ORCO PROPERTY News Release
Luxembourg, 5 February 2016
Further to its press releases of 7, 12, 22 January and 1 February 2016, ORCO PROPERTY GROUP (the "Company" or "ORCO") announces that all shares tendered in the Company's sales facility, amounting to 2,557,702 shares (the "Tendered Shares"), were sold on the Luxembourg Stock Exchange on 4 February 2016.
The average price of the Tendered Shares sold for the account of the respective shareholders amounts to EUR 0.14 per one Tendered Share. The proceeds will be distributed between shareholders participating in the sales facility on or before 8 February 2016. The shareholders are advised to read Euronext Notice PAR_20160205_00912_EUR.
The Company reminds that the last trading date of the Company shares (ISIN LU0122624777) on Euronext Paris will be 17 February 2016. The Company shares will be delisted from Euronext Paris on 18 February 2016. As from this date, those shares that were not tendered in the sales facility will remain with Euroclear France, but the shareholders that wish to trade their Company shares on the regulated market of LuxSE, are advised to kindly contact their custodians, financial intermediaries, banks, brokers and/or account holders for further information, since the conditions and requirements for such trading will change. Notably, the Company shares in Euroclear France will not be transferred and settled automatically, but clients will have to request their financial intermediaries for any such specific operation.
The 314,507,629 Company shares will continue to be listed on the regulated market of the LuxSE under the same ISIN code LU0122624777. Shareholders may request any additional information from their custodian and usual financial intermediary, who has received the details of the delisting.
The Information provided is not intended to, and does not encompass all the factors to be considered in respect of delisting of the Company's shares from the regulated market of Euronext Paris. The Information is not a legal advice. The Company does not represent, warrant, or guarantee that the Information is accurate. The Company disclaims liability for any direct, indirect, punitive, special, consequential, or incidental damages related to the Information or the use of the Information.
This disclaimer applies to the Information in its entirety, irrespective of whether the Information is used or viewed in whole or in part.‟
UNDER NO CIRCUMSTANCES SHALL THIS NOTICE CONSTITUTE AN OFFER TO SELL, OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES IN THE GRAND DUCHY OF LUXEMBOURG.
For more information, visit www.orcogroup.com
ORCO Property Group SA issued this content on 05 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 February 2016 16:51:06 UTC
Original Document: http://www.orcogroup.com/documents/OPG_Total_Number_of_Shares_in_Sales_Facility_5.February.2016.pdf
