This is a joint press release by DOCDATA N.V. and Mr. D.E. Kat, herein acting on his own behalf or on behalf of an acquisition vehicle to be specified ('Kat'), pursuant to Section 5 Paragraph 1 and Section 7 Paragraph 4 of the Decree on Public Takeover Bids ('Besluit openbare biedingen Wft', 'the Decree') in connection with the intended public offer by Kat for all the issued and outstanding ordinary shares in the capital of DOCDATA N.V., not yet held by Kat. This announcement and any related documentation does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in DOCDATA N.V. Any public offer will be made only by means of an approved offer memorandum. 

Transaction highlights 

  • Kat and DOCDATA N.V. have reached conditional agreement on a recommended public offer by Kat for all issued and outstanding shares of DOCDATA N.V. against an offer price of EUR 0.85 per share (cum dividend) ('the Offer Price') in cash ('the Intended Offer').
     
  • The Offer Price will be adjusted to EUR 0.35 per share (ex dividend) following the payment of the announced conditional distribution of EUR 0.50 per share on 19 May 2016, provided that the Annual General Meeting of Shareholders of DOCDATA N.V., to be held on 11 May 2016, adopts the proposal for such distribution.
     
  • The Supervisory Board and the Management Board of DOCDATA N.V. fully support the Intended Offer and shall unanimously recommend it. The Supervisory Board and the Management Board are of the opinion that EUR 0.35 per share (ex dividend) represents a fair price, given the current expectation that after settlement of all obligations of DOCDATA N.V., an amount in the range of EUR 0.12 to EUR 0.16 per share (ex dividend) would remain as bank balance.
     
  • Kat has acquired an interest of 26.7% in the share capital of DOCDATA N.V. from Loca Holding B.V.
     
  • The strategy of DOCDATA N.V. will be focused on the acquisition of companies, once the Intended Offer has been declared unconditional.

  
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The listed DOCDATA N.V. exists, after the completion in December 2015 of the sales transactions of the two completely autonomous lines of business Docdata and IAI, solely of the Company DOCDATA N.V. itself.

Waalwijk, The Netherlands, 15 April 2016

Further information:       DOCDATA N.V., M.E.T. Verstraeten, CFO, Tel. +31 (0)416 631 100
Corporate website:        www.docdatanv.com

Further information:       Mr. D.E. Kat, residing in Bergen (North-Holland) 

Press release 15 April 2016


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DOCDATA N.V. via Globenewswire
HUG#2003567