CNOVA N.V.: FINAL RESULTS OF THE TENDER OFFERS TARGETING THE SHARES OF CNOVA INITIATED BY CASINO, GUICHARD-PERRACHON
31 Janvier 2017 - 10:01PM
CNOVA
N.V.
FINAL RESULTS OF THE TENDER OFFERS
TARGETING THE SHARES OF CNOVA
INITIATED
BY CASINO, GUICHARD-PERRACHON
Amsterdam, January 31, 2017,
22:01 CET - Cnova N.V. (NASDAQ & Euronext Paris: CNV; ISIN:
NL0010949392) ("Cnova" or the "Company") - announced today the
final results of the simplified tender offer of Casino,
Guichard-Perrachon ("Casino") targeting the ordinary shares of
Cnova (the "Cnova Shares") made in the United States (the "U.S.
Offer") and in France (the "French Offer", and together with the
U.S. Offer, the "Offers").
According to the final results
communicated to Casino, 31,728,136 Cnova Shares have been tendered
into the Offers (of which 16,760,610 to the U.S. Offer and
14,967,526 to the French Offer). As a consequence, Casino should
hold (with the shareholdings of its subsidiaries), following the
settlement of the Offers, 340,665,252 Cnova Shares representing
98.88% of the share capital and 99.41% of the voting rights of
Cnova.
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Update: as
announced on January 3, 2017, Cnova will release its 2016 Full Year
Financial Results on Thursday, February 23, 2017 at 07:45 CET. An
accompanying investor presentation will be made available on the
Company's website on the same date at approximately the same time.
The 2016 Full Year conference call and webcast originally scheduled
to be held later that day at 16:00 CET, on the other hand, will not
take place.
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Cnova Investor Relations Contact:
Cnova N.V.
Head of Investor Relations
+31 20 795 06 71
investor@cnova.com
|
Media Contact:
Cnova N.V.
Head of Communications
+ 31 20 795 06 76
directiondelacommunication@cnovagroup.com |
About Cnova
N.V.
Cnova N.V., one of the leading e-Commerce
companies in France, serves 8.2 million active customers via its
state-of-the-art website, Cdiscount. Cnova N.V.'s product offering
of more than 20 million items provides its clients with a wide variety of very
competitively priced goods, several fast and customer-convenient delivery options as well as practical
payment solutions. Cnova N.V. is part of Groupe Casino, a global
diversified retailer. Cnova N.V.'s news releases are available at
www.cnova.com. Information available on, or accessible through, the
sites referenced above is not part of this press release.
This press
release contains regulated information (gereglementeerde
informatie) within the meaning of the Dutch Financial Supervision
Act (Wet op het financieel toezicht) which must be made publicly
available pursuant to Dutch and French law. This press release is
intended for information purposes only.
Forward-Looking
Statements
This press
release contains forward-looking statements. Such forward-looking
statements may generally be identified by words like "anticipate,"
"assume," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"future," "will," "seek" and similar terms or phrases.
Examples of forward-looking statements include, but are not limited
to, statements made regarding the possibility, timing and other
terms and conditions of the proposed transaction and the related
offer by Cnova's controlling shareholder Casino for the outstanding
shares of Cnova. The forward-looking statements contained in
this press release are based on management's current expectations,
which are subject to uncertainty, risks and changes in
circumstances that are difficult to predict and many of which are
outside of Cnova's control. Important factors that could cause
Cnova's actual results to differ materially from those indicated in
the forward-looking statements include, among others: the effect of
the reorganization agreement, dated as of August 8, 2016,
between Cnova Brazil, Via Varejo and Cnova on the ability of Cnova
to retain and hire key personnel, maintain relationships with its
customers and suppliers, and maintain its operating results and
business generally; the outcome of any legal proceedings that may
be instituted against Cnova and others relating to the
reorganization agreement, dated as of August 8, 2016, between Cnova
Brazil, Via Varejo and Cnova; changes in global, national, regional
or local economic, business, competitive, market or regulatory
conditions; and other factors discussed under the heading "Risk
Factors" in the U.S. Annual Report on Form 20-F for the year
ended December 31, 2015, filed with the SEC on
July 22, 2016, and other documents filed with or furnished to
the SEC. Any forward-looking statements made in this press release
speak only as of the date hereof. Factors or events that could
cause Cnova's actual results to differ from the statements
contained herein may emerge from time to time, and it is not
possible for Cnova to predict all of them. Except as required by
law, Cnova undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future developments or otherwise.
Cnova CGP TO Results
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cnova N.V. via Globenewswire
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