Brødrene Hartmann A/S has received the below-stated announcement from Thornico
A/S, which is hereby communicated. The announcement is also available at
www.thornico.com.
Yours faithfully
Brødrene Hartmann A/S
Agnete Raaschou-Nielsen
Chairman
Contact information:
Brødrene Hartmann A/S
Ann-Louise Elkjær, HR & Communications Director
Tel. +45 2033 8693
_______________________________________________________________________
"Lactosan-Sanovo Holding A/S, a wholly owned subsidiary of Thornico A/S, has
announced that the company and related parties intend to increase their total
shareholding in Brødrene Hartmann A/S to 68.5% after agreeing today with LD
Equity 1 K/S and B.H.F. Invest A/S (the Brødrene Hartmann Foundation) to
purchase their total shareholdings in Brødrene Hartmann A/S.
An agreement has been signed with LD Equity I K/S for the purchase of 1,446,228
shares of DKK 20 each at a price of DKK 120 each, and an agreement has been
signed with B.H.F. Invest A/S for the purchase of 853,300 shares of DKK 20 each
at a price of DKK 120 each. The shares are expected to be transferred on 18
December 2012. One-third of the purchase price is payable at the date of
transfer, one-third is payable after nine months at the latest and one-third is
payable after 18 months at the latest. The shares transferred will be pledged as
security for the timely payment of the purchase price.
Until the purchase price has been paid, Lactosan-Sanovo Holding A/S has
undertaken not to carry out certain material transactions such as significant
M&A transactions, distribution of extraordinary dividends or changes to the
share capital without the consent of the pledgee.
The owners of Thornico A/S have expressed great confidence in the current
management of Brødrene Hartmann A/S and its plans such as they have been
presented. Thornico A/S does not intend to join or seek representation on the
Board of Directors of Brødrene Hartmann A/S.
Thornico A/S intends for Brødrene Hartmann A/S to continue to be admitted to
trading and official listing on NASDAQ OMX Copenhagen.
Thornico A/S further intends for Brødrene Hartmann A/S to continue its current
strategies with respect to employment and geographical locations. Accordingly,
Thornico A/S does not expect the transaction to result in any staff reductions
and/or changes at Thornico A/S or at Brødrene Hartmann A/S, and there are no
plans to combine any bases of operation, head offices or other administrative
functions.
Thornico A/S will continue to vote in favour of the dividend strategy defined by
the Board of Directors of Brødrene Hartmann A/S.
Thornico A/S believes that Brødrene Hartmann A/S is an interesting and well-run
company with an acceptable earnings level, and Thornico A/S does not rule out
any additional acquisitions of shares in the company through the stock
exchange."
[HUG#1663874]
