EANS-News: Semperit AG Holding Increase in stake in Latexx Partners Berhad,
Malaysia, achieved
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Mergers - Acquisitions - Takeovers/Company Information
Vienna / Kuala Lumpur (euro adhoc) - Semperit AG Holding ("Semperit") (Bloomberg
ticker: SEM:AV, Reuters: SMPV.VI) announces that Semperit has completed the
acquisition of all shares and warrants of Mr. Low Bok Tek and certain
shareholders. Semperit has now secured a stake in Latexx Partners Berhad
("Latexx Partners") of more than 83% on a diluted basis of 274.7 million shares
(post potential exercise of all warrants) and more than 80% based on an
undiluted basis of 222.7 million shares.
Semperit intends to start the necessary steps for delisting as soon as
practicable after the end of the offer period. The current offer for all
outstanding shares and warrants of Latexx Partners is being made via Semperit
Investments Asia Pte Ltd, a wholly-owned subsidiary of Semperit. The offer
period will end in two days on November 23, 2012.
"We are extremely pleased that Latexx shareholders have accepted our offer in
such great number and within a short period of time", says Thomas Fahnemann, CEO
of Semperit Group. "This confirms the compelling value proposition we made a
month ago by scaling up our expertise in quality, sales and distribution with
one of the major production hubs in the global glove industry. This strengthens
our confidence that we will not only meet our medium-term target for revenue
growth and EBIT margin but enter a new league of top players in the industry."
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperit.at
Stefan Marin
Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperit.atwww.semperitgroup.com
end of announcement euro adhoc
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company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investors@semperit.at
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ViDX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien, stock market: Stuttgart,
Frankfurt
language: English