DRAKA HOLDING : Prysmian update - 90.4% of ordinary shares Draka tendered for acceptance

NOT FOR DISTRIBUTION IN THE UNITED STATES 

This is a joint press release by Prysmian S.p.A. and Draka Holding N.V., pursuant to the provisions of Article 4 paragraph 3 of the Decree on public offers Wft (Besluit Openbare Biedingen Wft, the Decree) in connection with the public offer by Prysmian S.p.A. for all the issued and outstanding ordinary shares in the capital of Draka Holding N.V. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Prysmian and/or Draka. Any offer is made only by means of the Offer Memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into directly or indirectly the United States, Canada, Japan and Australia.

 

Milan, Amsterdam, 4 February 2011 - Reference is made to the joint press release of Prysmian S.p.A. (Prysmian or the Offeror) and Draka Holding N.V. (Draka) of 22 November 2010 and the press releases of Prysmian of 15 December 2010, 5 January 2011, 24 January 2011 and 26 January 2011, whereby Prysmian announced to make an offer for all issued and outstanding ordinary shares of Draka (the Shares) at an offer price of EUR 8.60 in cash plus 0.6595 newly issued Prysmian ordinary shares for each Share (the Offer). 

Prysmian is very pleased to announce that during the offer period, which ended at 18:00 hours, Amsterdam time on 3 February 2011, 44,064,748 Shares have been tendered for acceptance under the Offer, representing around 90.4% of Draka's issued and outstanding ordinary share capital (excluding any Shares held by Draka).

These Shares tendered under the Offer, together with the 5,754,657 financing preference shares to be acquired by Prysmian from ASR Levensverzekering N.V. and Kempen Bewaarder Beleggingsfonds 'Ducatus' B.V should the Offer be declared unconditional (gestanddoening), represent around 91.4% of the total issued and outstanding share capital of Draka.

Prysmian will announce whether it declares the Offer unconditional (gestanddoening) no later than on Tuesday 8 February 2011, in accordance with Article 16 of the Decree.

Offer Memorandum, Position Statement and further information 

Prysmian is making the Offer on the terms and subject to the conditions and restrictions contained in the Offer Memorandum. In addition, Draka has made available the position statement, containing the information required by Article 18, paragraph 2 and Annex G of the Decree in connection with the Offer (the Position Statement). 

This announcement contains selected, condensed information regarding the Offer and does not replace the Offer Memorandum and/or the Position Statement. The information in this announcement is not complete and additional information is contained in the Offer Memorandum and the Position Statement. Shareholders of Draka should refer to the Offer Memorandum for all terms, conditions and restrictions to the Offer. 

Digital copies of the Offer Memorandum, the Position Statement and any documents incorporated by reference therein are available on the websites of the Offeror (www.prysmian.com:
http://www.prysmian.com/) and Draka (www.draka.com:
http://www.draka.com/).

 

Pdf version of the press release:
http://hugin.info/130732/R/1485367/420437.pdf

Pdf versie van het persbericht:
http://hugin.info/130732/R/1485367/420436.pdf 

 

For more information

Prysmian Luca Caserta Investor Relations Telephone: [phone] Email: [e-mail]: mailto:[e-mail]   Lorenzo Caruso Media Relations Telephone: [phone] Email: [e-mail]: mailto:[e-mail] www.prysmian.com: http://www.prysmian.com/

Draka Michael Bosman Investor Relations Telephone: [phone] Email: [e-mail]: mailto:[e-mail] www.draka.com: http://www.draka.com/

 

Prysmian profile

A leading player in the industry of high-tech cables and systems for energy and telecommunications, the Prysmian Group is a global business with more than ?3.7 billion in net sales in 2009 and a strong position in higher value-added market segments. With its two businesses, Energy Cables & Systems (submarine and underground cables for power transmission and distribution, for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibers and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 39 countries, 56 plants in 24 countries, 7 Research & Development Centres in Europe, USA and South America, and around 12,000 employees.
Prysmian is listed on the Milan Stock Exchange in the Blue Chip index. More information on Prysmian can be found at www.prysmian.com:
http://www.prysmian.com/. 

Draka profile

Draka Holding N.V. ('Draka') is the holding company of a number of operating companies that are active worldwide in the development, production and sale of cable and cable systems. Draka's activities are divided into three groups: Energy & Infrastructure, Industry & Specialty and Communications.
Within these three groups, the activities are organised into divisions. Energy & Infrastructure consists of the Europe and Asia-Pacific divisions; Industry & Specialty consists of the Aerospace, Automotive, Elevator, Engineered Specialties, Offshore and Renewable Energy divisions and the Communications Group comprises the Telecom Solutions, Multimedia and Specials, Americas and Optical Fiber divisions.
Draka has 68 operating companies in 31 countries throughout Europe, North and South America, Asia and Australia. Worldwide, the Draka companies employ some 9,400 people. Draka Holding N.V.'s head office is in Amsterdam. In 2009, Draka reported revenue of ? 2.0 billion and net income of ? 48.3 million (excluding non-recurring items).
Draka Holding N.V. ordinary shares are listed on NYSE Euronext Amsterdam. The company is included in the Next150 index and the AMX index (Amsterdam Midkap index). Options on Draka shares are also traded on the NYSE Euronext Amsterdam Derivative Markets. 

More information on Draka Holding N.V. can be found at www.draka.com:
http://www.draka.com/.

 

If you no longer wish to receive Draka Holding N.V. press releases please reply UNSUBSCRIBE to this email.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Draka Holding NV via Thomson Reuters ONE

HUG#1485367

Share

© GlobeNewswire - 2011