Corporate actions
08 Sep 2022

Koninklijke Boskalis Westminster NV: Takeover (Update as of 08 September 2022)

Update as of 08 September 2022

In a media release dated 07 September 2022, the company HAL Holding NV has announced that all offer conditions of the public tender offer to the shareholders of Koninklijke Boskalis Westminster have been fulfilled. Accordingly, as described in Corporate Action Info 002 and pursuant to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland, existing positions will be settled at the theoretical fair value. Reference price for the calculation of the fair values is the tender offer price of EUR 33.00 per share.

The final settlement prices for the options contracts with open interest are given in the table below. There is no open interest in the respective futures contracts.

On 08 September 2022, all participants with open positions will receive an information containing an overview of their respective open positions. Resulting cash balances will be booked on 08 September 2022, with value date 09 September 2022. In the end-of-day processing on 09 September 2022, open positions will be booked out, effective 12 September 2022.

Trading in the above-mentioned contracts has been discontinued.


Update as of 30 August 2022

On 29 August 2022, the company HAL Holding NV has announced to increase the offer price in the ongoing public tender offer to the shareholders of Koninklijke Boskalis Westminster from EUR 32.00 to EUR 33.00 per share. The acceptance period is extended until and including 06 September 2022.

Please note that as of 06 September 2022 until the announcement of the offer result, exercising of options is not allowed. Should the offeror declare the offer unconditional, trading in the affected contracts will be discontinued with immediate effect and open positions will be settled at the fair value as described in Corporate Action Info 001.


The company HAL Holding has announced, on 10th March 2022, its proposal to acquire Boskalis via a voluntary public takeover offer to the shareholders at a price of EUR 32.50 per share.

More information about this transaction is available on the company`s website under www.boskalis.com

 

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