Dufry secures over 90% shareholding threshold in Autogrill
Dufry has secured 94.5% of the share capital of Autogrill following the latest tender offer to shareholders, which means that Autogrill shares can now be delisted from the Milan Stock Exchange. Dufry plans to implement the delisting as soon as possible in the coming weeks.
Based on the preliminary results of the reopening of the tender period commenced on May 26, 2023, and ended on June 1, 2023, additional 27,801,682 Autogrill shares (equal to 7.22% of the share capital of Autogrill) have been tendered in the offer. Therefore, based on the preliminary results, taking into account the ordinary shares of Autogrill already held by Dufry and the treasury shares owned by Autogrill, Dufry will hold 94.50% of the share capital of Autogrill.
Based on the information available as of today, 99.83% of the Autogrill shares tendered in the offer during the reopening of the tender period, opted for the share consideration (0.1583 newly-issued Dufry shares for each Autogrill share), and 0.17% of the shares tendered opted for the cash alternative consideration (EUR 6.33 for each Autogrill share). Also based on today’s results, Dufry expects to issue 4.39 million additional new shares related to the tendering during the reopening period; the first day of trading for those shares is expected to be June 8, 2023.
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