This is a joint press release by
93% of the DPA Shares have been tendered under the New Horizons offer
Houten/Bussum,
- Together with Shares already held by the Offeror on the date hereof and including Shares tendered during the Offer Period and Post-Acceptance Period, the Offeror will hold 93.0% of the Shares.
- Settlement of Shares tendered during the Post-Acceptance Period will take place on
17 August 2021 . - The Offeror is considering potential next steps that may include the implementation of the Asset Sale and Liquidation which was approved by the EGM on
16 July 2021 or any other restructuring measure as described in the Offer Memorandum. - Shareholders are cautioned that in the Asset Sale and Liquidation, they will receive an amount per Share equal to the Offer Price less Dutch dividend withholding tax.
During the Offer Period 34,412,141 Shares have been tendered under the Offer, representing approximately 73.3% of the Shares and an aggregate value of approximately
During the Post-Acceptance Period, that expired at 17:40 hours (CET) on
By means of the Shares tendered under the Offer and in the Post-Acceptance Period, together with those already held by the Offeror on the date hereof, the Offeror will hold 43,679,894 Shares, representing approximately 93% of the Shares on the date hereof.
Settlement
With reference to the Offer Memorandum, Shareholders who accepted the Offer shall receive the Offer Price for each Share validly tendered (or defectively tendered, provided that such defect has been waived by the Offeror) and transferred (geleverd) for acceptance pursuant to the Offer, under the terms and conditions of the Offer and subject to its restrictions.
Settlement of the Shares tendered during the Post-Acceptance Period and payment of the Offer Price will take place on
Possible Post-Closing Measures and future legal structure
Shareholders who have not tendered their Shares in the Post-Acceptance Period should carefully review the sections of the Offer Memorandum that further explain the intentions of the Offeror, such as (but not limited to) Section 5.10 (Implications of the Offer being declared unconditional) and Section 5.11 (Possible Post-Closing Measures and future legal structure), which describe certain implications to which such Shareholders may become subject with their continued shareholding in DPA.
The Offeror may inter alia decide to implement the Asset Sale and Liquidation which is described in more detail in Section 5.11.3 of the Offer Memorandum. During the EGM held at
Shareholders are cautioned that in the Asset Sale and Liquidation, they will receive an amount per Share equal to the Offer Price less Dutch dividend withholding tax.
Announcements
Any press release issued by the Offeror will be made available on the website www.gembenelux.com. Any press release issued by DPA will be made available on the website www.dpa.nl.
For more information
Uneke Dekkers
+31 (0)6 50 26 16 26
1 Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum.
© OMX, source