Acceptance of the price proposed for the shares of the company Colt Group S.A. as fair price under the Squeeze-Out/Sell-out Law
Press release 16/04
On 1 December 2015, in accordance with the provisions of the law of 21 July 2012 on mandatory squeeze-out and sell-out of securities of companies currently admitted or previously admitted to trading on a regulated market or having been offered to the public (hereafter the “Squeeze-Out/Sell-Out Law”), the company Lightning Investors Limited (hereafter the “Majority Shareholder”) informed the CSSF of its decision to exercise its right of mandatory squeeze-out on the shares of the company Colt Group S.A. (hereafter the “Company”) which were formerly listed on the London Stock Exchange (ISIN LU0253815640).
On 16 December 2015, the Majority Shareholder communicated to the CSSF and published the proposed price of GBP 1.90 per Company share and a valuation report of the shares of the Company prepared by KPMG Luxembourg, Société Cooperative.
In view of the above, and taking into consideration that the CSSF has not received a valid opposition to the squeeze-out procedure on the shares of the Company as provided for in Article 4(6) of the Squeeze-Out/Sell-Out Law, the CSSF accepts the price proposed by the Majority Shareholder of GBP 1.90 per Company share as a fair price. In accordance with the provisions of this same article, the CSSF has informed the Majority Shareholder and the Company of the acceptance of the price.