CPI PROPERTY GROUP ANNOUNCEMENT OF THE APPOINTMENT OF AN INDEPENDENT EXPERT WITHIN THE CONTEXT OF THE MANDATORY TAKEOVER BID BY NUKASSO HOLDINGS LIMITED OVER ANY AND ALL THE ORDINARY SHARES IN ORCO PR

Donnerstag, 22.09.2016 20:40

DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous
 CPI PROPERTY GROUP ANNOUNCEMENT OF THE APPOINTMENT OF AN INDEPENDENT EXPERT
 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.
 
 22.09.2016 / 20:34
 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, 22 September 2016 CPI PROPERTY GROUP ANNOUNCEMENT OF THE APPOINTMENT OF AN INDEPENDENT EXPERT 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 the appointment by the CSSF of 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") the appointment by the Commission de Surveillance du Secteur Financier (the "CSSF") on 22 September 2016 of 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"). This press release is to be read together with the press release by the Bidder dated 5 August 2015. The respective engagement letter containing the terms and conditions of the Valuation Expert's mandate was signed by CPI Property Group S.A. and the Valuation Expert on 21 September 2016 after being reviewed by the CSSF. The final valuation report shall be submitted to the CSSF on or by 7 November 2016 and shall be annexed to the Offer Document to be published on or by such date, subject to the CSSF approval of the Offer Document. Should the Valuation Expert not be in a position to provide the above mentioned valuation report within the above referred-to deadline, the Valuation Expert must provide the CSSF with a written explanation. The valuation report will take 8 June 2016 as the valuation date and will be reviewed for any known and material events or circumstances impacting the valuation opinion of the Valuation Expert arising between the valuation date and the date of the Offer Document. 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 18 F +49 40 60 91 86 60 E andrew.stammler@kirchhoff.de
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22.09.2016 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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