Euro Disney recapitalisation Phase 4 to start 1 October 2015

[Jonjo]

Phase 3 of the Euro Disney S.C.A. Cash Tender Offer is to end on 24 September 2015, and the results will be released on 28 September 2015.

Phase 4 will then begin 6 days later and will last for 30 days. Phase 4 of the Euro Disney recapitalisation is the anti dilution mechanism, which gives shareholders the right to buy EDL shares at €1.25 in proportion of what they already own.

So if you own 100 shares, you can buy another 100 at €1.25.
EDL shares closed at €1.31 on the Euronext yesturday.

 

[DLPDreams]

Thanks for the update. I don't think I'll be buying any more as just bought the 80 I needed. But, I've learned, never say never.

I know this may seem a silly question, but what would be the advantage of buying 100 more shares? All the lit I've read says they intend to keep the SHC membership criteria the same for existing members. Could it be they may give extra benefits to larger shareholders? As they haven't made a paper profit and therefore no divis have ever been paid, I can't see how this is a good investment? I presume longer term, it could potentially be though - depends on TWDC and what they do with DLP I guess.