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|Result of Vueling Tender Offer|
RNS Number : 8432K
This announcement relates to the delisting public tender offer for the shares of
This document does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities, nor shall there be any purchase, sale or exchange of securities or such solicitation in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. This document is not for distribution (directly or indirectly) in any jurisdiction where such distribution would be unlawful. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.
The distribution of this document may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law,
The number of acceptances of the Offer is below 90% of all the shares to which it was addressed, and, thus, lower than the threshold that would enable Veloz Holdco to exercise the squeeze-out right in accordance with the provisions of section 60 quater of Law 24/1988, of
The consideration payable by Veloz Holdco for the purchase of the shares of Vueling tendered in the Offer is € 19,387,084.25.
Accordingly, following completion of the Offer IAG will reach an indirect participation of 97.52% of the share capital of Vueling.
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Group's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2012; this document is available on www.iagshares.com.
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