Vodafone today announced that the offer document relating to the voluntary tender offer for the entire fully diluted ordinary share capital of Cobra Automotive Technologies S.p.A. (“Cobra”) has been approved by Consob, the Italian regulator.
The offer document will be available to the public from Friday 4 July 2014. It will be available on the website of the Issuer (www.cobra-group.com); the website of the Offeror's parent company, Vodafone Group Plc (www.vodafone.com/investor); and the website of the Global Information Agent (www.sodali-transaction.com).
Cobra shareholders will be able to tender their shares from 8.30am on 7 July 2014 and the offer will be open (subject to any extensions) until 5.30pm on 25 July 2014. The cash consideration of €1.49 per share will be paid on 1 August 2014 (subject to any extensions) to shareholders who tender their shares.
Note to Editors
Cobra Automotive Technologies S.p.A operates in two main sectors. The first relates to the design, development, manufacture and marketing of electronic systems that includes components and burglar alarm systems as well as assistance to low-speed manoeuvres systems.
The second is focussed on the design and provision of services based on geo-location of vehicles to aid the location and recovery of stolen vehicles. This also includes smart insurance services for insurers and the management of vehicle fleets.
For further information:
Telephone: +44 (0) 7919 990 230
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This announcement does not constitute, or form part, of any offer or invitation to sell, allot or issue or any solicitation of any offer to purchase or subscribe for any securities, nor shall it (or any part of it) form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment for securities.
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Forward Looking Statements
Certain information contained in this announcement constitutes “forward-looking statements,” which can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue”, “target” or “believe” (or the negatives thereof) or other variations thereon or comparable terminology. Such statements express the intentions, opinions, or current expectations of Vodafone with respect to possible future events and are based on current plans, estimates and forecasts which Vodafone has made to the best of its knowledge, but which do not claim to be correct in the future. Due to various risks and uncertainties, actual events or results or actual performance of Vodafone may differ materially from those reflected or contemplated in such forward-looking statements. No assurances can be given that the forward-looking statements in this announcement will be realised. As a result, recipients should not rely on such forward-looking statements. Subject to compliance with applicable law and regulations, Vodafone undertakes no obligation to update these forward-looking statements. No representation or warranty is made as to the reasonableness of such forward-looking statements. No statement in this announcement is intended to be nor may be construed as a profit forecast.
This announcement, the Offer Document and all documents relating to the Offer will be available in due course (other than to persons in any jurisdiction where the publication of this announcement is restricted) on the website of Vodafone at www.vodafone.com/investor.