Inloggen

Login
 
Wachtwoord vergeten?

Aandeel NIBC Holding N.V. AEX:NIBC, NL0012756316

  • 7,460 4 dec 2020 17:35
  • 0,000 (0,00%) Dagrange 7,450 - 7,470
  • 85.327 Gem. (3M) 446K

Forum NIBC geopend

4.686 Posts
Pagina: «« 1 ... 228 229 230 231 232 ... 235 »» | Laatste | Omlaag ↓
  1. Vitavita 26 augustus 2020 16:13
    quote:

    graham20 schreef op 25 augustus 2020 13:04:


    [...]
    De ava is op 7 october. Ik zou sowieso wachten tot na de datum waarop het bod onvoorwaardelijk is verklaard (de gestanddoeningsdatum) en dus ook tot na de waarschijnlijke (maar uiteraard niet gegarandeerde) verlengingsperiode nu:
    (i) nu al is aangekondigd dat er een post acceptance period zal zijn (aan te kondigen binnen drie werkdagen na de gestanddoeningsdatum);
    (ii) de aanspraak op het dividend geheel in tact blijft voor niet-aanmelders;
    (iii) de kans op een terugkeer van een premie voor minderheidsaandeelhouders, zoals voorzien was in het bod van 25 februari, groter wordt naarmate minder minderheidsaandeelhouders hun stukken tijdig aanmelden wil BX die groep alsnog over de brug halen;
    (iv) liquidatie ook nog eens een back-up is (als BX de daarvoor vereiste 85% haalt);
    (v) een koersontwikkeling voor Europese banken zoals in de vier maanden tussen februari en juni in de vijf maanden daarna zeer wel gedeeltelijk ongedaan zou kunnen raken; naarmate de tijd vordert zouden derden kunnen opmerken dat BX wel erg weinig betaalt;
    (vi) een van de attracties voor BX van NIBC, de hypothekenportefeuille, zijn waarde heeft bewezen.


    @ Graham,

    Duidelijk/compleet beschreven.
    Thx!
  2. forum rang 6 Plein777 26 augustus 2020 17:12
    Agenda voor de BAVA:


    Agenda for the Extraordinary General Meeting of Shareholders (the EGM) of NIBC Holding N.V. (NIBC Holding), to be held at 15:00 hours CEST on 7 October 2020 at Carnegieplein 4, 2517 KJ, The Hague, the Netherlands.



    Undefined terms in this agenda shall have the meaning as set out in the explanatory notes hereto.

    1. Opening.

    2. Explanation of the recommended public offer by Flora Acquisition B.V. (the Offeror), an indirect wholly-owned subsidiary of The Blackstone Group Inc., for all issued and outstanding ordinary shares in the capital of NIBC Holding N.V. (the Offer) (discussion item).

    3. Conditional Asset Sale and Liquidation

    (i) Approval of the Asset Sale as required under article 2:107a of the DCC (voting item).
    (ii) Conditional resolution to (a) dissolve (ontbinden) NIBC Holding in accordance with article 2:19 of the DCC; (b) appoint the newly to be incorporated Stichting Vereffening NIBC Holding as the liquidator (vereffenaar) of NIBC Holding in accordance with article 2:19 of the DCC; and (c) appoint NIBC Bank N.V. as the custodian of the books and records of NIBC Holding in accordance with article 2:24 of the DCC (voting item).

    4. Conditional amendment of NIBC Holding’s articles of association (the Articles of Association) as per the Settlement Date (voting item).

    5. Conditional amendment of the Articles of Association as per delisting of the shares in the capital of NIBC Holding (voting item).

    6. Conditional changes to the Supervisory Board

    (i) Conditional appointment as per the Settlement Date of Mr. Q. Abbas as member of
    the Supervisory Board for a term of four years (voting item).
    (i) Conditional appointment as per the Settlement Date of Mr. N. El Gabbani as member
    of the Supervisory Board for a term of four years (voting item).

    7. Conditional granting of full and final discharge from liability to all members of the Supervisory Board for their functioning until the date of the EGM, as per the Settlement Date (voting item).

    8. Conditional granting of full and final discharge from liability to all members of the Managing Board for their functioning until the date of the EGM, as per the Settlement Date (voting item).

    9. Conditional cancellation of treasury shares held by NIBC Holding (voting item).

    10. Any other business.

    11. Close of meeting.
  3. forum rang 6 Plein777 26 augustus 2020 17:16
    Explanatory notes to the agenda for the Extraordinary General Meeting of Shareholders of NIBC Holding N.V. (NIBC Holding)

    Undefined terms in these explanatory notes to the agenda shall have the meaning as set out in the Offer Document.

    2. Explanation of the recommended public offer by Flora Acquisition B.V., an indirect wholly-owned subsidiary of The Blackstone Group Inc., for all issued and outstanding ordinary shares in the capital of NIBC Holding


    On 13 July 2020, The Blackstone Group Inc. (Blackstone) and NIBC Holding jointly announced that they had reached conditional agreement in connection with the Offer at an offer price of EUR 7.00 (cum dividend) for each issued and outstanding ordinary share in the capital of NIBC Holding (the Offer Price).
    The Offeror made the Offer by making publicly available an offer document on 7 August 2020 (the Offer Document). The Acceptance Period under the Offer begins at 17:45 hours CEST on 10 August 2020 and, unless extended, ends at 17:40 hours CEST on 19 October 2020.
    In addition to key terms such as the Offer Price, the acceptance period, tender procedure and settlement of the Offer by transfer of the NIBC Holding shares against payment of the Offer Price by the Offeror, the Offer Document contains an explanation of the conditions to declaring the Offer unconditional and other relevant information regarding the Offer and the parties involved in the Offer.
    NIBC Holding published a position statement relating to the Offer on 7 August 2020 (the Position Statement). The managing board of NIBC Holding (the Managing Board) and the supervisory board of NIBC Holding (the Supervisory Board) have extensively considered the Offer and the Offer Price. Reference is made to the Position Statement, in which the decision-making process and the recommendation of the Managing Board and the Supervisory Board are included, and the strategic, financial and non-financial merits of the Offer are explained.
    The joint works council (gemeenschappelijk ondernemingsraad) of the NIBC Holding group has been informed regarding the Offer and the Asset Sale and Liquidation. Having obtained the joint works council’s positive advice, the employee consultation process in respect of the Offer and the Asset Sale and Liquidation has been completed.
    During the Extraordinary General Meeting of Shareholders, NIBC Holding’s management will give a presentation on the Offer and the Asset Sale and Liquidation and, in accordance with section 18 of The Netherlands Decree on Public Takeover Bids (Besluit openbare biedingen Wft), the Offer will be discussed.
    The Offer Document and Position Statement are available at www.nibc.com and the Offer Document is also available for inspection and copies can be obtained free of charge at the offices of NIBC Holding
  4. forum rang 6 Plein777 26 augustus 2020 17:17

    3. Conditional Asset Sale and Liquidation


    NIBC Holding and Blackstone have agreed the terms of an asset sale and liquidation of NIBC Holding (the Asset Sale and Liquidation) and have entered into the agreed form asset sale and liquidation agreement which is conditional on the following conditions precedent (opschortende voorwaarde) (a) the number of shares having been tendered for acceptance during the Acceptance Period and the Post-Closing Acceptance Period, together with (A) any shares directly or indirectly held by the Offeror or any of its affiliates; (B) any shares irrevocably committed to the Offeror or any of its affiliates, in writing; and (C) any shares to which the Offeror is entitled (gekocht maar niet geleverd) representing less than 95% but at least 85% of NIBC Holding’s issued and outstanding shares, (b) the dividend waiver letter agreement between the Company, J.C. Flowers & Co, Reggeborgh Invest B.V. and the Offeror (the Dividend Waiver Letter Agreement) having been duly executed, remaining in full force and effect and not having been amended or terminated without the prior

    written consent of the Purchaser and the conditions subsequent (ontbindende voorwaarden) under the Dividend Waiver Letter Agreement not having been met (c) the required works council consultation procedures having been complied with (d) the required ECB and DNB approvals for the implementation of the Asset Sale and Liquidation having been obtained (e) no order, stay, judgment or decree having been issued which prohibits the implementation of the Asset Sale and Liquidation (the Asset Sale Agreement), and (f) Settlement of the Offer having taken place, all subject to the condition precedent that the general meeting of shareholders of NIBC Holding (the General Meeting) resolves to approve the Asset Sale and Liquidation Resolutions.
    For a comprehensive explanation of the Asset Sale and Liquidation, reference is made to paragraph 10.2 of the Position Statement and section 4.17.2 of the Offer Document.
    Given the agreement between NIBC Holding and Blackstone, it is proposed that, as approved by the Supervisory Board, the General Meeting resolves, in the following order, to:
    (a) approve the Asset Sale and Liquidation as required under article 2:107a of the DCC; and
    (i) dissolve (ontbinden) NIBC Holding in accordance with article 2:19 of the DCC; (ii) appoint the newly to be incorporated Stichting Vereffening NIBC Holding as liquidator (vereffenaar) of NIBC Holding in accordance with article 2:19 of the DCC; and (iii) appoint NIBC Bank N.V. as custodian of the books and records of NIBC Holding in accordance with article 2:24 of the DCC,
    (the Asset Sale and Liquidation Resolutions).
    It is noted that the resolutions under the Asset Sale and Liquidation listed under (b) above are subject to the condition precedent that the Asset Sale and Liquidation is implemented in accordance with and subject to the terms of the Asset Sale Agreement. For a further explanation of the Liquidation Distribution, reference is made to paragraph 10.2 of the Position Statement and section 4.17.2 of the Offer Document.
  5. forum rang 6 Plein777 26 augustus 2020 17:18
    . Conditional amendment of NIBC Holding’s articles of association (the Articles of Association) as per the Settlement Date
    In relation to the Offer, Blackstone and NIBC Holding have agreed that if the Offer is declared unconditional, changes are to be made to the corporate governance structure of NIBC Holding as included in the Articles of Association effective as per the Settlement Date, in accordance with the proposal referred to below.
    In this respect, the Managing Board proposes, with the prior approval of the Supervisory Board, to the General Meeting to resolve to amend the Articles of Association as per the Settlement Date in order to reflect, inter alia, the following amendments, (i) the deletion of all references to preference shares; (ii) the abolishment of the requirement that resolutions of the General Meeting can only be adopted at the proposal of the Managing Board with the approval of the Supervisory Board, (iii) include that certain resolutions of the Managing Board which required approval of the Supervisory Board will instead require the approval of the General Meeting, such as share issuance by the Managing Board, (iv) change the authority to adopt certain resolutions to the level of the General Meeting instead of the Managing Board, such as interim distributions to the shareholders of NIBC Holding and setting a different dividend payment date than four weeks after adoption of the dividend, (v) introduce a basis in NIBC Holding’s articles of association for the reserved matters agreed in the Merger Protocol as listed in Annex VIII (Reserved Matters), by including a list of resolutions by the Management Board in respect of NIBC Holding that require the approval of the general meeting, (vi) introduce a basis in NIBC's articles of association for to the Managing Board to conduct itself in accordance with the instructions of the General Meeting in accordance with Dutch law where these relate to the areas of the financial, social and commercial policies to be pursued by the Company and the Group (specifically in relation to (a) reporting, information provision and communication, (b) reorganization and exit, and (c) compliance), and (vii) deletion of all references to the protective foundation (Stichting Continuïteit NIBC).
    The proposal to amendment the articles of association is subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place.


    4
    A draft of the proposal to amend the articles of association showing the changes made to the current Articles of Association, will be made available as a separate document and will be placed on NIBC Holding’s website.


    The proposed amendments to the Articles of Association as per the Settlement Date are also included in the Offer Document. The aforementioned proposal to resolve to amend the Articles of Association includes a proposal to authorize each member of the Managing Board, as well as each (deputy) civil law notary and paralegal employed by Clifford Chance LLP in Amsterdam, The Netherlands, to execute such notarial deed of amendment to the Articles of Association and to undertake all other activities that the holder of the power of attorney deems necessary or useful in connection therewith.
  6. forum rang 6 Plein777 26 augustus 2020 17:18
    5. Conditional amendment of the Articles of Association as per delisting of the shares in the capital of NIBC Holding
    In relation to the Offer, Blackstone and NIBC Holding have agreed that as per delisting, changes are to be made to the corporate governance structure of NIBC Holding as included in the Articles of Association, in accordance with the proposal referred to below.
    In this respect, the Managing Board proposes, with the prior approval of the Supervisory Board, to the General Meeting to resolve to amend the Articles of Association as per delisting of the shares, in order to reflect, inter alia, the following amendments, delete and amend all references to Euroclear Netherlands and the Statutory Giro System; (ii) delete references to the registration/record date and amend the convocation period for general meetings to 15 days; and (iii) delete the requirement to post the profile of the Supervisory Board members on NIBC's website.
    A draft of the proposal to amend the articles of association showing the changes made to the current Articles of Association, will be made available as a separate document and will be placed on NIBC Holding’s website.
    The proposed amendments to the Articles of Association as per delisting are also included in the Offer Document. The aforementioned proposal to resolve to amend the Articles of Association includes a proposal to authorize each member of the Managing Board, as well as each (deputy) civil law notary and paralegal employed by Clifford Chance LLP in Amsterdam, The Netherlands, to execute such notarial deed of amendment to the Articles of Association and to undertake all other activities that the holder of the power of attorney deems necessary or useful in connection therewith.


    6. Conditional changes to the Supervisory Board

    NIBC Holding and Blackstone have agreed that if the Offer is declared unconditional, changes are to be made in the corporate governance structure of NIBC Holding. One of these changes concerns the composition of the Supervisory Board. Subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place, the Supervisory Board will continue to exist of seven members, whereby four members shall qualify as independent within the meaning of the Dutch Corporate Governance Code. In view of the agreement between NIBC Holding and Blackstone in connection with the Offer, two persons identified by the Offeror will be nominated for appointment as Supervisory Board members at this general meeting. One additional person will be nominated for appointment as Supervisory Board member at a later stage.
    Mr J.C. Flowers, Mr. M. Christner and Mr. R.L. Carrion will voluntarily step down as members of the Supervisory Board effective as per the Settlement Date. Their resignations are subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place. The remaining current members of the Supervisory Board, Mr. D.M. Sluimers (chairman), Ms. A.G.Z. Kemna (vice-chair), Ms. S.M. Zijderveld and Mr. J.J.M. Kremers, will remain on the Supervisory Board and will be regarded as independent within the meaning of the Dutch Corporate Governance Code.
    In view of the agreement between NIBC Holding and Blackstone in connection with the Offer and the voluntary resignation of three members of the Supervisory Board, two persons identified by the Offeror will

    be nominated for appointment as Supervisory Board members and one additional person will be nominated at a later stage. It is proposed, subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place, to resolve upon the appointment effective as per the Settlement Date of Mr. Q. Abbas and Mr. N. El Gabbani as members of the Supervisory Board, both of them nominated by the Offeror. The process for the identification of the seventh member of the Supervisory Board has commenced and further announcements will be made in due course.
    The above nominations have been made taking into account the limitation of positions prescribed by article 2:142a of the DCC.
    The term of appointment of Mr. Q. Abbas and Mr. N. El Gabbani will end immediately after the first general meeting to be held after a period of four years, which period starts on the Settlement Date.
    The Curricula Vitae of the persons nominated for appointment as members of the Supervisory Board and the Supervisory Board’s reasons for the nominations can be found in Annex 1 attached hereto.
  7. forum rang 6 Plein777 26 augustus 2020 17:20

    7. Conditional granting of full and final discharge from liability to all members of the Supervisory Board for their functioning until the date of the Extraordinary General Meeting of Shareholders, as per the Settlement Date


    It is proposed that Mr. D.M. Sluimers, Ms. A.G.Z. Kemna, Ms. S.M. Zijderveld, Mr. J.J.M. Kremers, Mr J.C. Flowers, Mr. M. Christner and Mr. R.L. Carrion will be granted full and final discharge and released from liability in respect of their roles as members of the Supervisory Board up to and including the date of the EGM, except for liability as a result of fraud, gross negligence, wilful misconduct and criminal behaviour. The discharge will be subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place, and will be effective as per the Settlement Date. The discharge will take place on the basis of information provided to the General Meeting, including the Offer Document, the Position Statement, and the press releases.


    8. Conditional granting of full and final discharge from liability to all members of the Managing Board for their functioning until the date of the Extraordinary General Meeting of Shareholders, as per the Settlement Date

    It is proposed that Mr. P. de Wilt, H. Dijkhuizen and R. van Riel be granted full and final discharge and released from liability in respect of their roles as members of the Managing Board up to and including the date of the EGM, except for liability as a result of fraud, gross negligence, wilful misconduct and criminal behaviour. The discharge will be subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place, and will be effective as per the Settlement Date. The discharge will take place on the basis of information provided to the General Meeting, including the Offer Document, the Position Statement, and the press releases.


    9. Conditional cancellation of treasury shares held by NIBC Holding

    NIBC Holding and Blackstone have agreed that if the Offer is declared unconditional, 1,025,834 ordinary shares held by NIBC Holding are cancelled. This cancellation will be subject to the conditions precedent that the Offer is declared unconditional and that Settlement has taken place.
    The cancellation will be effected with due observance of the relevant provisions of Dutch law. This includes the requirement to deposit the shareholders' resolution with the Dutch Commercial Register. During a suspension period of two months starting on the date of the announcement of the deposit in a Dutch nationwide newspaper any creditor of the Company may file objections to the contemplated share capital reduction with the competent courts. After the lapse of the two months period and provided that any objections which have been filed have been lifted or revoked, the cancellation becomes effective.
  8. calvaille 28 augustus 2020 13:43
    De koers blijft al een hele tijd hangen op 7,35 - 7,40. Is het jullie inschatting dat'ie nog richting de 7,50 kruipt? Of moeten we er rekening houden dat de meeste aandeelhouders (=bedrijven) dividendbelasting moeten aftikken à 15%, dus dan rekenen op €7 + 85% * €0,53 = €7,45. En dan is de vraag: wanneer kruipt de koers daarheen? Ik ben op de hoogte van net present value berekeningen, maar gezien de huidige rentestanden en het feit dat we die 7,53 binnen een paar maanden zouden vangen, zou ik verwachten dat de koers al richting dat bedrag zou kruipen.
  9. Gaasp 28 augustus 2020 13:57
    quote:

    calvaille schreef op 28 augustus 2020 13:43:


    De koers blijft al een hele tijd hangen op 7,35 - 7,40. Is het jullie inschatting dat'ie nog richting de 7,50 kruipt? Of moeten we er rekening houden dat de meeste aandeelhouders (=bedrijven) dividendbelasting moeten aftikken à 15%, dus dan rekenen op €7 + 85% * €0,53 = €7,45. En dan is de vraag: wanneer kruipt de koers daarheen? Ik ben op de hoogte van net present value berekeningen, maar gezien de huidige rentestanden en het feit dat we die 7,53 binnen een paar maanden zouden vangen, zou ik verwachten dat de koers al richting dat bedrag zou kruipen.


    Ook bedrijven krijgen de dividendbelasting terug, behalve een paar vage fondsen van de Cayman-eilanden, Singapore, Dubai en zo. Al hebben die laatsten nu rechtszaken tegen Nederland lopen bij het Europese hof, wegens discriminatie.

  10. forum rang 7 Leefloon 28 augustus 2020 14:24
    quote:

    calvaille schreef op 28 augustus 2020 13:43:

    maar gezien de huidige rentestanden en het feit dat we die 7,53 binnen een paar maanden zouden vangen

    Behalve de rente vergeet je o.a. de transactiekosten en risico. Je kunt zelf ook wel nagaan dat het, bij een te veronderstellen en door de markt verwachte overname, hopeloos onaantrekkelijk is om er nu al €7,45-€7,50 voor te gaan betalen, wanneer je maanden moet wachten op misschien netto €7 plus €0,53, minus eventuele provisie bij dividenden en andere kostenfratsen van sommige brokers.

    Normaal gesproken zit er op den duur inderdaad wel wat centen "potentieel" in, bij ongewijzigde omstandigheden en aannames.
  11. calvaille 2 september 2020 17:06
    Ja eens. Ik deel jullie mening hierover en heb gecasht op 7.39. Het is een beetje een vervelend overnametraject geweest, en ik denk dat men zich een beetje heeft laten piepelen door BS. Maar goed, that's the way it works, kennelijk.

    Succes iedereen!

    quote:

    Leefloon schreef op 28 augustus 2020 14:24:


    [...]
    Behalve de rente vergeet je o.a. de transactiekosten en risico. Je kunt zelf ook wel nagaan dat het, bij een te veronderstellen en door de markt verwachte overname, hopeloos onaantrekkelijk is om er nu al €7,45-€7,50 voor te gaan betalen, wanneer je maanden moet wachten op misschien netto €7 plus €0,53, minus eventuele provisie bij dividenden en andere kostenfratsen van sommige brokers.

    Normaal gesproken zit er op den duur inderdaad wel wat centen "potentieel" in, bij ongewijzigde omstandigheden en aannames.
  12. forum rang 10 DeZwarteRidder 2 september 2020 19:22
    Reggeborgh biedt zelfde prijs voor restant VolkerWessels
    02-09-2020 14:28 - Ondernemingskamer vindt 22,14 euro inclusief rente fair.

    (ABM FN-Dow Jones) Reggeborgh zal aandeelhouders die hun aandelen nog niet hebben aangemeld onder het overnamebod, dezelfde prijs bieden inclusief de rente. Dit laat de koper van het bouwbedrijf woensdag weten.

    De overnameprijs van 21,92 euro zal worden vermeerderd tot 22,14 euro als wettige rente. De Ondernemingskamer beoordeelt dit bod als fair.

    Aandeelhouders kunnen hun aandelen tot 16 september vrijwillig aanmelden. Op 18 september zullen de aandelen onvrijwillig worden overgedragen conform de wetgeving.

    De Ondernemingskamer droeg de resterende aandeelhouders op hun stukken over te dragen tegen deze prijs, die gelijk is aan de overnameprijs.

    Reggeborgh had na afwikkeling van het overnamebod in maart 97,79 procent van de aandelen in handen. Het bedrijf wil de resterende aandelen in handen hebben zodat het VolkerWessels van de beurs kan halen. Nu het belang meer dan 95 procent bedraagt, kan Reggeborgh ook een zogenoemde uitrookprocedure starten.

    Door: ABM Financial News.
  13. graham20 4 september 2020 13:46
    quote:

    W-0803 schreef op 4 september 2020 11:48:


    Shorter Tibra zal deze aandelen vermoedelijk als hedge gebruiken, mocht de deal wel doorgaan gaan ze er waarschijnlijk vanuit dat de biedprijs de € 7,53 niet passeert. Hierdoor valt de risk/reward ratio kennelijk voor hun positief uit...

    Ik houd mijn aandelenpluk vooralsnog aan.

    De registratieplicht geldt voor posities die *netto* short zijn.
4.686 Posts
Pagina: «« 1 ... 228 229 230 231 232 ... 235 »» | Laatste |Omhoog ↑

Plaats een reactie

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord

Direct naar Forum

NIBC Holding N.V. Meer »

Koers 7,460   Verschil 0,00 (0,00%)
Laag 7,450   Volume 85.327
Hoog 7,470   Gem. Volume 445.986
4 dec 2020 17:35
label premium

NIBC: Blackstone krijgt coronadiscount

Het laatste advies leest u als IEX Premium-lid

Inloggen Ontdek Premium
 
Quotedata: Amsterdam realtime by Euronext, other realtime by Cboe Europe Ltd.   US stocks: by NYSE & Cboe BZX Exchange, 15min delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by Infront. Crypto data by Crypto Compare