Question: What is the normal of PROR in the other markets? DE Input To clarify, if I I understood correctly. If an instruction for 100 has been sent, and the pro rata rate is 45%, then the question is if 45 shares have been accepted for the offer or 55 shares (reduction rate). I have, unfortunately, not been able to adress this question during the last NMPG meeting. However, to the best of my knowledge, in Germany the pro-rata-rate is the rate to be applied to the number (i.e. not a reduction rate), which would mean that, in the above example, 45 shares would be tendered. Item is postponed to next call due to lack of time. Action: Remaining NMPGs to provide feedback at next call. End of the Meeting Minutes ------------------------ ---------------
Question: What is the normal of PROR in the other markets? DE Input To clarify, if I I understood correctly. If an instruction for 100 has been sent, and the pro rata rate is 45%, then the question is if 45 shares have been accepted for the offer or 55 shares (reduction rate). I have, unfortunately, not been able to adress this question during the last NMPG meeting. However, to the best of my knowledge, in Germany the pro-rata-rate is the rate to be applied to the number (i.e. not a reduction rate), which would mean that, in the above example, 45 shares would be tendered. Item is postponed to next call due to lack of time. Action: Remaining NMPGs to provide feedback at next call. ------------------------ End of the Meeting Minutes ---------------
DRAFT_Mins_SMPG_CA_telco_20151208_v0_1.docx