Edition:
United Kingdom

ICAMAP To Buy 7.9 Mln Easyhotel Shares At 95P/Share In Cash


Thursday, 15 Aug 2019 

Aug 15 (Reuters) - easyHotel PLC ::EASYHOTEL PLC - UPDATED RECOMMENDED MANDATORY CASH OFFER.EASYHOTEL PLC - UPDATED RECOMMENDED MANDATORY CASH OFFER.EASYHOTEL PLC - EXPECTED THAT ACQUISITION WILL SETTLE ON 19 AUGUST 2019..EASYHOTEL PLC - ICAMAP UNCONDITIONALLY AGREED TO ACQUIRE 7,943,182 EASYHOTEL SHARES IN AGGREGATE AT A PRICE OF 95 PENCE PER EASYHOTEL SHARE IN CASH.EASYHOTEL PLC - UNDER TERMS OF UPDATED OFFER, EASYHOTEL SHAREHOLDERS WILL BE ENTITLED TO RECEIVE FOR EACH EASYHOTEL SHARE 95 PENCE IN CASH.EASYHOTEL PLC - FINANCIAL TERMS OF UPDATED OFFER ARE IDENTICAL TO FINANCIAL TERMS OF OFFER SET OUT IN ORIGINAL RULE.EASYHOTEL PLC - TERMS OF UPDATED OFFER VALUE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF EASYHOTEL AT APPROXIMATELY £138.7 MILLION.EASYHOTEL PLC - TERMS OF UPDATED OFFER IMPLIES AN ENTERPRISE VALUE OF £126.1 MILLION.EASYHOTEL PLC - EASYHOTEL DIRECTORS CONSIDER TERMS OF UPDATED OFFER TO BE FAIR AND REASONABLE.