Paris, France, October 17, 2017

Gecina now holds 99.75% of the diluted capital of Eurosic, allowing the implementation of the squeeze-out by the end of October

Following the acquisition of Eurosic’s blocks of securities on August 29, 2017, Gecina was holding close to 85% of the capital of Eurosic on a diluted basis. The release of the results of the simplified alternative public tender and exchange offer filed by Gecina on September 19, 2017 (the “Offer”) indicates that Gecina’s holding reach 99.75% as of today. This achievement favors the finalization of the acquisition of Eurosic through the implementation of the squeeze-out and delisting by the end of October. These last steps will promote the integration process of Eurosic.

Gecina and Eurosic announce that on October 17, 2017, the French Market Authority (Autorité des marchés financiers (AMF)) published a notice releasing the final results of the Offer and stated that 8,957,495 shares and 364,852 obligations subordonnées remboursables en actions (OSRA) were tendered in the Offer, representing in total 14.40%1 of the diluted capital of Eurosic.

Among the 9,322,347 shares and OSRA tendered in the Offer, 81.30% were tendered in the exchange offer, the remaining balance in the cash offer.

As a result, Gecina now holds 47,079,603 shares, that is 99.67%[1] of the share capital of Eurosic, and 17,491,754 OSRA Eurosic, representing in total 99.75% of the diluted capital1.

As previously announced, Gecina will implement a squeeze-out and delisting to allow for the transfer of shares and OSRA of Eurosic not already owned by Gecina in exchange for a compensation equal to the price offered in the Offer.

In this regard, a request was made to Euronext Paris to suspend the trading of the shares and OSRA of Eurosic after market closing on October 16, 2017.

The information document prepared by Gecina relating to the simplified alternative public tender and exchange offer which was granted the AMF visa n°17-502 on September 19, 2017, as well as information regarding the characteristics, in particular the legal, financial and accounting characteristics, of Gecina are available on the website of the AMF (www.amf-france.org) and on the website of Gecina (www.gecina.fr). These documents are also available free of charge at:

  • Gecina 14-16, rue des Capucines 75002 Paris France
  • Deutsche Bank AG, Succursale de Paris 23-25, avenue Franklin Roosevelt 75008 Paris France
  • Natixis 47 quai d’Austerlitz 75013 Paris France

 

The document in response prepared by Eurosic which was granted the AMF visa n°17-503 on September 19, 2017, as well as information regarding the characteristics, in particular the legal, financial and accounting characteristics, of Eurosic are available on the website of the AMF (www.amf-france.org) and on the website of Eurosic (www.eurosic.fr). These documents are also available free of charge at:

  • Eurosic 1, rue de Euler  75008 Paris 

[1] Eurosic share capital post dilution from OSRAs and excluding treasury shares

[1] Eurosic share capital excluding treasury shares

This press release has been prepared for information purposes only. It does not constitute an offer to purchase, to sell, or exchange, or the solicitation of an offer to purchase, to sell or exchange, securities of Eurosic or Gecina.

The transmission, publication and distribution of this press release may be restricted by law in certain jurisdictions. Any person having the press release at its disposal and located in such jurisdictions shall take notice of and conform to the legal restrictions in effect.

The press release does not constitute an offer to sell or purchase, or a solicitation of any offer to purchase or to subscribe for, any securities of Eurosic or Gecina in the Unites States of America. Securities may not be offered, subscribed or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), except pursuant to an exemption from the registration requirements thereof. The securities of Eurosic and Gecina have not been and will not be registered under the U.S. Securities Act and Eurosic or Gecina does not intend to make a public offer of its securities in the Unites States of America.

Each of Eurosic, Gecina, their respective shareholders, counsels or representatives will not bear any liability for any use by any person of this press release and the information it contains, or more generally in relation with this press release.

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