Compania Logistica de Hidrocarbrs CLH : The CNMV authorises CLH’s takeover bid for delisting its shares +info

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Compañía Logística de Hidrocarburos

The CNMV authorises CLH's takeover bid for delisting its shares

The Spanish National Securities Market Commission (CNMV) agreed on 15 July 2015 to authorise the takeover bid for delisting its shares submitted by CLH for those shares that are still traded on the stock exchange as, after examining the documentation submitted, this authority considers that the bid complies with the relevant legislation. This operation had already been approved by the company's shareholders at their General Meeting held in June.
The shares targeted by this proposal represent 2.54% of CLH's share capital. Of this percentage, 1.69% is owned by shareholders who have expressed their will to block their shares and the remaining 0.85% is owned by minority shareholders.
This means that only 598,789 of CLH's total of seventy million fifty-eight thousand four hundred and fifty shares are listed on the stock exchange. The company will pay 39.46 euros per share to those shareholders participating in the takeover bid.

Madrid, 15 July 2015