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Addiko Bank AG (ADKO) NPV

Sell:€19.95 Buy:€20.10 Change: €0.30 (1.52%)
Market closed |  Prices as at close on 16 August 2024 | Switch to live prices |
Takeover

Addiko Bank AG NPV

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 31 Jul 2024)

The boards of Addiko Bank AG and Agri Europe Cyprus Limited recently announced the terms of a tender offer. Under the terms of the tender offer you have been offered EUR16.24 for each share held.

 

At the same time, a competing cash offer for Addiko Bank AG has been made by Nova Ljubljanska banka d.d Ljubljana. This offer has now been increased, and under the terms of the takeover you have been offered an increased price of EUR22.00 for each share held.

 

If you don’t want to accept either offer, you don’t need to do anything. Depending on the level of acceptance, if the offer by Nova Ljubljanska banka d.d. Ljubljana is successful,the offeror may choose to delist or compulsorily acquire the remaining shares at a later date.

 

Accept either offer – Act by noon on Tuesday 13 August 2024

 

Will I receive any cash proceeds in Euros?

 

No, cash from any successful tender will be converted to Pound Sterling upon receipt, based on the prevailing exchange rate at the time and our standard currency conversion fees, and credited to your account.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:€19.95
Buy:€20.10
Change: €0.30 (1.52%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 16 August 2024 | Switch to live prices |
Takeover

Addiko Bank AG NPV

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 31 Jul 2024)

The boards of Addiko Bank AG and Agri Europe Cyprus Limited recently announced the terms of a tender offer. Under the terms of the tender offer you have been offered EUR16.24 for each share held.

 

At the same time, a competing cash offer for Addiko Bank AG has been made by Nova Ljubljanska banka d.d Ljubljana. This offer has now been increased, and under the terms of the takeover you have been offered an increased price of EUR22.00 for each share held.

 

If you don’t want to accept either offer, you don’t need to do anything. Depending on the level of acceptance, if the offer by Nova Ljubljanska banka d.d. Ljubljana is successful,the offeror may choose to delist or compulsorily acquire the remaining shares at a later date.

 

Accept either offer – Act by noon on Tuesday 13 August 2024

 

Will I receive any cash proceeds in Euros?

 

No, cash from any successful tender will be converted to Pound Sterling upon receipt, based on the prevailing exchange rate at the time and our standard currency conversion fees, and credited to your account.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:€19.95
Buy:€20.10
Change: €0.30 (1.52%)
Market closed |  Prices as at close on 16 August 2024 | Switch to live prices |
Takeover

Addiko Bank AG NPV

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 31 Jul 2024)

The boards of Addiko Bank AG and Agri Europe Cyprus Limited recently announced the terms of a tender offer. Under the terms of the tender offer you have been offered EUR16.24 for each share held.

 

At the same time, a competing cash offer for Addiko Bank AG has been made by Nova Ljubljanska banka d.d Ljubljana. This offer has now been increased, and under the terms of the takeover you have been offered an increased price of EUR22.00 for each share held.

 

If you don’t want to accept either offer, you don’t need to do anything. Depending on the level of acceptance, if the offer by Nova Ljubljanska banka d.d. Ljubljana is successful,the offeror may choose to delist or compulsorily acquire the remaining shares at a later date.

 

Accept either offer – Act by noon on Tuesday 13 August 2024

 

Will I receive any cash proceeds in Euros?

 

No, cash from any successful tender will be converted to Pound Sterling upon receipt, based on the prevailing exchange rate at the time and our standard currency conversion fees, and credited to your account.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Addiko Bank AG is an Austria-based bank that provides, together with its subsidiaries, products and services. It focuses on consumers and small-medium enterprise (SME) customers. The Bank divides its activities into five segments: Retail, which includes accounts, transactions, consumer and mortgage lending; SME targets business customers offering customizable banking products and advisory services; Large Corporates offers financing products and services to large business customers; Public Finance offers to public institutions deposit products, lending products and other complementary products such as domestic and foreign payments, insurance, treasury and trade finance products; Corporate Center is an internal segment without direct product offerings, which manages the Bank and its subsidiaries. The Bank is the parent Company of the Addiko Group and operates in Austria, Germany, Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro.

Contact details

Address:
Canetti Tower, Canettistrasse 5/12.OG
WIEN
1100
Austria
Telephone:
+ ()
Website:
https://www.addiko.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
ADKO
ISIN:
AT000ADDIKO0
Market cap:
€386.10 million
Shares in issue:
19.29 million
Sector:
Diversified Banks
Exchange:
Vienna Stock Exchange
Country:
Austria
Currency:
Euro
Indices:
n/a

Key personnel

  • Kurt Pribil
    Chairman of the Supervisory Board
  • Pieter Van Groos
    Deputy Chairman of the Supervisory Board
  • Tadej Krasovec
    Chief Risk Officer, Member of the Management Board
  • Ganesh Krishnamoorthi
    Member of the Management Board

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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Options

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.