D.E MASTER BLENDERS 1753: Statutory Buy-Out To Be Concluded
April 08 2014 - 9:42AM
Press Release PDF
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
http://hugin.info/152637/R/1775090/605552.pdf
HUG#1775090
Deere (NYSE:DE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Deere (NYSE:DE)
Historical Stock Chart
From Apr 2023 to Apr 2024