DGAP-News: First Sensor AG / Key word(s): Offer
First Sensor AG: Additional acceptance period for voluntary public
takeover bid by FS Technology Holding S.Ã r.l. to shareholders of
First Sensor AG expires (news with additional features)
19.09.2014 / 09:35
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Press release
First Sensor AG
Peter-Behrens-Str. 15
12459 Berlin, Germany
First Sensor's Shares: ISIN DE0007201907 Î WKN (German Securities
Identification Number) 720190
Additional acceptance period for voluntary public takeover bid by FS
Technology Holding S.á r.l. to shareholders of First Sensor AG expires
- Expiry of additional acceptance period for takeover bid
- 30% threshold reached
- Conditions for completion of takeover bid fulfilled
- Takeover bid expected to be settled on October 9, 2014
Berlin, September 19, 2014 - The additional acceptance period for the
voluntary public takeover bid by FS Technology Holding S.á r.l. (bidder)
ended on September 12, 2014, meaning that the takeover bid can no longer be
accepted.
By way of a takeover bid dated July 28, 2014, FS Technology Holding S.á
r.l. offered to acquire all of the no-par value bearer shares held by the
shareholders of First Sensor AG, Berlin, in exchange for cash compensation
of EUR10.33 per share. According to the bidder, the takeover bid was
accepted for a total of 155,189 shares by the end of the extended
acceptance period. This corresponds to around 1.54% of the share capital of
First Sensor AG.
According to the bidder, the total number of First Sensor shares held by
the bidder and persons acting in concert with the bidder and their
subsidiaries at the end of the additional acceptance period, including the
First Sensor shares for which the takeover bid was accepted, amounted to
3,095,189 (around 30.64% of the share capital). This means that the 30%
threshold has been reached and the bidder will not be required to make a
mandatory offer to the shareholders of First Sensor AG if it wishes to
further increase its equity interest.
According to the bidder, the conditions for the completion of the takeover
bid, i.e. a CDAX Performance Index (ISIN DE0008469602) daily closing price
of at least 776.86 points on the last five banking days of the acceptance
period, have now been fulfilled.
According to the bidder, the settlement of the takeover bid and the payment
of the consideration are expected to take place on October 9, 2014.
First Sensor AG
The Management Board
About First Sensor
First Sensor AG is a leading provider of sensor solutions in the segments
Medical, Industry, Mobility and Electronic Engineering & Manufacturing
Services. First Sensor develops and manufactures high-quality,
customer-specific sensor solutions for the detection of light, radiation,
pressure, flow, level and acceleration. The company produces in-house and
along the value adding-chain from component to system level. First Sensor
was founded in Berlin more than 20 years ago and has been listed on the
Frankfurt Stock Exchange since 1999 [Prime Standard Î WKN (German
Securities Code Number): 720190 Î ISIN: DE0007201907 Î SIS]. Further
information on First Sensor can be found on the Internet at:
www.first-sensor.com.
Legal Disclaimer
This Press release disclosure contains forward-looking statements - that is
statements that do not describe past events or statements that express our
assumptions and expectations. Such forward-looking statements contain words
such as "expect", "want", "anticipate", "plan", "believe", "strive",
"estimate", "will", "predict" and other similar terms. These statements
relate to plans, estimates and forecasts that are currently available to
the management of First Sensor AG. Forward-looking statements are thus only
applicable on the day on which they are made. We accept no obligation to
update and publish such statements in light of new information or future
events. Any liability for such statements is expressly excluded.
Forward-looking statements involve inherent risks and are subject to
uncertainties. A number of factors may mean that the actual results,
achievements and performance of First Sensor AG differ substantially from
the results, achievements and performance expressly or implicitly referred
to in the forward-looking statements. Such factors include changes to the
general economic and business environment as this may have a direct impact
on processes, customers and suppliers. This may negatively impact our sales
development and also capacity utilization. Other such factors may include
changes to the competitive situation, exchange rate and interest rate
fluctuations or national and international legislative changes.
Furthermore, the information contained in this press release disclosure is
intended for information purposes only and does not represent a
recommendation or an invitation to buy, sell or otherwise trade in First
Sensor AG shares or other securities. First Sensor AG therefore assumes no
liability for direct or indirect damages, including loss of earnings, that
may result from the use of this information.
Contact:
Simone Herrmann Î Head of Investor Relations
ir@first-sensor.com
T +49 30 639923-760 Î F +49 30 639923-719
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=NBNKLTWWMM
Document title: PM 140919
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19.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: First Sensor AG
Peter-Behrens-StraÃe 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-760
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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287762 19.09.2014
DGAP-News: First Sensor AG: Additional acceptance period for voluntary public takeover bid by FS Technology Holding S.Ã r.l. to shareholders of First Sensor AG expires (news with additional features)
| Source: EQS Group AG