Postponement of the completion of the public purchase offer from Exacompta SAS (Exacompta)
- Tender of 99.49% of the registered shares of Biella-Neher Holding AG (Biella).
- The completion of the public purchase offer from Exacompta has been postponed until 24 May 2019, subject to the fulfilment of further conditions.
In the press release dated 14 March 2019, Exacompta and Biella jointly announced that the two companies have signed a transaction agreement, according to which Exacompta has made a public offer to purchase all outstanding publicly-held registered shares of Biella at a cash price of CHF 4,607 per share.
According to the official announcement of the final result, Exacompta was in possession of more than 8,258 Biella shares at the end of the extension period on 8 May 2019, corresponding to 99.49% of the share capital and voting rights of Biella.
Since then, all approvals and permits needed for the completion of the purchase offer have been granted. Just two offer conditions remain unfulfilled, but Exacompta is confident these will be met by the end of May 2019.
Contact and Coordinates
Biella-Neher Holding AG
Assistant to the Group Management
Phone: +41 32 366 34 04
Phone: +33 1 40 40 44 44
Mr Marco Arrigoni
Chairman of the Supervisory Board:
Rolf U. Sutter
This media release and further information about Biella and Exacompta can be found on the websites www.biellagroup.com and www.exacomptaclairefontaine.com.
This press release and the information it contains are not intended for distribution in the United States of America and do not constitute an offer of securities for sale in that country.
This media release is for information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities. The public offer to purchase all publicly held shares of Biella-Neher Holding AG is made exclusively through and on the basis of an offer prospectus to be published. Any decision regarding the acceptance of the public offer should only be made on the basis of the offer prospectus.
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