EANS-Adhoc: CHRIST WATER TECHNOLOGY AG
Registration of Squeeze-out with the
Companies Register
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
17.09.2010
The shares of the minority shareholders are transferred to Eimco Water Technologies GmbH with effect as of 18 September 2010. Delisting expected soon.
The Regional Court of Wels has decided today to register with the
Companies Register the squeeze-out pursuant to the Austrian
Squeeze-Out Act, which has been resolved in the 9th annual general
meeting of shareholders of CHRIST WATER TECHNOLOGY AG ("CWT") on 30
July 2010, with effect as of 18 September 2010.Therefore, as of tomorrow all shares held by the minority shareholders will be transferred by operation of law to the majority shareholder Eimco Water Technologies GmbH.
To the extent share certificates have been issued with respect to the shares held by the minority shareholders, such share certificates as of 18 September 2010 certify merely the claim for cash compensation.
A delisting of the shares of CWT is expected to occur soon.
The affected shareholders shall receive a cash settlement in the amount of EUR 2.10 per CWT share which will be paid out in line with the statutory requirements after the squeeze-out has been entered in the Companies Register.
end of announcement euro adhoc
Further inquiry note:
Christ Water Technology AG
Mag. Harald Wegscheider
harald.wegscheider@christwater.com
Tel.: 06232/9011-1002
Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, Standard Market Continous
Börsen: Wien / official market