VEGA Telecom Inc. On Monday reiterated its buyout call for minority shareholders of Liberty Telecoms Holding Inc. As the soft is ready to run out on September 21.
In a assertion, Vega Telecom said that the tender offer to buy out up to one hundred sixty five.88 million common stocks, representing 12.82 percentage of the issued and high-quality common stock of Liberty, at a price of P2.20 in line with percentage is above and a top rate on the potential fair cost variety of P0.08 to P0.33 per common percentage of the company.
The cause of the tender provide is to allow Liberty to conform with the requirements of the Philippine Stock Exchange (PSE) for the voluntary delisting of its common shares.
Once Liberty shares are delisted, shareholders can have restrained options in the event that they determine to sell their stocks as they’ll no longer be able to do so thru the Exchange, Vega said.
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