Statutory squeeze-out procedure Nutreco shares initiated
10 April 2015
Amersfoort / Utrecht, the Netherlands, 10 April 2015 - Nutreco N.V. ("Nutreco") and SHV Investments Ltd. (the "Offeror"), an indirect wholly owned subsidiary of SHV Holdings N.V. ("SHV"), announce that today the Offeror initiated the final step in acquiring all issued and outstanding ordinary shares in the capital of Nutreco (the "Shares").
After completion of its public offer for the Shares and subsequent purchases, the Offeror, on 9 April 2015, held 66,248,961 Shares, representing approximately 98.68% of the issued and outstanding share capital of Nutreco. Pursuant to the statutory squeeze-out procedure (uitkoopprocedure) that was initiated today, the Offeror seeks to acquire the 889,470 Shares not already held by either the Offeror or Nutreco. The Offeror and Nutreco, in the writ of summons, request the Enterprise Chamber of the Amsterdam Court of Appeal to set the squeeze-out price at EUR 45.25 per Share, an amount equal to the consideration offered under the public offer.
It has always been the Offeror's intention to ultimately acquire 100% of the Shares (reference is made to paragraph 6.13 of the offer memorandum dated 5 December 2014).
Detailed information regarding the statutory squeeze-out procedure is accessible via www.nutreco.com/en/investor-relations.
As announced by Nutreco and the Offeror on 18 March and 25 March 2015, delisting will take place on 17 April 2015 and the last day that the Shares can be traded on Euronext will therefore be 16 April 2015.
To the extent permissible under applicable law or regulation and in addition to the Shares already held by the Offeror's affiliates, SHV, the Offeror and its affiliates or brokers (acting as agents for SHV, the Offeror or its affiliates, as applicable) may from time to time after the date hereof, directly or indirectly purchase, or arrange to purchase, Shares that are the subject of the squeeze-out procedure. To the extent information about such purchases or arrangements to purchase must be made public in the Netherlands, such information will be disclosed by means of a press release to inform shareholders of such information. In addition, financial advisors to SHV may also engage in ordinary course trading activities in securities of Nutreco, which may include purchases or arrangements to purchase such securities.
END OF PRESS RELEASE
| Media contacts |
| Mark Woldberg |
Manager Media Relations Nutreco
M +31 (0) 6 1503 3036
| Joost van Klink |
Company Secretary SHV
| Jurgen Pullens |
Director Investor Relations
M +31 (0) 6 5159 9483
The full press release in Dutch is attached in the pdf below.