Target company: SMARTRAC N.V.; Bidder: OEP Technologie B.V.
Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a company of EquityStory AG. The bidder is solely responsible for the content of this announcement.
Publication of the decision to launch a public takeover offer in accordance with § 10 para. 1 in conjunction with § 34 and § 1 para. 3 of the German Securities Acquisition and Takeover Act
Bidder: OEP Technologie B.V. Strawinskylaan 1135 WTC T B 1077 XX Amsterdam The Netherlands
registered with the commercial register (Kamer van Koophandel) of Amsterdam under register number 50528432
Target Company: SMARTRAC N.V. Strawinskylaan 851 1077 XX Amsterdam The Netherlands
registered with the commercial register (Kamer van Koophandel) of Amsterdam under register number 34241345
ISIN: NL0000186633
The offer document will be published on the internet at http://www.oeptechnologie.nl upon approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).
Information of the Bidder: Today, OEP Technologie B.V. (the ´Bidder´) has made the decision to offer to the shareholders of SMARTRAC N.V. (hereinafter also referred to as the ´Target Company´) to acquire their shares of SMARTRAC N.V., each representing a pro rata amount of the registered share capital (Grundkapital) of EUR 0.50 per share, by way of a voluntary public takeover offer against payment of a cash consideration of EUR 20.00 per share. The completion of the takeover offer will only be subject to the conditions of anti-trust clearances and the issue of a clearance certificate by the German Federal Ministry of Economics and Technology (Bundesministerium für Wirtschaft und Technologie) and will, in particular, not be subject to a minimum acceptance level. Apart from this, the offer will be made on and subject to the terms and conditions yet to be communicated in the offer document.
The Bidder, a company newly established for the completion of the transaction, is an indirect subsidiary of One Equity Partners IV, L.P. with registered office in New York, U.S.A. (http://www.oneequity.com). Important information: This announcement neither represents an offer to purchase or sell nor a solicitation of an offer to purchase or sell shares in the Target Company. The final terms and conditions of the offer will be published in the offer document after the approval by the German Federal Financial Supervisory Authority. Investors and holders of shares in the Target Company are strongly advised to read any relevant documents in connection with the takeover offer as soon as such documents will be published as they will contain important information.
Amsterdam, 30. August 2010
OEP Technologie B.V.
End of WpÜG announcement(c)DGAP 30.08.2010 Listed: Regulierter Markt Frankfurt (Prime Standard); Freiverkehr Berlin, Düsseldorf, München, Stuttgart