Koninklijke Ten Cate NV : DELISTING OF TENCATE SHARES ON 17 MARCH 2016
February 18 2016 - 1:30AM
Koninklijke Ten Cate N.V.
("TenCate") and Tennessee Acquisition B.V. (the "Offeror") today
jointly announce that as the Offeror has acquired more than 95% of
all issued and outstanding ordinary shares in the capital of
TenCate (the "Shares") in the public offer for all Shares by the
Offeror, the Offeror and TenCate have requested Euronext Amsterdam
N.V. ("Euronext Amsterdam") to co-operate with the delisting of the
Shares from Euronext in Amsterdam ("Euronext") and that today
Euronext Amsterdam has confirmed to the Offeror and TenCate that it
has given its consent to such request.
Delisting will take place on 17 March 2016 and the
last day that the Shares can be traded on Euronext will therefore
be 16 March 2016.
As announced on 10 February 2016, following the
end of the post-acceptance period the Offeror held 98.01% of all
issued and outstanding TenCate shares, i.e. excluding 475,687
shares held in treasury by TenCate. In addition, and as previously
announced by the Offeror, the Offeror intends to initiate the
statutory squeeze-out proceedings (uitkoopprocedure) to obtain 100%
of the Shares as soon as possible.
***
Media contacts:
Hill+Knowlton Strategies
Tel: +31 20 4044 707
Sabine Post-de Jong
Mob: +31 6 55 15 53 65
Investor contacts:
TenCate
Gert Steens
Mob: +31 6 21 59 74 11
About TenCate
TenCate is a multinational company which combines
materials technology and chemical processes in the development and
production of functional materials with distinctive
characteristics. TenCate products are developed, manufactured and
sold around the world. Systems and materials from TenCate come in
four areas of application: safety & protection, space &
aerospace; infrastructure & environment; sports &
recreation. TenCate occupies leading positions in protective
fabrics, composites for space and aerospace, antiballistics,
geosynthetics and synthetic turf. For more information, visit
www.tencate.com.
About Gilde
With offices in the Benelux and DACH region, Gilde
Buy Out Partners is a leading European private equity investor in
mid-market transactions. Founded in 1982, Gilde has been supporting
management teams in over 100 buy out transactions. Gilde manages
funds in excess of €3 billion and has a controlling interest in
companies such as CID Lines, Roompot, Axa Stenman, Comcave, Riri,
Teleplan, Powerlines and HG. For more information, visit
www.gilde.com.
About Parcom
Capital
Parcom Capital is a leading mid-market private
equity firm in the Benelux with a mid- to long-term investment
horizon focused on distinctive value creation strategies. It was
founded in 1982 as one of the first buy-out and expansion capital
providers in the Dutch market. Over the past 30 years, Parcom
Capital invested directly in more than 75 (international)
companies, was involved in numerous add-ons and helped multiple
management teams in realizing their growth ambitions. For more
information visit www.parcomcapital.com
About ABN AMRO
Participaties
ABN AMRO Participaties ("AAPart") is the private
equity firm of ABN AMRO Group, and invests in profitable companies
in the Netherlands. AAPart has a mid- to long-term investment
horizon, and supports entrepreneurial management teams in realising
their growth ambitions. Over the past 30 years, AAPart has invested
in more than 100 companies in various industries, helping them to
grow organically as well as through add-on acquisitions. For more
information, visit www.abnamroparticipaties.nl
General
restrictions
This announcement is for information purposes only
and does not constitute an offer or an invitation to acquire or
dispose of any securities or investment advice or an inducement to
enter into investment activity. This announcement does not
constitute an offer to sell or issue or the solicitation of an
offer to buy or acquire the securities of TenCate in any
jurisdiction. The distribution of this press release may, in some
countries, be restricted by law or regulation. Accordingly, persons
who come into possession of this document should inform themselves
of and observe these restrictions. To the fullest extent permitted
by applicable law, the Offeror, each member of the consortium,
TenCate and their respective advisors disclaim any responsibility
or liability for the violation of any such restrictions by any
person. Any failure to comply with these restrictions may
constitute a violation of the securities laws of that jurisdiction.
Neither the Offeror, any member of the consortium nor TenCate, nor
any of their advisors assumes any responsibility for any violation
by any person of any of these restrictions. Any TenCate shareholder
who is in any doubt as to his position should consult an
appropriate professional advisor without delay.
Press release as PDF
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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 Ten Cate NV via Globenewswire
HUG#1987040
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