Statutory squeeze-out procedure Nutreco shares initiated
(Thomson Reuters ONE) -
Amersfoort / Utrecht, the Netherlands, 10 April 2015 - Nutreco N.V. ("Nutreco")
and SHV Investments Ltd. (the "Offeror"), an indirect wholly owned subsidiary of
SHV Holdings N.V. ("SHV"), announce that today the Offeror initiated the final
step in acquiring all issued and outstanding ordinary shares in the capital of
Nutreco (the "Shares").
After completion of its public offer for the Shares and subsequent purchases,
the Offeror, on 9 April 2015, held 66,248,961 Shares, representing approximately
98.68% of the issued and outstanding share capital of Nutreco. Pursuant to the
statutory squeeze-out procedure (uitkoopprocedure) that was initiated today, the
Offeror seeks to acquire the 889,470 Shares not already held by either the
Offeror or Nutreco. The Offeror and Nutreco, in the writ of summons, request the
Enterprise Chamber of the Amsterdam Court of Appeal to set the squeeze-out price
at EUR 45.25 per Share, an amount equal to the consideration offered under the
public offer.
It has always been the Offeror's intention to ultimately acquire 100% of the
Shares (reference is made to paragraph 6.13 of the offer memorandum dated 5
December 2014).
Detailed information regarding the statutory squeeze-out procedure is accessible
via www.nutreco.com/en/investor-relations.
Delisting
As announced by Nutreco and the Offeror on 18 March and 25 March 2015, delisting
will take place on 17 April 2015 and the last day that the Shares can be traded
on Euronext will therefore be 16 April 2015.
Other
To the extent permissible under applicable law or regulation and in addition to
the Shares already held by the Offeror's affiliates, SHV, the Offeror and its
affiliates or brokers (acting as agents for SHV, the Offeror or its affiliates,
as applicable) may from time to time after the date hereof, directly or
indirectly purchase, or arrange to purchase, Shares that are the subject of the
squeeze-out procedure. To the extent information about such purchases or
arrangements to purchase must be made public in the Netherlands, such
information will be disclosed by means of a press release to inform shareholders
of such information. In addition, financial advisors to SHV may also engage in
ordinary course trading activities in securities of Nutreco, which may include
purchases or arrangements to purchase such securities.
END OF PRESS RELEASE
Media contacts
Mark Woldberg Joost van Klink
Manager Media Relations Nutreco Company Secretary SHV
M +31 (0) 6 1503 3036 E jklink(at)shv.nl
E mark.woldberg(at)nutreco.com
Investor contacts
Jurgen Pullens
Director Investor Relations
M +31 (0) 6 5159 9483
E jurgen.pullens(at)nutreco.com
The full press release in Dutch is attached in the pdf below.
Statutory squeeze-out procedure Nutreco shares initiated:
http://hugin.info/133565/R/1910318/681210.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nutreco via GlobeNewswire
[HUG#1910318]
Unternehmensinformation / Kurzprofil:
Datum: 10.04.2015 - 18:00 Uhr
Sprache: Deutsch
News-ID 384913
Anzahl Zeichen: 3930
contact information:
Town:
Amersfoort
Kategorie:
Business News
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