Massive shareholder support for ADB Holdings to go private - delisting imminent
Geneva - 18 December 2014
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 take ADB Holdings S.A. private. 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 shares of ADB Holdings S.A. presented by ADB Holdings S.A. Yesterday, the offer period of the combined offer expired with the following provisional interim results:
- 502,589 shares, all from free float, were tendered and accepted in the repurchase offer of ADB Holdings S.A.;
- 1,454,640 shares, all from free float, were tendered into the public tender offer of 4T S.A.
Taking these shares and the shares held prior to the offer into account, 4T S.A. and the parties acting in concert with 4T S.A. (i.e. including ADB Holdings S.A.) hold 4,256,559 shares of ADB Holdings S.A. or a total of 84.69% of the voting rights. The conditions of the combined offer are met, and the parties reiterate their intention to delist the shares of ADB Holdings S.A. subsequent to the end of the offer, and to apply the squeeze-out procedure.
The publication of the provisional interim results in accordance with the takeover rules and further information on the combined offer may be obtained at www.public-takeover.ch.
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:
Alessandro Brenna, CFO
Tel : +41 22 592 8420
a.brenna@adbglobal.com
Tina Nyfors, IR/Group Communications
Tel: +41 22 592 8433
t.nyfors@adbglobal.com
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