Patec Group’s offer to Broadway Industrial turns unconditional

The group’s offer has exceeded 50% of voting rights.

The mandatory cash offer of Patec Group to Broadway Industrial Group has turned unconditional as it has exceeded 50% of the voting rights attributable to the maximum potential share capital of the latter.

As of 6 pm on 14 November, the total shares agreed to be acquired by Patec–together with valid acceptances of the offer– amounted to more than 247m or 54.5% of the total number of shares of Broadway Industrial.

Acceptances of the offer amounted to 50.8 million shares, representing 11.19% of the total number of shares.

The closing date of the offer has been extended to 23 December.

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