ETERNA: PUBLICATION OF A MANDATORY TENDER OFFER TO QUALIFIED ETERNA PLC SHAREHOLDERS FOR 1,300,000 ORDINARY SHARES OF 50 KOBO EACH OF ETERNA PLC







This advertisement is published in accordance with the rules and regulations of the Securities & Exchange Commission

RC number: 1752458

PRELINE LIMITED

MANDATORY PUBLIC OFFER TO QUALIFIED SHAREHOLDERS OF

RC No: 124136

ETERNA PLC

FOR 1,300,000 COMMON SHARES OF 50 KOBO EACH OF ETERNA PLC

CONTEXT

  • Preline limited (“Preline” or the “Company”), has acquired 794,969,774 ordinary shares of Eterna PLC (“Eterna”), representing a 60.98% interest, from Eterna PLC (“Eterna”), on October 29, 2021 following receipt of required regulatory approvals from the Securities and Exchange
    Commission’s (“SEC”), the Nigerian Exchange Limited (“NGX”) and the Federal Competition and Consumer Protection Commission (“FCCPC”).
  • Pursuant to Part XII, Section 131(1)(a) of the Investments and Securities Act (No. 29 of 2007) (“ISA”) and Rule 445 of the Securities and
    Pursuant to the rules and regulations of the Exchange Commission, Preline is required to make a mandatory tender offer to all other shareholders of Eterna Plc other than Preline Limited.
  • The Preline Limited Board of Directors has granted its approval for a mandatory tender offer to be made to all qualifying shareholders of Eterna and has received “clearance to proceed” from the SEC with the tender offer purchase required.

OFFER SUMMARY

The offer:

Offering:

Offeror’s address:

Existing Shareholding of the Offeror in Eterna:

Qualification date:

Qualified shareholders:

Object of the offer:

Consideration:

Acceptance:

Acceptance period:

Mandatory tender offer to acquire 1,300,000 ordinary shares representing 0.10% of the issued and paid-up share capital of Eterna, not currently held by Preline Limited

Limited preline

Plot 8, Block 116 Akiogun Street, by Bosun Adekoya Road Lekki, Lagos

794,969,774 ordinary shares of 50 kobo each, representing 60.98% of the total issued and paid-up share capital of Eterna Plc by Preline

June 30, 2022

Eterna shareholders whose names appear on the register on the date of qualification.

To enable Preline to comply with Part XII, Section 131(1)(a) of the ISA and Rule 445 of the SEC Rules and Regulations, following its acquisition of a 60.98% interest in Preline limited.

Eligible Stakeholders who accept the Offer will receive a cash consideration of NOT13.50 per ordinary share tendered and purchased by Preline during the Acceptance Period.

Eterna shareholders may only accept this offer by completing and signing the Acceptance Form (included in the Mandatory Tender Offer Document) and delivering it to the Registrar, Cordros Registrars Limited during the Tender Period. ‘acceptance.

The period between 08 15 2022 and 09 05 2022 at 5 p.m. subject to a possible extension of the Acceptance Period during which the offer is open for acceptance.

Disclaimer

Eterna plc published this content on August 02, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on August 02, 2022 19:51:05 UTC.

Public now 2022

All news about ETERNA SA

Sales 2021 82,198m
197M
197M
Net income 2021 -1,100M
-2.64M
-2.64M
Net debt 2021 14,839 million
35.6 million
35.6 million
PER 2021 ratio -5.99x
2021 performance
Capitalization 8,086 million
19.4 million
19.4 million
EV / Sales 2020 0.29x
EV / Sales 2021 0.26x
# of employees 83
Floating 35.6%


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Number of analysts 0
Last closing price 6.20
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