PPF Group’s share buy-out offer to O2 CR retail shareholders closes
Today was the last day to accept the offer to buy out shares in O2 Czech Republic a.s. (O2), made by PPF Arena 2 B.V. to retail shareholders of O2 in early December 2014. Subject to the conditions set out in the proposal document, any individual shareholders could sell up to 200 of their shares for CZK 277.15 per share, which is the price (net of the dividend payout of CZK 18 per share) for which the company carried out a mandatory tender offer last June.
On the occasion of this last offer the amount of 1% of O2 shares, set as the maximum total volume of shares for the buyout, was not achieved. PPF Group will disclose the exact number of the shares acquired once the closing, set for 27 February 2015, has been completed.