment
Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company")
today announces the final results of its €40 million tender offer.
On 2 July 2018, Eurocastle sent a circular (the "Circular") to shareholders in relation to an offer for
the repurchase of up to 5 million ordinary shares in the Company
("Ordinary Shares") for a fixed price of €8.00
per Ordinary Share (the "Tender Offer").
The Tender Offer closed at 11:59pm (US Eastern
Time) on 30 July 2018. In accordance with the terms and conditions
set out in the Circular and based on the final count by the
Company's agent, ABN AMRO Bank N.V., Eurocastle accepted tenders of
5 million Ordinary Shares at a fixed price of €8.00 per Ordinary
Share for a total tender amount of €40 million, excluding fees and
expenses relating to the Tender Offer. Since the total number of
Ordinary Shares tendered exceeded the maximum number of Ordinary
Shares subject to the Tender Offer, all tenders of Ordinary Shares
in excess of Basic Entitlements (as defined in the Circular) have
been scaled back by 97.4673% in accordance with the terms and
conditions set out in the Circular. The Ordinary Shares accepted
for repurchase represent approximately 9.48% of the Ordinary Shares
in issue as of 30 July 2018.
The record date for the tendered Ordinary Shares repurchased was 30
July 2018 with settlement expected to occur on 6 August
2018.
Any capitalised terms not defined in this announcement have the
same meaning as in the Circular.
Release Date of
the Financial Results for the Six Months Ended 30 June 2018 on 10
August 2018
In addition, the Company announces
that it will release its financial results for the second quarter
ended 30 June 2018 on 10 August 2018 before the market opens.
Management will host an earnings conference call at 2:00 p.m.
London time (9:00 a.m. New York time) later that day. All
interested parties are welcome to participate on the live call. You
can access the conference call by dialling first +1-800-215-5243
(from within the U.S.) or +1-330-863- 8154 (from outside of the
U.S.) ten minutes prior to the scheduled start of the call; please
reference "Eurocastle Second Quarter 2018 Earnings Call" or
conference ID number "9975518".
A webcast of the conference call
will be available to the public on a listen-only basis at
www.eurocastleinv.com. Please allow extra time prior to the call to
visit the site and download the necessary software required to
listen to the internet broadcast. A replay of the webcast will be
available for three months following the call. For those who are
not available to listen to the live call, a replay will be
available until 11:59 p.m. New York time on Monday, 10 September
2018 by dialling +1-855-859-2056 (from within the U.S.) or
+1-404-537-3406 (from outside of the U.S.); please reference access
code "9975518".
About
Eurocastle
Eurocastle Investment Limited is a
publicly traded closed-ended investment company that focuses on
investing in performing and non-performing loans and other real
estate related assets primarily in Italy. The Company is Euro
denominated and is listed on Euronext Amsterdam under the symbol
"ECT". Eurocastle is managed by an affiliate of Fortress Investment
Group LLC, a leading global investment manager. For more
information regarding Eurocastle Investment Limited and to be added
to our email distribution list, please visit
www.eurocastleinv.com.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Eurocastle Investment Limited via
Globenewswire
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