4T S.A. controls 98% of shares - ADB Holdings applies for delisting
Geneva - 30 January 2015
On 5 November 2014, Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) and the company's largest shareholder, 4T S.A., published a combined offer to acquire all publicly held shares of ADB Holdings S.A. The combined offer consisted of a public tender offer for all shares of ADB Holdings S.A., presented by 4T S.A., and a repurchase offer for a maximum of 10% of all ADB Holdings S.A. shares, presented by ADB Holdings S.A. Consequent to the combined offer and subsequent transactions, 4T S.A. and the parties acting in concert with 4T S.A. (i.e. including ADB Holdings S.A.) now hold 4'927'155 shares, or 98.04% of all shares outstanding.
4T S.A. has informed the Company that it will proceed with the squeeze-out process.
The Board of Directors of ADB Holdings S.A., acting in concert with 4T S.A., also decided to apply for delisting of the company from the SIX Stock Exchange.
This press release and further information on ADB Group can be found on the Group's website at www.adbholdings.com
For further information please contact:
Tina Nyfors, IR/Group Communications
Tel: +41 22 592 8433
t.nyfors@adbglobal.com
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