Homburg Invest, Inc. has announced that it will proceed with its offer on the ordinary shares of DIM Vastgoed N.V. The offer price will be based on the average closing price of the last 30 trading days of DIM on Euronext Amsterdam before June 14, 2005 (being the date of the first announcement of Homburg Invest regarding DIM), which amounts to $15.72.
Homburg Invest will offer the following:
- USD 17.29 in cash, meaning a premium of 10% on the above indicated price, or
- the equivalent o f USD 18.08 of which 50% in cash and 50% in new to be issued shares of Homburg Invest Inc., meaning a premium of 15% on the above indicated price, or
- the equivalent of USD 18.86 in new to be issued shares of Homburg Invest Inc., meaning a premium of 20% on the above indicated price.
Shareholders of DIM may opt, at an individual basis, for each of the above-mentioned options.
For the avoidance of doubt, the indicated amounts are equal to the amounts as quoted by DIM in their press release of June 23, but were announced yesterday by Homburg Invest.
The offer will be made simultaneously with the publication of an offering document (biedingsbericht). The offering document will contain the definitive offering price and the conditions of the offer and will comply with the relevant laws and regulations of both Canada and The Netherlands. Homburg Invest will organize meetings for DIM shareholders to inform them about the offer.
Source: Homburg
