Markaryd, Sweden, 2011-07-01 06:30 CEST (GLOBE NEWSWIRE) --
Not for distribution in the United States, Australia, Canada or Japan.
- As per the definitive end result following the end of the acceptance period on June 27, 2011, NIBE confirms in line with Swiss stock exchange regulation that the public tender offer has been accepted by shareholders representing 6,947,578 shares, corresponding to 65.39% of the share capital and votes in Schulthess. Including the shares purchased through share purchase agreements with several large shareholders of Schulthess, NIBE therefore holds in total 10,255,534 Schulthess shares, equivalent to 96.52% of the share capital and votes.
- Formal information is published today in the print media Neue Zürcher Zeitung and Le Temps, and on the webpage of the Swiss Takeover Board (www.takeover.ch).
- The completion of the transaction, with respective cash payment and transfer of NIBE B-shares in return for the tendered Schulthess shares, is planned for July 29, 2011 (or, regarding the transfer of the NIBE B-shares, shortly thereafter) as communicated on June 28, 2011. After completion of the transaction, NIBE intends to apply for a delisting of the Schulthess shares with SIX Swiss Exchange.
Should you have any questions, please contact:
Gerteric Lindquist, Managing Director and CEO, NIBE Industrier AB, tel +46 433 73 076
Leif Gustavsson, CFO, Tel: +46 433-73 075
Christel Fritiofsson, IR-contact, Tel: +46 433-73 078
The information above has been made public according to the Securities Market Act and the Financial Instruments Trading Act. This information was published at 06:30 am on July 1, 2011.
NIBE in brief
NIBE is an international heating technology company. Operations are organised around three business areas - NIBE Element, NIBE Energy Systems and NIBE Stoves - all united under a shared vision: to create world-class solutions in sustainable energy. The group has more than 5,900 employees and carries out business operations in Europe, North America and Asia. In 2010, net sales and operating profit (EBIT) amounted to SEK 6,512 million (CHF 930 million) and SEK 796 million (CHF 114 million) respectively.
NIBE Element is a market leader in Northern Europe and a leading international manufacturer of components and systems for electric heating applications and for resistors. The market is composed of industrial users and users of components. NIBE Energy Systems is a market leader in the Nordic region and holds a leading position in Northern Europe in its main focus areas of heat pumps and electric water heaters for private homes and larger premises. The market is comprised of the RMI sector (Renovation, Maintenance and Improvement) and the construction of new homes and other properties. NIBE Stoves is a market leader in the Nordic region for wood-burning stoves. The market is composed of private homeowners in the new and existing housing market and in the holiday homes sector.
THIS PRESS RELEASE MAY NOT, DIRECTLY OR INDIRECTLY, BE DISTRIBUTED TO, OR PUBLISHED IN, THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR IN ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION OR THE OFFER DESCRIBED IN THIS PRESS RELEASE WOULD REQUIRE FURTHER OFFER DOCUMENT, PROSPECTUS, FILING OR OTHER MEASURES THAN THOSE APPLICABLE UNDER SWISS AND SWEDISH LAW, OR BREACHES THE RULES APPLYING IN SUCH JURISIDCTION. This press release and related information does not constitute an offer or invitation to sell or purchase or tender any securities. shareHolders in SCHULTHESS are advised to review and read carefully the offer DOCUMENT which contains the full terms and conditions of the Offer.
