126218; domiciled at: Schellingstr. 35, 80799 Munich) today
informs its shareholders that on August 27, 2012 at 24:00 the
tender offer by PAR Investment Partners L.P. ended.
On July 11, 2012 PAR Investment Partners L.P. published a
tender offer under the
German Take Over Act for all shares in Advanced Inflight
Alliance AG.
On July 20, 2012 the management board and the supervisory
board of Advanced Inflight Alliance AG rendered a joint
statement in which both boards, as required by German law,
evaluated the adequacy of the price offered by PAR Investment
Partners L.P. in the tender offer and suggested that
shareholders should accept the offer.
On August 13, 2012 PAR Investment Partners L.P. announced
that at the expiry of the tender offer on August 8, 2012, a
total 34.94 percent of all outstanding shares of Advanced
Inflight Alliance AG had been tendered.
After the settlement of the shares tendered in the original
offer period, on August 24,
2012 PAR Investment Partners L.P., has informed Advanced
Inflight Alliance AG and publicly announced in accordance
with the German Security Trading Act that PAR
Investment Partners L.P. owned a total of 19,163,833 shares
in Advanced Inflight
Alliance AG, equaling 80.53 percent of the voting rights in
Advanced Inflight Alliance.
On Monday, August 27, 2012 at 24:00 the statutory, extended
acceptance period, in which shareholders have a right to
tender their shares in Advanced Inflight Alliance AG, has
ended. Therefore the tender offer now is formally
completed.
Advanced Inflight Alliance AG anticipates that PAR Investment
Partners L.P. will within the next couple of days in
accordance with the German Security Trading Act inform the
company and publicly announce the final number of shares that
PAR Investment Partners L.P. owns in Advanced Inflight
Alliance AG. Advanced Inflight Alliance AG plans to include
the final shareholdings of PAR Investment Partners L.P. in
the Half Year Report 2012 that will be released on Friday,
August 31, 2012.
Louis Bélanger-Martin, CEO of Advanced Inflight Alliance AG,
commented: "We are delighted that PAR Investment Partners
L.P. have committed to investing in the future of Advanced
Inflight Alliance AG, as we work towards continuing the
growth of our business."
Advanced Inflight Alliance AG
For more information, please contact: Advanced Inflight Alliance AG
Schellingstrasse 35 | 80799 Munich | Tel.: +49 (0)89 613805-0 | Fax: ++49 89 613805-55 | info@aialliance.com | www.advanced-inflight- alliance.com
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