Draka requests Xinmao for further information
(Thomson Reuters ONE) -
Reference is made to the press release of Tianjin Xinmao S&T Investment Corp.
Ltd. ("Xinmao") dated 22 November 2010 and the press releases of Draka Holding
N.V. ("Draka") dated 22 and 23 November 2010.
The Board of Management and the Supervisory Board of Draka (the "Boards") hereby
confirm that, in view of their fiduciary duties to act in the interest of all
stakeholders (including in particular the shareholders) of Draka as well as the
concerns articulated publicly, they have today requested Xinmao to provide
elaborate and detailed written information and substantiating documentation in
respect of questions and matters raised in connection with Xinmao's announced
intention to launch a public offer for Draka. The Boards' concerns as to the
identity of Xinmao and its (ultimate) shareholders, debt and equity financing of
the proposed offer and the required regulatory approvals including its timing
will need to be addressed by Xinmao to enable the Boards to further explore and
subsequently review Xinmao's proposed offer. Draka anticipates to receive
adequate clarification and underlying evidence from Xinmao on short notice.
Draka will keep its shareholders and all other stakeholders informed of all
significant developments, and will issue additional statements if and when
appropriate.
This is an announcement in accordance with Section 5:25i paragraph 2 of the
Dutch Financial Supervision Act (Wet op het financieel toezicht).
Pdf version of the press release
NOTE FOR EDITORS: for more information, please contact:
Draka Holding N.V.:
Michael Bosman - Director Investor Relations
+31 20 568 9805;michael.bosman(at)draka.com
+------------------------------------------------------------------------------+
|2011 Financial calendar (provisional) |
+----------------------------------------------------+-------------------------+
|Publication of 2010 full-year figures |Tuesday 15 February 2011 |
| |(before start of trading)|
+----------------------------------------------------+-------------------------+
|General Meeting of Shareholders, Holiday Inn |Monday 9 May 2011 |
|Amsterdam |Start at 14.30h |
+----------------------------------------------------+-------------------------+
|Publication of trading update for the first half of |Wednesday 18 May 2011 |
|2011 |(before start of trading)|
+----------------------------------------------------+-------------------------+
|Publication of 2011 half-year figures |Thursday 4 August 2011 |
| |(before start of trading)|
+----------------------------------------------------+-------------------------+
|Publication of trading update for the second half of|Tuesday 15 November 2011 |
|2011 |(before start of trading)|
+----------------------------------------------------+-------------------------+
Company profile
Draka Holding N.V. ('Draka') is the holding company of a number of operating
companies that are active worldwide in the development, production and sale of
cable and cable systems. Draka's activities are divided into three groups:
Energy & Infrastructure, Industry & Specialty and Communications.
Within these three groups, the activities are organised into divisions. Energy &
Infrastructure consists of the Europe and Asia-Pacific divisions; Industry &
Specialty consists of the Automotive & Aviation, Elevator Products, Cableteq
USA, Industrial and Offshore divisions and the Communications Group comprises
the Telecom Solutions, Multimedia and Specials, Americas and Optical Fiber
divisions.
Draka has 68 operating companies in 31 countries throughout Europe, North and
South America, Asia and Australia. Worldwide, the Draka companies employ some
9,600 people. Draka Holding N.V.'s head office is in Amsterdam. In 2009, Draka
reported revenue of ? 2.0 billion and net income of ? 48.3 million (excluding
non-recurring items).
Draka Holding N.V. ordinary shares and subordinated convertible bonds are listed
on NYSE Euronext Amsterdam. The company is included in the Next150 index and the
AMX index (Amsterdam Midkap index). Options on Draka shares are also traded on
the NYSE Euronext Amsterdam Derivative Markets.
More information on Draka Holding N.V. can be found atwww.draka.com.
[HUG#1466298]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: Draka Holding NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 26.11.2010 - 18:15 Uhr
Sprache: Deutsch
News-ID 49168
Anzahl Zeichen: 5597
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Draka requests Xinmao for further information"
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Draka Holding NV (Nachricht senden)
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