Prysmian update - 90.4% of ordinary shares Draka tendered for acceptance
(Thomson Reuters ONE) -
NOT FOR DISTRIBUTION IN THE UNITED STATES
This is a joint press release by Prysmian S.p.A. and Draka Holding N.V.,
pursuant to the provisions of Article 4 paragraph 3 of the Decree on public
offers Wft (Besluit Openbare Biedingen Wft, the Decree) in connection with the
public offer by Prysmian S.p.A. for all the issued and outstanding ordinary
shares in the capital of Draka Holding N.V. This announcement does not
constitute an offer, or any solicitation of any offer, to buy or subscribe for
any securities in Prysmian and/or Draka. Any offer is made only by means of the
Offer Memorandum. This announcement is not for release, publication or
distribution, in whole or in part, in or into directly or indirectly the United
States, Canada, Japan and Australia.
Milan, Amsterdam, 4 February 2011 - Reference is made to the joint press release
of Prysmian S.p.A. (Prysmian or the Offeror) and Draka Holding N.V. (Draka) of
22 November 2010 and the press releases of Prysmian of 15 December 2010, 5
January 2011, 24 January 2011 and 26 January 2011, whereby Prysmian announced to
make an offer for all issued and outstanding ordinary shares of Draka (the
Shares) at an offer price of EUR 8.60 in cash plus 0.6595 newly issued Prysmian
ordinary shares for each Share (the Offer).
Prysmian is very pleased to announce that during the offer period, which ended
at 18:00 hours, Amsterdam time on 3 February 2011, 44,064,748 Shares have been
tendered for acceptance under the Offer, representing around 90.4% of Draka's
issued and outstanding ordinary share capital (excluding any Shares held by
Draka).
These Shares tendered under the Offer, together with the 5,754,657 financing
preference shares to be acquired by Prysmian from ASR Levensverzekering N.V. and
Kempen Bewaarder Beleggingsfonds 'Ducatus' B.V should the Offer be declared
unconditional (gestanddoening), represent around 91.4% of the total issued and
outstanding share capital of Draka.
Prysmian will announce whether it declares the Offer unconditional
(gestanddoening) no later than on Tuesday 8 February 2011, in accordance with
Article 16 of the Decree.
Offer Memorandum, Position Statement and further information
Prysmian is making the Offer on the terms and subject to the conditions and
restrictions contained in the Offer Memorandum. In addition, Draka has made
available the position statement, containing the information required by Article
18, paragraph 2 and Annex G of the Decree in connection with the Offer (the
Position Statement).
This announcement contains selected, condensed information regarding the Offer
and does not replace the Offer Memorandum and/or the Position Statement. The
information in this announcement is not complete and additional information is
contained in the Offer Memorandum and the Position Statement. Shareholders of
Draka should refer to the Offer Memorandum for all terms, conditions and
restrictions to the Offer.
Digital copies of the Offer Memorandum, the Position Statement and any documents
incorporated by reference therein are available on the websites of the Offeror
(www.prysmian.com) and Draka (www.draka.com).
Pdf version of the press release
Pdf versie van het persbericht
For more information
Prysmian Draka
Luca Caserta Michael Bosman
Investor Relations Investor Relations
Telephone: +39 02 64491 Telephone: +31 20 56 89 805
Email: luca.caserta(at)prysmian.com Email: michael.bosman(at)draka.com
www.draka.com
Lorenzo Caruso
Media Relations
Telephone: +39 02 64491
Email: lorenzo.caruso(at)prysmian.com
www.prysmian.com
Prysmian profile
A leading player in the industry of high-tech cables and systems for energy and
telecommunications, the Prysmian Group is a global business with more than ?3.7
billion in net sales in 2009 and a strong position in higher value-added market
segments. With its two businesses, Energy Cables & Systems (submarine and
underground cables for power transmission and distribution, for industrial
applications and for the distribution of electricity to residential and
commercial buildings) and Telecom Cables & Systems (optical cables and fibers
and copper cables for video, data and voice transmission), Prysmian boasts a
global presence with subsidiaries in 39 countries, 56 plants in 24 countries, 7
Research & Development Centres in Europe, USA and South America, and around
12,000 employees.
Prysmian is listed on the Milan Stock Exchange in the Blue Chip index. More
information on Prysmian can be found atwww.prysmian.com.
Draka 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 Aerospace, Automotive, Elevator, Engineered
Specialties, Offshore and Renewable Energy 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
9,400 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 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 at www.draka.com.
If you no longer wish to receive Draka Holding N.V. press releases please reply
UNSUBSCRIBE to this email.
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
[HUG#1485367]
Unternehmensinformation / Kurzprofil:
Datum: 04.02.2011 - 07:55 Uhr
Sprache: Deutsch
News-ID 51079
Anzahl Zeichen: 7538
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Prysmian update - 90.4% of ordinary shares Draka tendered for acceptance"
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