DGAP-News
Drillisch AG: Statement of Drillisch AG on the publication of the acceptance rate of the voluntary public tender offer
DGAP-News: Drillisch AG / Key word(s): Offer Press release |
Statement of Drillisch AG on the publication of the acceptance rate of the voluntary public tender offer
Maintal, June 28, 2017. In connection with the proposed acquisition of 1&1 Telecommunication SE by Drillisch AG, today United Internet AG, the parent company of 1&1, published the preliminary results of the voluntary public tender offer. As at the expiry of the acceptance period on June 23, 2017, the tender offer has been accepted for a total of 839,170 Drillisch shares. This corresponds to approximately 1.24 percent of the total number of Drillisch shares issued, i.e. approximately 67.7 million (as of June 7, 2017). Pursuant to the German Securities Acquisition and Takeover Act, shareholders who have not yet accepted the offer have two further weeks to accept the tender offer. This additional acceptance period commences today and expires on July 12, 2017, midnight (Frankfurt am Main local time).
Vlasios Choulidis, Executive-Board Spokesman of Drillisch, stated: "Also in the additional acceptance period our shareholders can retain their shareholding in Drillisch or tender their shares. Shareholders who do not accept the concurrent voluntary public tender offer from United Internet and therefore retain their shareholding in Drillisch can participate in the anticipated benefits of the overall transaction. Following the expiry of the additional acceptance period on July 12, the effective approval of the extraordinary general meeting on July 25, 2017 is the final requirement for the complete acquisition of 1&1 Telecommunication by Drillisch and the completion of the overall transaction. We're delighted to have received positive feedback on the planned transaction in just about all talks with our shareholders. We're therefore optimistic that the general meeting will approve our proposition."