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ChemChina Completes the First Settlement of the Tender Offers for Syngenta |
18-05-2017 |
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Información enviada por: Syngenta |
BASEL, Switzerland--(BUSINESS WIRE)-- China National Chemical Corporation (ChemChina) today announced the successful completion of the First Settlement of ChemChinas tender offers for Syngenta. Shareholders who tendered their shares by May 4, 2017 received the consideration of US$465 per share, and holders of American Depositary Shares ("ADSs") who tendered their ADSs received US$93 per ADS, on May 18, 2017. Shareholders who tender their shares or ADSs by the end of the Additional Acceptance Period on May 24, 2017 will receive the same consideration in the Second Settlement. The Second Settlement is expected to occur on June 7, 2017. In addition, a dividend of CHF 5 per share was paid to all shareholders on May 16, 2017.
The prospective timetable for the closing of the offers is as follows:
Wednesday, May 24, 2017 End of the Additional Acceptance Period
Friday, May 26, 2017
(at the latest) Provisional notice of the end result of the Offer
Wednesday, May 31, 2017 Definitive notice of the end result of the Offer
Wednesday, June 7, 2017 Second Settlement
Further, as soon as permitted by law and applicable regulations, it is intended to de-list the shares from the SIX and to de-list the ADSs from the NYSE.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta. |
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