Detailed results of the Mandatory Tender Offer for the shares of O2 CR
PPF Arena 2 B.V., a member of PPF Group, announces the results of the Mandatory Tender Offer (“MTO”) concerning the shares issued by O2 Czech Republic a.s. (O2 CR).
On the basis of the MTO, published on 2 June 2014, the offer period of which ended on 30 June 2014, PPF Arena 2 B.V. has acquired a total of 22,596,351 shares of O2 CR, each with a nominal value of CZK 87. Together they represent approximately 7.159% of the registered capital and 7.284% of the voting rights in O2 CR.
With regard to the number of the shares acquired and the acquired share of the voting rights and registered capital of O2 CR, the conditions which would trigger an obligation to make an additional offer were not met.
During the tender offer period, PPF Arena 2 B.V. received Acceptance Notices for a total of 50,815,238 shares of O2 CR, representing approximately 16.099% of the registered capital and 16.380% of the voting rights. However, because of material formal shortcomings in some of the Acceptance Notices which were at variance with the requirements of the Offer Document, PPF Arena 2 B.V. has been compelled to reject Acceptance Notices concerning a total of 28,218,887 shares of O2 CR and has not acquired the said shares.
On 14 August 2014, after the settlement of the transaction, PPF Arena 2 B.V. has acquired a total of 22,509,645 shares of O2 CR. Together they represent 7.131% of the registered capital and 7.256% of the voting rights in O2 CR.