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The company Sempione Retail AG announced its proposal to acquire Charles Vögele AG via a takeover offer to the shareholders of Charles Vögele AG at a price of CHF 6.38 per share.
More information about this transaction is available on the company`s website under www.charles-voegele.ch.
This information describes the potential effects this transaction will have on the above mentioned contracts.
The company Sempione Retail AG has announced the result of the tender offer to the Charles Vögele AG shareholders. According to the announcement the acceptance level was 78,38%. The closing of the offer is still subject to the fulfillment of different offer conditions. The fair value settlement will be processed at the time when all offer conditions will be met.
With effect of 23st of November 2016 and until the closing of the offer the underlying of the option on Charles Vögele AG shares will change to the tendered Charles Vögele AG shares as mentioned in the table below.
Product code | Underlying-ISIN old | Product-ISIN old | Underlying-ISIN new | Product-ISIN new |
VCN | CH0006937772 | CH0006937772 | CH0342055750 | CH0342055750 |
The updated contract specifications for futures contracts and options contracts at Contract Specifications for Futures Contracts and Options contracts at Eurex Deutschland and Eurex Zürich will be published on the Eurex website www.eurexchange.com under the link:
Resources > Rules and Regulations > Contract specifications
The company Sempione Retail Ltd. announced on 22 November 2016 the fulfilment of all closing conditions and the settlement of the public takeover offer of Charles Voegele Ltd. Accordingly, as described in corporate action info 001 and pursuant to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich, number 1.6.7 (7) and 2.6.10.1 (7) existing positions in the series for the Eurex option contract on shares of of Charles Voegele Ltd will be settled at theoretical fair value based on the offer price of CHF 6.38. Settlement of the options contract will take place effective 25 November 2016 based on the settlement prices of 24 November 2016. On 24 November 2016, all participants with open positions will receive a FAX containing an overview of their respective open positions. Booking of the cash amount will take place on 24 November 2016 with value date 25 November 2016. In the end-of-day batch processing of 25 November 2016, the positions will be booked out effective 28 November 2016. For a list of theoretical fair values (final settlement prices) for the respective series of the Eurex option contract on shares of Charles Voegele Ltd, please refer to the attachment.
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