D.E. Kat signed a conditional agreement to acquire the remaining 73.3% stake in DOCDATA N.V. (ENXTAM:DOCD) from Cross Options Beheer BV, Teslin Capital Management BV, Stichting Administratiekantoor Arkelhave B.V. and others for €1.8 million in cash on April 15, 2016. Under the terms of the transaction, D.E. Kat will acquire each outstanding share of DOCDATA for €0.35 per share. D.E. Kat intends to launch the offer in June, 2016. The consideration will be financed with cash from D.E. Kat's own available resources. The transaction includes a termination fee of €0.15 million to be paid by D.E. Kat upon any breach.

The transaction is conditional to certain pre-offer conditions such as approval of the Authority for the Financial Markets (AFM), no notification has been received from the AFM that the preparations of the intended offer are in breach of the offer rules, trading in DOCDATA N.V.'s shares has not been suspended or ended as a result of a listing measure, approval of the Board of Directors of DOCDATA N.V., no material breach by DOCDATA N.V. has occurred regarding the offer, DOCDATA N.V. has not issued any options on its securities, including ordinary shares or options on ordinary shares and no competing offer has been launched on the shares of DOCDATA N.V. against a higher price than €0.85 per share (less €0.50 as dividend). The transaction is also conditional to D.E. Kat holding at least 60% stake in DOCDATA upon completion of the offer, the Board of Directors of DOCDATA N.V. have not revoked their approval.

As on September 27, 2016, the takeover bid was not declared unconditional by D.E. Kat as the number of shares tendered was insufficient. Over 27% of all issued and outstanding shares were tendered in the offer period which started on July 18, 2016 and expired on September 23, 2016. The management and supervisory boards of Docdata will consider the new situation and announce no later than October 14, 2016 their decision and proposal to shareholders. NIBC Bank N.V. acted as financial advisor for DOCDATA. NautaDutilh N.V. acted as legal advisor for DOCDATA. Loyens & Loeff N.V. acted as legal advisor for D.E. Kat.