Regulatory News
Cοmpletion of the cross-border merger
Brussels, Belgium, 14 December 2016
The enclosed information constitutes inside information and is to be considered regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
Cenergy Holdings SA, a Belgian public limited liability company, announces that the cross-border merger by absorption by Cenergy Holdings SA of the Greek listed companies Corinth Pipeworks Holdings S.A. and Hellenic Cables S.A. Holdings Société Anonyme, has been completed today as a result of the execution of the notarial deed in Belgium attesting the completion of the cross-border merger. As a result, the cross-border merger has become effective.
The expected timeline of principal events which was announced to the public as per the announcement of Cenergy Holdings SA dated 8 December 2016 remains in effect. Based on such timeline, the shares resulting from such cross-border merger are expected to be issued and delivered to the former shareholders of Corinth Pipeworks Holdings S.A. and Hellenic Cables S.A. Holdings Société Anonyme on or about 20 December 2016.
Transaction highlights
Cenergy Holdings SA has completed a cross-border merger with two Greek listed companies, Corinth Pipeworks Holdings S.A. (Corinth Pipeworks) and Hellenic Cables S.A. Holdings Société Anonyme (Hellenic Cables).
As a result of the completion of such cross-border merger, Cenergy Holdings SA has become the holding company of a group of companies active in the fields of steel pipes and cables production, distribution and trade. Corinth Pipeworks represents the steel pipes segment and is a supplier of choice for oil and gas companies and international construction companies. Hellenic Cables represents the cables segment and is one of the largest cable producers in Europe.
To view the prospectus relating to the listing of the shares of Cenergy Holdings SA on Euronext Brussels and the Athens Stock Exchange, please go to Cenergy Holdings SA’s website at www.cenergyholdings.com.
This announcement is not an offer to sell, or a solicitation of an offer to acquire any securities. This announcement is not an advertisement and not a prospectus and investors should not purchase any securities referred to in this announcement except on the basis of information in the prospectus published by Cenergy Holdings SA in connection with the admission to trading and listing of all its shares on Euronext Brussels and the Athens Stock Exchange in the context of the cross-border merger by absorption by Cenergy Holdings SA of Corinth Pipeworks Holdings S.A. and Hellenic Cables S.A. Holdings Société Anonyme.