2014-09-19
- Expiry of additional acceptance period for takeover bid
- 30% threshold reached
- Conditions for completion of takeover bid fulfilled
- Takeover bid expected to be settled on October 9, 2014
Berlin, September 19, 2014 – The additional acceptance period for the voluntary public takeover bid by FS Technology Holding S.á r.l. (bidder) ended on September 12, 2014, meaning that the takeover bid can no longer be accepted.
By way of a takeover bid dated July 28, 2014, FS Technology Holding S.á r.l. offered to acquire all of the no-par value bearer shares held by the shareholders of First Sensor AG, Berlin, in exchange for cash compensation of €10.33 per share. According to the bidder, the takeover bid was accepted for a total of 155,189 shares by the end of the extended acceptance period. This corresponds to around 1.54% of the share capital of First Sensor AG.
According to the bidder, the total number of First Sensor shares held by the bidder and persons acting in concert with the bidder and their subsidiaries at the end of the additional acceptance period, including the First Sensor shares for which the takeover bid was accepted, amounted to 3,095,189 (around 30.64% of the share capital). This means that the 30% threshold has been reached and the bidder will not be required to make a mandatory offer to the shareholders of First Sensor AG if it wishes to further increase its equity interest.
According to the bidder, the conditions for the completion of the takeover bid, i.e. a CDAX Performance Index (ISIN DE0008469602) daily closing price of at least 776.86 points on the last five banking days of the acceptance period, have now been fulfilled.
According to the bidder, the settlement of the takeover bid and the payment of the consideration are expected to take place on October 9, 2014.
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