EXOR N.V. (AMS: EXO) (“Exor) starts today the process of the implementation of the Board resolution to cancel 13,008,289 ordinary shares or 5.6% of Exor's ordinary issued share capital.
These ordinary shares have been acquired as part of the Tender Offer completed on 12 October 2023 (for a total of 8,873,452 ordinary shares) and the share buyback program announced in 2022 (for a total of 4,134,837 ordinary shares).
Exor announces that S&P Global Ratings (S&P) communicated today that it has upgraded Exor’s long-term corporate credit rating to A- from BBB+, keeping a “stable” outlook.
The short-term rating of Exor is A-2.
Exor N.V. (“Exor” or the “Company”) announces the results of the Tender Offer set out in the Offer Memorandum published by the Company on 13 September 2023 (the “Offer Memorandum”). The Tender Offer closed at 17:40 CET on 12 October 2023.
On 10 October 2023, the reported closing price of the Ordinary Shares on Euronext Amsterdam was EUR 84.20 per Ordinary Share.
Exor N.V. (“Exor” or the “Company”) announces the launch of a tender offer to purchase ordinary shares with a nominal value of EUR 0.01 each in the share capital of Exor N.V. (each an “Ordinary Share”, and together the “Ordinary Shares”), executed via a reverse “Dutch auction”, for an aggregate consideration up to (and including) €750 million to Qualifying Shareholders (as defined below) (the “Tender Offer”).