elexis AG: Statement of the Management Board pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- undÜbernahmegesetz - WpÜG) on the tender offer by SMS GmbH
(firmenpresse) - elexis AG / Key word(s): Enterprise/
elexis AG: Statement of the Management Board pursuant to section 27 of
the German Securities Acquisition and Takeover Act (Wertpapiererwerbs-
undÜbernahmegesetz - WpÜG) on the tender offer by SMS GmbH
DGAP-Media / 24.06.2011 / 15:18
Statement of the Management Board pursuant to section 27 of the German
Securities Acquisition and Takeover Act (Wertpapiererwerbs- undÜbernahmegesetz - WpÜG) on the tender offer by SMS GmbH
*Management Board deems the offer price adequate within the meaning of
section 31 WpÜG and recommends to the shareholders to accept the offer
*Group Works Council endorses the offer of SMS GmbH
*Supervisory Board will publish a separate statement pursuant to section 27
WpÜG
Wenden, June 24, 2011 - Today, the Management Board of elexis AG has
issued its reasoned statement pursuant to section 27 WpÜG on the tender
offer by SMS GmbH published on June 15, 2011. Following an in-depth review,
the Management Board has reached the conclusion that the offer price is
adequate within the meaning of section 31 WpÜG and recommends to accept the
offer.
The assessment of the offer price is supported by an independent fairness
opinion prepared by Bankhaus Joh. Berenberg, Gossler&Co KG who qualify
the offer price as financially fair. Based on its own calculations as well
as the above independent and capital market-oriented fairness opinion, the
Management Board unanimously resolved to recommend to accept the offer. In
addition to the assessment of the offer price, the Management Board
considered in its deliberations that elexis AG is to be continued in its
existing structure as an independent enterprise within the SMS Group and
that the existing co-operation, especially in the field of technology, is
to be further expanded.
SMS GmbH will finance the tender offer entirely by using own funds. This
fact was also considered in the decision reached by the Management Board.
The members of the Management Board declared that they intend to accept the
offer of SMS GmbH also for the shares held by themselves.
The Group Works Council announced that it also appreciates the offer and
regards SMS GmbH as a reliable partner for the further development of
elexis Group, its locations as well as its staff.
The Supervisory Board will issue a separate statement pursuant to section
27 WpÜG.
The non-binding English translation of the full reasoned statement of the
Management Board of elexis AG pursuant to section 27 WpÜG is available for
inspection on the website of the company under www.elexis.de in the
'Investor Relations / Tender Offer SMS GmbH' section. Additionally, the
statement is kept available for free-of-charge distribution by elexis AG
under the address Industriestraße 1, 57482 Wenden (phone: +49 (0)2762 /
612-130, fax: +49 (0)2762 / 612-135, e-mail: info(at)elexis.de). A
corresponding indicative announcement (Hinweisbekanntmachung) has been
published in the German electronic Federal Gazette (elektronischer
Bundesanzeiger) of June 24, 2011.
The Group Works Council's statement has been attached as an annex to the
Management Board's reasoned statement.
End of Media Release
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Language: English
Company: elexis AG
Industriestraße 1
57482 Wenden
Deutschland
Phone: +49 (0)2762 612 - 130
Fax: +49 (0)2762 612 - 135
E-mail: eicke(at)elexis.de
Internet: www.elexis.de
ISIN: DE0005085005
WKN: 508500
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP-Media
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129675 24.06.2011
Datum: 24.06.2011 - 15:18 Uhr
Sprache: Deutsch
News-ID 34460
Anzahl Zeichen: 0
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Kategorie:
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