Roemer Capital announces tender offer for Fix Price GDRs

Published 17/02/2025, 14:12
Roemer Capital announces tender offer for Fix Price GDRs

LIMASSOL - Roemer Capital (Europe) Limited, a private investment firm based in Cyprus, has announced an invitation to certain holders of Global Depositary Receipts (GDRs) representing interests in Fix Price Group PLC to tender their GDRs for sale. The offer, which was made public on Monday, aims to acquire up to 42 million units of GDRs at a purchase price of USD 1.45 per GDR.

The tender is subject to the terms and conditions outlined in the Invitation to Voluntary Tender Memorandum and the template tender instructions, both of which are available on Roemer Capital's designated website. The offer is set to expire at 16:00 UTC on March 17, 2025, unless extended, reopened, withdrawn, or terminated at the discretion of the Purchaser.

Roemer Capital, authorized and regulated by the Cyprus Securities and Exchange Commission, is not affiliated with Fix Price Group PLC or its management. The invitation is exclusively addressed to eligible sellers, as defined in the memorandum, and their authorized representatives and agents. It is important to note that GDRs not available for settlement through the Euroclear Bank SA/NV settlement system, including those held through the Depositary Trust Company and/or Clearstream Banking S.A., are not eligible for the tender.

The firm has emphasized its right to reject any tender instructions, not accept any tendered GDRs, or amend the terms and conditions of the tender documents at its sole discretion. Furthermore, Roemer Capital has stated that it will not be liable for any costs or expenditure incurred by any tenderer in relation to the tender documents, even if the tender documents are withdrawn, terminated, or amended.

Roemer Capital has made no recommendation as to whether eligible sellers should tender their GDRs, advising sellers to seek their own financial and legal advice. The company also clarified that it shall not be liable if the settlement of any transaction entered into according to the tender documents could not be completed for any reason.

This invitation is based on a press release statement and is not an offer to buy or a solicitation of an offer to sell the GDRs in any jurisdiction where such an offer or solicitation would be unlawful.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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