Syngenta Shareholders Accept ChemChina Offer
May 05 2017 - 1:00AM
Business Wire
China National Chemical Corporation (ChemChina) today announced
the provisional interim results for ChemChina’s offer to acquire
Syngenta. At the end of the Main Offer Period on May 4, based on
preliminary numbers, around 80.7 percent of shares have been
tendered. Subject to confirmation in the definitive notice of
interim results scheduled for May 10, the Minimum Acceptance Rate
condition of 67 percent of issued Syngenta shares has been met.
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The prospective timetable for the closing of the offer is as
follows:
Wednesday, May 10, 2017 Definitive notice of the
interim result of the Offer Thursday, May 11, 2017 Start of the
Additional Acceptance Period Tuesday, May 16, 2017
Payment of Special Dividend to
shareholders1
Thursday, May 18, 2017 First Settlement Wednesday, May 24, 2017 End
of the Additional Acceptance Period Friday, May 26, 2017
Provisional notice of the end result of the Offer (at the latest)
Wednesday, May 31, 2017 Definitive notice of the end result of the
Offer Wednesday, June 7, 2017 Second Settlement
Further, as soon as permitted by law and applicable regulations,
it is intended to de-list the shares from the SIX and to de-list
the ADSs from the NYSE.
About Syngenta
Syngenta is a leading agriculture company helping to improve
global food security by enabling millions of farmers to make better
use of available resources. Through world class science and
innovative crop solutions, our 28,000 people in over 90 countries
are working to transform how crops are grown. We are committed to
rescuing land from degradation, enhancing biodiversity and
revitalizing rural communities. To learn more visit
www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter®
at www.twitter.com/Syngenta.
About ChemChina
ChemChina, which is headquartered in Beijing, China, possesses
production, R&D and marketing systems in 150 countries and
regions. It is the largest chemical corporation in China, and
occupies the 234th position among the Fortune Global 500. The
company’s main businesses include materials science, life science,
high-end manufacturing and basic chemicals, among others.
Previously, ChemChina has successfully acquired 9 leading
industrial companies in France, United Kingdom, Israel, Italy and
Germany, etc. To learn more visit www.chemchina.com and
www.chemchina.com/press.
Disclaimer
This press release is not an offer to purchase or a solicitation
of an offer to sell any securities.
Additional information and where to find it
This press release is for informational purposes only and does
not constitute an offer to purchase or a solicitation of an offer
to sell company securities. The solicitation and offer to buy
company securities is only made pursuant to the Swiss offer
prospectus and the offer to purchase and other documents relating
to the U.S. offer that have been filed with the US Securities and
Exchange Commission (“SEC”). At the time the US Public Tender Offer
was commenced, ChemChina and a designated direct or indirect
subsidiary filed a tender offer statement on Schedule TO with the
SEC and thereafter, the company filed a solicitation/recommendation
statement on Schedule 14d-9 with respect to the offer. Investors
and security holders are urged to read these materials carefully
since they contain important information, including the terms and
conditions of the offer. Investors and security holders may obtain
a free copy of these materials and other documents filed by
ChemChina and the company with the SEC at the website maintained by
the SEC at www.sec.gov. Investors and security holders may also
obtain free copies of the solicitation/recommendation statement and
other documents filed with the SEC by the company at
www.syngenta.com.
Cautionary statement regarding forward-looking
statements
Some of the statements contained in this press release are
forward-looking statements, including statements regarding the
expected consummation of the acquisition, which involves a number
of risks and uncertainties, including the satisfaction of the
closing conditions for the acquisition, the possibility that the
transaction will not be completed and other risks and uncertainties
discussed in the company’s public filings with the SEC, including
the “risk factors” section of the company’s form 20-F filed on
February 16, 2017 as well as the tender offer documents filed by
the offeror and the solicitation/recommendation statement filed by
the company. These statements are based on current expectations,
assumptions, estimates and projections, and involve known and
unknown risks, uncertainties and other factors that may cause
results, levels of activity, performance or achievements to be
materially different from any forward-looking statements. These
statements are generally identified by words or phrases such as
“believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may”,
“should”, “estimate”, “predict”, “potential”, “continue” or the
negative of such terms or other similar expressions. If underlying
assumptions prove inaccurate or unknown risks or uncertainties
materialize, actual results and the timing of events may differ
materially from the results and/or timing discussed in the
forward-looking statements, and you should not place undue reliance
on these statements. The offeror, ChemChina and the company
disclaim any intent or obligation to update any forward-looking
statements as a result of developments occurring after the period
covered by this press release or otherwise.
1 Holders of ADSs will receive the Special Dividend in
mid-July.
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version on businesswire.com: http://www.businesswire.com/news/home/20170504006897/en/
Syngenta International AGMedia OfficeTelephone:
+41 61 323 23 23Fax: +41 61 323 24 24www.syngenta.comorSyngenta
Media:Leandro Conti, +41 61 323
2323Switzerlandmedia.relations@syngenta.comorSyngenta
Analysts/Investors:Jennifer GoughSwitzerland, +41 61 323
5059USA, +1 202 737
6521orChemChinawww.chemchina.comorChemChina Media:Ren
Kan, +86 13810977565renkan@chemchina.com
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