In teoria sino a 100k dovrebbero riacquistare in toto
o Rabobank will use reasonable endeavors to accept any Tender Instructions representing a
nominal amount of EUR 100,000 or less in full and accept Tender representing a nominal
amount of more than EUR 100,000 for a nominal amount of at least EUR 100,000. Rabobank
reserves the right to reduce these thresholds at its discretion, including if the Tender Offer
is oversubscribed by Tender Instructions representing a nominal amount of EUR 100,000 or
less alone.
non avevo ancora letto il comunicato e sicuramente è un fattore a favore del retail però leggendo tutto non è scontato, io non sono in grado di fare previsioni. Se hanno molte adesioni sotto i 100k si va al riparto comunque:
Subject to rabobank's absolute discretion to accept or reject tender instructions in whole or in part and to
scale such tender instructions in case of oversubscription, rabobank will use reasonable endeavours to: (a)
calculate scaled acceptance of tender instructions in case of oversubscription by multiplying the aggregate
purchase price payable in respect of the certificates represented by each validly submitted tender instruction
by a scaling factor, determined by reference to: (i) the maximum purchase consideration divided by (ii) the
aggregate purchase price payable in respect of the certificates validly tendered in the tender offer (subject to
adjustment to allow for acceptance in accordance with paragraphs (b), (c) and (d) below, and subject to
adjustment to allow for the aggregate purchase price payable in respect of certificates accepted for purchase,
following the rounding of tender instructions as set out below, to be as close as possible to or to equal exactly
the maximum purchase consideration), (b) accept any tender instructions representing a nominal amount of
EUR 100,000 or less in full and accept tender instructions representing a nominal amount of more than EUR
100,000 for a nominal amount of at least EUR 100,000. rabobank reserves the right to reduce these thresholds
at its discretion, including if the tender offer is oversubscribed by tender instructions representing a nominal
amount of EUR 100,000 or less alone, (c) apply the scaling factor (to the extent practicable, and adjusted as
may be applicable) to each valid tender instruction in such a manner as will result in the relevant holders
residual amount of certificates (being the nominal amount of the certificates the subject of the relevant tender
instruction that are not accepted for purchase by virtue of such scaling) amounting to either: (i) at least the
minimum denomination (being EUR 25) or (ii) zero (d) treat valid tender instructions representing the same
amount in the same way, and (e) round the number of certificates accepted to a whole certificate (or to nil, as
the case may be). depending on how a holder holds its certificates, financial intermediaries, custodians, banks
and stock brokers may apply their own conditions which may result in rounding of fractions up or down, as the
case may be.
