CPI PROPERTY GROUP ANNOUNCEMENT OF A POSTPONEMENT OF THE SUBMISSION OF THE FINAL VALUATION REPORT TO THE CSSF WITHIN THE CONTEXT OF THE MANDATORY TAKEOVER BID BY NUKASSO HOLDINGS LIMITED OVER ANY AND

Freitag, 25.11.2016 08:35

DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous
 CPI PROPERTY GROUP ANNOUNCEMENT OF A POSTPONEMENT OF THE SUBMISSION OF THE
 FINAL VALUATION REPORT TO THE CSSF WITHIN THE CONTEXT OF THE MANDATORY
 TAKEOVER BID BY NUKASSO HOLDINGS LIMITED OVER ANY AND ALL THE ORDINARY
 SHARES IN ORCO PROPERTY GROUP S.A.
 
 25.11.2016 / 08:28
 The issuer is solely responsible for the content of this announcement.
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CPI PROPERTY GROUP (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254 PRESS RELEASE Luxembourg, 25 November 2016 CPI PROPERTY GROUP ANNOUNCEMENT OF A POSTPONEMENT OF THE SUBMISSION OF THE FINAL VALUATION REPORT TO THE CSSF WITHIN THE CONTEXT OF THE MANDATORY TAKEOVER BID BY NUKASSO HOLDINGS LIMITED OVER ANY AND ALL THE ORDINARY SHARES IN ORCO PROPERTY GROUP S.A. CPI PROPERTY GROUP announces on behalf of its wholly owned subsidiary Nukasso Holdings Limited a postponement of the submission of the final valuation report to the CSSF elaborated by PricewaterhouseCoopers société cooperative (Luxembourg) represented by Mr Grégoire Huret as the independent expert for the determination of the equitable price to be offered to the shareholders of ORCO Property Group S.A. in the context of the mandatory takeover bid by Nukasso Holdings Limited and the persons acting in concert with it over any and all of the ordinary shares in ORCO Property Group S.A. CPI PROPERTY GROUP société anonyme hereby announces on behalf of its wholly owned subsidiary Nukasso Holdings Limited and the persons acting in concert with it (the "Bidders") that the draft of final valuation report to be submitted to the Commission de Surveillance du Secteur Financier (the "CSSF") by PricewaterhouseCoopers société cooperative (Luxembourg) represented by Mr Grégoire Huret as the independent expert (the "Valuation Expert") for the determination of the equitable price to be offered to the shareholders of ORCO Property Group S.A., a public limited liability company (société anonyme) incorporated under the laws of Luxembourg and registered with the Luxembourg Trade and Companies Register (RCS) under number B 44 996 ("ORCO") in the context of the mandatory takeover bid (the "Mandatory Bid") over any and all of the ordinary shares of ORCO (the "ORCO Shares") shall be submitted to the CSSF on or by 30 November 2016. This press release is to be read together with the press release by the Bidder dated 22 September 2016. The final valuation report for the determination of the equitable price to be offered to the shareholders of ORCO was scheduled to be submitted to the CSSF on or by 7 November 2016. Such submission being postponed due to the final valuation process, the draft of final valuation report shall be submitted to the CSSF on or by 30 November 2016. Upon submission of a final valuation report to the CSSF, such final valuation report shall be annexed to the Offer Document to be published, subject to the CSSF approval of the Offer Document in accordance with the provisions of the law dated 19 May 2006 as amended. Any further modification to the calendar of the Mandatory Bid, if necessary and any modification to the schedule of the bid will be made public by CPI Property Group société anonyme and ORCO under the Luxembourg law of 11 January 2008 on transparency requirements for issuers, as amended. For further information please contact: Kirchhoff Consult AG Andrew Stammler Herrengraben 1 20459 Hamburg T +49 40 60 91 86 34 F +49 40 60 91 86 60 E andrew.stammler@kirchhoff.de
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25.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: CPI PROPERTY GROUP 40, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +352 264 767 1 Fax: +352 264 767 67 E-mail: contact@cpipg.com Internet: www.cpipg.com ISIN: LU0251710041 WKN: A0JL4D Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart End of News DGAP News Service
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