Semapa : Notification from Sodim, SGPS, S.A. regarding the waiver of the condition of success and information on the acceptance levels of the general and voluntary tender offer
June 01, 2021 at 03:59 pm EDT
Share
SEMAPA - Sociedade de Investimento e Gestão, SGPS, S.A.
Public Limited Company
Head Office: Avenida Fontes Pereira de Melo, no. 14, 10th, Lisboa
Share Capital: 81,270,000 Euro
Corporate Person and Lisbon Companies Registry: 502593130
DISCLOSURE
PRIVILEDGED INFORMATION
Under the terms of article 248-A of the Portuguese Securities Code, Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. ("Semapa") hereby informs the market of the following:
Today, Sodim, SGPS, S.A. ("Sodim"), in its capacity as offeror, delivered to Semapa, in its capacity as target company, information to the market related to the waiver of the condition of success and information on the acceptance levels registered of the general and voluntary tender offer for the acquisition of ordinary shares representing the share capital of Semapa. Thus, at the request of Sodim, the aforementioned information that was addressed to Semapa, and which is attached hereto, is hereby disclosed.
Registered at the CRC of Lisbon with identification number: 500.259.674
INFORMATION TO THE MARKET
RELATED TO THE
GENERAL AND VOLUNTARY TENDER OFFER FOR THE ACQUISITION OF THE ORDINARY SHARES REPRESENTING THE SHARE CAPITAL OF SEMAPA - SOCIEDADE DE INVESTIMENTO E GESTÃO, SGPS, S.A.
WAIVER OF THE CONDITION OF SUCCESS AND
INFORMATION ON THE ACCEPTANCE LEVELS REGISTERED
Sodim, SGPS, S.A. ("Sodim"), with reference to the general and voluntary tender offer for the acquisition of shares representing the share capital of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. ("Semapa") ("Offer") hereby informs the market that:
As of market close today, 1 June 2021, since the beginning of the acceptance period of the Offer, total transmitted orders to accept the Offer correspond to 6,230,426 shares, corresponding to approximately 7.67% of Semapa's share capital and to 7.80% of the voting rights of Semapa. In accordance with the conditions of the Offer, these acceptance orders became irrevocable as of the present date.
In addition, during the Offer period, Sodim acquired in the regulated market of Euronext Lisbon, until the end of today's trading period in such market, a total of 892,133 Semapa's shares, corresponding to approximately 1.10% of the respective share capital and to 1.12 % of the voting rights of Semapa.
Given the acceptance levels verified so far, Sodim intends to inform the market that it will waive the condition of success included in its Offer on the date of assessment of the results of the Offer, and in accordance with its documents, so that all orders for the sale of shares transmitted by the Shareholders to their financial intermediaries in the context of the Offer shall be accepted and executed.
Thus, and based on the acceptance levels established to date, Sodim has already assured that it will hold, directly and indirectly, after the conclusion of the Offer, at least 80.67% of Semapa's share capital that corresponds to 82.09% of the voting rights of the Target.
As a result of this decision to waive the condition of success of the Offer, and if Sodim, as a result of it, does not reach at least 90% of Semapa's voting rights, Sodim will instruct Banco Comercial Português, S.A. and Caixa - Banco de Investimento, S.A., so that, in the 5 business days subsequent to the day on which the results of the Offer are assessed, they proceed with the purchase, on behalf of Sodim, of all shares representing Semapa's share capital that may be offered for purchase, at the price, in cash, equal to the price paid by Sodim in the Offer, i.e., at the price of €11.66 (eleven and sixty euros and six cents) per Semapa share. The description of the operational terms of this acquisition process, if applicable, will be included in a specific communication that Sodim will disclose to the market on the day of the assessment of the results of the Offer, scheduled for 7 June 2021.
Under the terms of the Offer documents, the Shareholders who decide to sell their shares in the context of the Offer must communicate that intention to their financial intermediaries until 3 pm GMT on 4 June 2021.
Semapa - Sociedade de Investimento e Gestão SGPS SA published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 19:58:02 UTC.
Semapa is a diversified group organized around 3 sectors of activity:
- production of paper and pulp (78.9% of net sales);
- production of cement and building materials (19.3%): primarily cement and clinker, aggregates, mortar and ready-to-use concrete;
- environmental services (1.8%).
Net sales are distributed geographically as follows: Portugal (24.5%), Europe (43.8%), Americas (14.1%), Africa (12.1%) and Asia (5.5%).
Semapa : Notification from Sodim, SGPS, S.A. regarding the waiver of the condition of success and information on the acceptance levels of the general and voluntary tender offer
SEMAPA 
