February 22, 2018 / 9:58 AM / 9 months ago

BRIEF-Dada Reports Provisional Results Of Dali Italy Bidco's Obligation To Purchase

Feb 22 (Reuters) - DADA SPA:

* REPORTED ON WEDNESDAY THE PROVISIONAL RESULTS OF THE PROCEDURE FOR DALI ITALY BIDCO TO FULFILL THE OBLIGATION TO PURCHASE

* REPORTS 519,186 SHARES WERE TENDERED, CORRESPONDING TO 2.8 PCT OF THE SHARE CAPITAL FOR THE TOTAL VALUE OF EUR 2.1 MLN

* DALI ITALY BIDCO ALSO BOUGHT 371,585 SHARES, 2.0 PCT OF DADA, OUTSIDE OF THE PROCEDURE

* DALI ITALY BIDCO TO OWN 97.0 PCT OF DADA, REACHING THE THRESHOLD FOR THE SQUEEZE-OUT OF THE REMAINING SHARES

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Further company coverage: (Gdynia Newsroom)

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