Bivideon will submit the voluntary buy-out price of CZK 245 per share to SEC for an approval

Bivideon confirmed on Friday that it will submit the voluntary buy-out price to SEC for an approval. This means that in case it will cross a 75% ownership threshold in Cra in a voluntary buy-out (currently it holds 72%) it will not have to make an obligatory buy-out, it will just carry on with the voluntary one approved by SEC.
It seems Bivideon is using this tactics to avoid being locked-up in a situation where it has to make the obligatory buy-out at price being subject to SEC approval. We believe Bivideon could just “test” SEC and see whether it would be comfortable with CZK 245 per share buy-out price. In case SEC has objections, Bivideon will withdraw (or marginally increase the price). Should the above prove to be true, there is only very limited scope for the buy-out price to be increased from the CZK 245 per share, we believe.
The EGM was called on July 22, record date is July 15.

Jiří Soustružník