Just Eat tenders 16.3 million more shares amidst delisting

JET will trade for the last time on 14 November before delisting on 17 November.

Just Eat Takeaway.com (JET) and Prosus said that an additional 16.3 million shares, worth about €330.6m and equal to 8.06% of JET’s outstanding shares, were tendered during the post-closing acceptance period that ended on 16 October.

Including shares already acquired, the offeror now controls about 198.4 million shares in total, valued at roughly €4.03b, giving it ownership of around 98.19% of JET’s issued share capital.

Settlement and payment for the newly tendered shares are scheduled on 21 October.

In agreement with Euronext Amsterdam, JET’s last trading day on the exchange will be on 14 November, with the delisting taking effect on 17 November.