Boskalis reduces Fugro holding to 9.38%
December 13 2016 - 1:00AM
Papendrecht, 13 December 2016
Not for release, publication or distribution, in
whole or in part, directly or indirectly, in or into the United
States, Canada, Japan, South Africa, Australia or any other
jurisdiction where it may be unlawful to distribute this
announcement.
Royal Boskalis Westminster N.V. (Boskalis)
announces that it has reduced its holding in Fugro N.V. (Fugro) to
9.38%.
The reduction was accomplished through a
successful accelerated bookbuild via which 12,685,878 (15%)
certificates of shares in Fugro (the Shares) were placed with
institutional investors at EUR 14.50 per share. The bookbuild
commenced on Monday 12 December after closing of Euronext
Amsterdam.
Peter Berdowski, CEO Boskalis:
"During the presentation of the half year results,
we indicated that we would reconsider our position in Fugro.
Despite our conviction that parts of Fugro fit very well with
Boskalis, we recently decided to sell down our Fugro holding in
steps. This decision is on the one hand based on the uncertain
market conditions which continue to prevail much longer than
anticipated and on the other hand also the position of the Fugro
management. Through the gradual sell down we have taken away
uncertainty in our own share and we expect to create more value for
our shareholders going forward."
In relation to this transaction, Boskalis agreed
to a 90 days lock-up period during which it may not dispose of
Shares in Fugro, subject to the agreement with the Joint
Bookrunners.
Kempen & Co and Goldman Sachs acted as Joint
Bookrunners for this transaction.
This announcement does not
constitute an offer of, or the solicitation of an offer to
subscribe for or purchase any securities to any person in any
jurisdiction to whom it is unlawful to make such offer or
solicitation in such jurisdiction. The Shares have not been, and
will not be, registered under the US Securities Act of 1933, as
amended (the "US Securities Act"). The Shares may not be offered or
sold in the United States, except to qualified institutional buyers
("QIBs"), as defined in, and in reliance on, the exemption from the
registration requirements of the US Securities Act provided in Rule
144A thereunder ("Rule 144A") or another exemption from, or in a
transaction not subject to, the registration requirements of the US
Securities Act. No action has been taken to allow a public offering
of the Shares in the United States.
This is a Boskalis press release
on the grounds of article 17 paragraph 1 of the European Market
Abuse Regulation (596/2014).
Royal Boskalis
Westminster N.V. is a leading global services provider operating in
the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal
and delta regions of the world with services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbour towage and terminal
services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage
and Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis
operates in around 75 countries across six continents. Boskalis has
over 8,200 employees, excluding its share in
partnerships.
This press release can also be found on our
website www.boskalis.com.
pdf version
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Koninklijke Boskalis Westminster N.V. via
Globenewswire
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