Going private of ADB Holdings successful - 90% threshold crossed
Geneva - 14 January 2015
On 5 November 2014, Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) and the company's largest shareholder, 4T S.A., published a combined offer to take ADB Holdings S.A. private. The combined offer consisted of a public tender offer for all shares of ADB Holdings S.A. presented by 4T S.A., and a repurchase offer for a maximum of 10% of all shares of ADB Holdings S.A. presented by ADB Holdings S.A. Yesterday, the subsequent offer period of the public tender offer expired with the following provisional final results:
- 2,000,588 shares were tendered into the public tender offer of 4T S.A.
- 502,589 shares were tendered in the repurchase offer of ADB Holdings S.A.;
Taking these shares and the shares held prior to the offer into account, 4T S.A. and the parties acting in concert with 4T S.A. (i.e. including ADB Holdings S.A.) hold 4,802,507 shares of ADB Holdings S.A. or a total of 95.56% of all shares outstanding. All offer conditions are met, and the parties reiterate their intention to delist the shares of ADB Holdings S.A., and to apply squeeze-out procedures.
The publication of the provisional final results in accordance with the takeover rules and further information on the combined offer may be obtained at www.public-takeover.ch. The settlement date for the offer is 27 January 2015.
This press release and further information on ADB Group can be found on the Group's website at www.adbholdings.com
For further information please contact:
Alessandro Brenna, CFO
Tel : +41 22 592 8420
a.brenna@adbglobal.com
Tina Nyfors, IR/Group Communications
Tel: +41 22 592 8433
t.nyfors@adbglobal.com
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