EQS-News

Nikon Corporation: Acceptance Period of Nikon's Public Takeover Offer for SLM Commences: SLM Shareholders can Tender Their Shares from Today

EQS-News: Nikon Corporation / Key word(s): Offer Nikon Corporation: Acceptance Period of Nikon's Public Takeover Offer for SLM Commences: SLM Shareholders can Tender Their Shares from Today 30.09.2022 / 11:05 CET/CEST The issuer is solely responsible for the content of this announcement.

 

Acceptance Period of Nikon's Public Takeover Offer for SLM Commences: SLM Shareholders can Tender Their Shares from Today

September 30, 2022

 

• Offer document published today following approval by BaFin
• Acceptance period runs from today until November 1,2022
• Cash consideration of EUR 20.00 per SLM share represents a premium of 83.7% to the three-month XETRA VWAP prior to (and incl.) September 1, 2022
• Nikon has already secured 61.1% of the total share capital of SLM on a fully diluted basis
• Management and Supervisory Board of SLM welcome and support the transaction

 

Tokyo, Japan, September 30, 2022 – Nikon Corporation (“Nikon”) announces that its direct subsidiary Nikon AM. AG (the “Bidder”) today published the offer document for its voluntary public takeover offer (the “Takeover Offer”) for the shares (ISIN: DE00A111338 and ISIN DE000A289BJ8) of SLM Solutions Group AG (“SLM”) following approval by the German Federal Financial Supervisory Authority (“BaFin”) to publish the offer document.

 

The acceptance period commences today and will end at midnight (CEST) on November 1,2022. During this period, SLM shareholders can accept the Takeover Offer and tender their shares at a price of EUR 20.00 per share in cash, which represents a premium of 83.7% to the XETRA volume-weighted average share price of SLM in the last three months prior to (and including) September 1, 2022.

 

Nikon has already secured 61.1% of the total share capital of SLM, taking into account the shares resulting from the conversion of all convertible bonds issued by SLM and due 2026. SLM’s management board and supervisory board welcome and fully support the transaction and the Takeover Offer. Subject to the review of the offer document, SLM’s management board and supervisory board intend to recommend SLM shareholders to accept the Takeover Offer and have also committed to tender their shares into the Takeover Offer.