D.E MASTER BLENDERS 1753: Statutory Buy-Out To Be Concluded
April 08 2014 - 9:30AM
Press Release PDF
Amsterdam, 8 April 2014 - D.E MASTER BLENDERS 1753
B.V. ("DEMB") announces that the statutory buy-out proceedings,
initiated by Oak Leaf B.V. ("Oak Leaf"), will be concluded as a
result of a decision today of the Enterprise Chamber in
Amsterdam.
Shareholders that together hold approximately
4.73% of the issued share capital of DEMB can now transfer their
DEMB shares to Oak Leaf for EUR 12.50 per share, equal to Oak
Leaf's public offer on 19 June 2013, increased with interest at a
rate of 3% per annum, to be calculated over the period from 8 April
2014 until the day of transfer of the shares.
In accordance with Dutch law, the buy-out
proceedings followed the successful public offer by Oak Leaf. With
today's decision of the Enterprise Chamber, the acquisition of DEMB
by Oak Leaf can be fully finalized, enabling Oak Leaf to become the
sole shareholder of DEMB on 24 April 2014. On 24 April 2014, all
shares that have not been transferred to Oak Leaf voluntarily will
automatically transfer to Oak Leaf and the former shareholders are
then entitled to request payment of the buy-out price plus accrued
interest from the consignment fund of the Dutch Ministry of Finance
only.
Up until 23 April 2014, shareholders may
voluntarily transfer their shares to Oak Leaf. The voluntary method
of transfer involves certain formalities and related costs payable
by the shareholder. Since the respective transfer procedures entail
specific requirements and actions, DEMB has published the
procedures and related information on a dedicated page on its
website.
For further information media can contact:
Hill+Knowlton Strategies
+31 20 404 4707
Sabine Post or Frans van der Grint
Press Release PDF
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: D.E MASTER BLENDERS 1753 via Globenewswire
HUG#1775090
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