TE Connectivity publishes provisional end result of the public tender offer for all shares of Schaffner Holding – participation of 98.7 percent

Schaffner Holding AG / Key word(s): Mergers & Acquisitions TE Connectivity publishes provisional end result of the public tender offer for all shares of Schaffner Holding – participation of 98.7 percent 01-Dec-2023 / 07:03 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

Schaffhausen/Luterbach, Switzerland – December 1, 2023 – TE Connectivity Ltd. (NYSE: TEL) today published the provisional end result of the public tender offer for all publicly held shares of Schaffner Holding (SIX: SAHN) after the end of the additional acceptance period.

Based on the preliminary figures, 622’521 Schaffner shares were tendered into the offer by the end of the additional acceptance period, which represents 98.7% of the Schaffner shares subject to the offer. Taking into account the tendered Schaffner Shares and Schaffner Shares held by persons acting in concert with the offeror, TE Connectivity's participation amounts to a total of 627’648 Schaffner Shares. This corresponds to a participation of 98.7% of the issued share capital and voting rights of Schaffner Holding.

The provisional notice of the end result is available under this link. The definitive notice of the end result will be published under the same link on December 6, 2023.

Following the settlement of the offer which is set to take place on December 14, 2023 (subject to the fulfilment of certain offer conditions), and in accordance with the terms and conditions set out in the offer prospectus dated September 28, 2023, TE Connectivity intends to initiate a squeeze-out procedure and delist the Schaffner Shares from SIX Swiss Exchange.

The timetable for the settlement of the offer is as follows:

December 6, 2023             Definitive notice of the end result of the offer

December 7, 2023             Extraordinary shareholders' meeting of Schaffner Holding

December 14, 2023           Settlement of the offer (subject to the fulfillment of certain offer conditions)