Kijk: dat benne berichte!! :-) Conform mijn verwachting/hoop.
17 december 2015
Percentage of shares tendered under the offer at 60.55%
This is a joint press release by Koninklijke Ten Cate N.V. ("TenCate" or the "Company") and Tennessee Acquisition B.V. (the "Offeror"), pursuant to the provisions of Section 4, paragraphs 1 and 3 of the Netherlands Decree on Public Takeover Bids (Besluit openbare biedingen Wft, (the "Takeover Decree") in connection with the recommended public offer for all the issued ordinary shares in the capital of TenCate (the "Shares"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TenCate. The Offer is made solely pursuant to the offer memorandum, dated October 20, 2015 (the “Offer Memorandum”), approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada and the United States. Capitalised terms used but not defined herein have the meaning ascribed thereto in the Offer Memorandum.
JOINT PRESS RELEASE
Almelo/Utrecht, 17 December 2015
PERCENTAGE OF SHARES TENDERED UNDER THE OFFER AT 60.55%
TenCate and the Offeror today jointly announce that following 17:40 hours on 16 December 2015, being the Acceptance Closing Time, 16,334,736 Shares had been tendered under the recommended public cash offer by the Offeror or committed to the Offeror subject only to the Offer being declared unconditional, at an Offer Price of EUR 24.60 per Share (the "Offer"). These tendered Shares represent approximately 60.55% of all the Company's issued and outstanding share capital (geplaatst kapitaal), i.e. excluding 475,687 Shares held in treasury by the Company.
The Executive and Supervisory Board of TenCate have confirmed to the Offeror that they will not approve a waiver by the Offeror of the minimum acceptance condition (as set out in Offer Condition 3.9(b) (Acceptance Level) included in the Offer Memorandum) if the Acceptance Level is less than 66.7%. Given that the Acceptance Level is 60.55%, the Offer will not be declared unconditional on or before 21 December 2015. The Offeror will announce whether the Offer will be extended or terminated on or before 21 December 2015.