THIS ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION IN THE USA, CANADA, JAPAN OR AUSTRALIA.
- One day before the end of the statutory extension period Pierer Industrie AG exceeds 30% threshold in SHW
- Statutory extension period ends on August 25, 2017
During the statutory extension period of the takeover bid of Pierer Industrie AG to the shareholders of SHW AG additional shares have been tendered so that the acceptance quote has already reached more than 13% of the share capital and the voting rights. Together with the stake Pierer Industrie AG and parties acting in concert with it held before the publication of the takeover bid, the important threshold of 30% has been reached and exceeded.
Shareholders of SHW, who have not yet accepted the takeover bid of Pierer Industrie AG, can accept the takeover bid until 25 August 2017, 24.00 (local time Frankfurt am Main), in accordance with the terms and conditions of the offer document.
The final result of the takeover bid will be published on 30 August 2017; the settlement will occur on 4 September 2017.
About the Pierer Group:
The Pierer Group is a leading European vehicle group with a focus on the global motorcycle segment and the automotive high-tech component sector. The Group currently employs more than 5,200 people worldwide with a group turnover of more than EUR 1.5 billion.
Additional Information (Disclaimer)
This announcement is for information purposes only and does not constitute an offer to buy or an invitation to sell securities. The offer to purchase SHW shares is subject exclusively to the terms and conditions specified by Pierer Industrie AG in the offer document and the amendment to the offer.
This press announcement does not release the respective SHW shareholder from his/her obligation to examine the information contained in the offer document and in the amendment to the offer and – taking into account all available sources of information, all individual circumstances of the shareholder (in particular with regard to the individual tax situation), the applicable statutory provisions for the shareholder and the personal assessment of the future development of the share price of the SHW share – to make his/her own decision about whether or not to accept the takeover offer.
Pierer Industrie AG points out that it is not in a position and is not obliged to verify whether the SHW shareholders comply with all obligations of the individually applicable statutory provisions upon acceptance of the takeover bid. Shareholders of SHW wishing to accept the takeover offer should examine whether the acceptance of the takeover offer is compatible with legal obligations arising out of their personal circumstances (e.g., sales restrictions). Furthermore, Pierer Industrie AG recommends that all shareholders subject to the laws of a foreign jurisdiction may obtain information about and comply with the applicable laws. Pierer Industrie AG assumes no liability for the decision of a shareholder and recommends that each shareholder of SHW obtains the necessary individual tax and legal advice, if necessary.