Nedfast Holding declares the offer for Nedschroef
Helmond / Utrecht - The Offeror declares the recommended public offer for Nedschroef unconditional. Settlement of the Offer Price will be on 1 June 2007. The post-acceptance period ends on 11 June 2007.
With reference to the press releases of 14 March 2007, 13 April 2007, 20 April 2007 and 21 May 2007 Koninklijke Nedschroef Holding N.V. ("Nedschroef") and Nedfast Holding B.V. (the "Offeror") jointly announce that the Offeror declares the recommended public offer (the "Offer") for all outstanding ordinary shares in the capital of Nedschroef (the "Shares") unconditional.
As of today, Friday 25 May 2007, 4,417,201 Shares have been tendered, representing 98.13% of the total number of outstanding Shares.
Settlement and transfer
With reference to the offer memorandum dated 20 April 2007 (the "Offer Memorandum") the Offeror shall pay on 1 June 2007 a consideration in cash of EUR 59.00 (cum dividend) for each tendered and transferred Share (the "Offer Price").
Post-acceptance and delisting
The Offeror grants holders of Shares who have not yet tendered their Shares the opportunity to tender their Shares in a post-acceptance period which will commence on 28 May 2007 at 09:00 hours and will end on 11 June 2007 at 15:00 hours. Holders of Shares can tender their Shares in the manner and subject to the conditions as described in the Offer Memorandum. No later than 18 June 2007 the Offeror expects to make an announcement regarding the total number of Shares held by the Offeror per the end of the post-acceptance period. Payment of the Offer Price for Shares that have been tendered and transferred during the post-acceptance period will subsequently take place on 18 June
Nedschroef and the Offeror will be in contact with Euronext Amsterdam N.V. shortly, with a view to effect the delisting of Nedschroef as soon as possible. All references to time in this press release are references to Amsterdam time.
This announcement is a public announcement as meant in article 9b, paragraph 1 of the Decree on Supervision of Securities Trade 1995 ( Besluit toezicht effectenverkeer 1995).
Nedfast Holding B.V.
Gilde Buy Out Partners
For further information:
Mr. B.T. Molenaar
Tel.: +31 (0)30 2192525
Koninklijke Nedschroef Holding N.V.
Board of Directors
For further information:
Mr. W.C. Mezger
Tel.: + 31 (0)492 548556
This press release is published in both Dutch and English; the Dutch version will prevail over this English version.