OPG announces voluntary delisting from Euronext Paris
Boursorama•07/01/2016 à 17:56
ORCO PROPERTY GROUP (the "Company" or "ORCO") announces that following an in-depth review of its structure, operational and financial performances and costs related to its listing on Euronext Paris as well as taking the liquidity and trade volumes into account, the Company voluntarily requested the delisting of all of its 314,507,629 ordinary shares (ISIN LU0122624777) from Euronext Paris. This request was filed with Euronext pursuant to the Article P 1.4.4 of the Euronext Paris Rule Book and the Company has received the approval of its request by the Board of Directors of Euronext on 7 January 2016.
In connection with such delisting from Euronext Paris, a voluntary sales facility procedure on the regulated market of the Luxembourg Stock Exchange ("LuxSE") will be provided by the Company for the shareholders holding their shares in Euroclear France.
Shareholders wishing to sell their shares on the LuxSE should ask their financial intermediary to deliver their Company shares from 13 January 2016 to 27 January 2016, both inclusive to CACEIS, Paris, acting as centralizing agent appointed by Company.
The shares will be sold as from 4 February 2016 on the LuxSE at the market price at the time of the sale, after the centralization of the sell orders by CACEIS. CACEIS will calculate the average sale price of the Company shares and will transfer the sale proceeds to the selling shareholders once it receives the funds. ...