updated - Voluntary Tender for the SFP units of Astaris S.p.A IT0005422925

THIS OFFER IS SUBJECT TO ENGLISH LAW. THIS OFFER IS NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

17 March 2024

ANNOUNCEMENT OF INVITATION TO VOLUNTARY TENDER OFFER TO THE HOLDERS OF ASTARIS / ASTALDI STRUMENTI FINANZIARI PARTECIPATIVI (“SFP”).  – ISIN IT0005422925

Southey Capital Ltd (the “Offeror”) invites holders of the restructuring units set forth in the table below (the “Units”), issued by Astaris S.p.A (the “Issuer”), to tender for purchase by the Offeror for cash, subject to applicable offer and distribution restrictions. The “Units” shall NOT include any positions or holdings. Units shall only be considered that are held in electronic form.

Purchase PriceThe Offeror will pay an amount in cash equal to €0.0355 / 3.55% per Unit validly tendered and accepted for purchase by the Offeror.

Maximum Acceptance AmountThe Maximum Acceptance Amount represents the maximum aggregate nominal amount of each Security that the Offeror will accept for purchase pursuant to the Offers.

Offer DocumentsOffer Documents shall mean all the documents related to the Offer including the Offer Announcement, Form of Acceptance and Assignment Agreement.

Rationale for the OfferThe Offeror believes that the Offer will provide an opportunity to holders facing a lack of access to exchanges or OTC counterparties an opportunity to realize liquidity before their may become stranded or expropriated.

Expected Timetable of EventsThe times and dates below are indicative only.

Acceptance Procedure Holders that wish to accept the Offer are requested to complete the Form of Acceptance and send this directly to the Offeror via email to Astaldi_EN@southeycapital.com or Astaldi_EN@southeycapital.com  for Italian creditors. Forms of Acceptance received by the 18 April 2025 will receive a Trade Confirmation, which is to be executed subsequently. Later acceptances may still be accepted at the absolute discretion of the Offeror.

SettlementSettlement shall be instructed to the Euroclear account of the Offeror, with a Delivery versus Payment instruction.

Reservation of RightsThe Offeror expressly reserves it right, in its sole and absolute discretion, not to accept any tendered Securities, not to purchase Securities or to extend, re-open, withdraw or terminate the Offer and to amend or waive any of the terms and conditions of the Offer in any manner (including, but not limited to, purchasing more or less than the Maximum Acceptance Amount), subject to applicable laws and regulations.

For Further Information

WebLink: Southey Capital Astaldi / Astaris

DISCLAIMER – available here