KTM - DJ EANS-Adhoc: KTM AG / Takeover bid

KTM

116,00 EUR +0,83 %
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116,00 EUR +0,83%
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide 
distribution. The issuer is solely responsible for the content of this 
announcement. 
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23.07.2012 
 
- CROSS KraftFahrZeug Holding GmbH publishes results of the compulsory offer to 
shareholders of KTM AG 
- Discontinuance of the admission requirements for the Second Regulated Market 
(Geregelter Freiverkehr) of the Vienna Stock Exchange due to falling below the 
free float requirements 
- Intended inclusion of the KTM shares in trading on the Third Market (Dritter 
Markt) of the Vienna Stock Exchange 
 
On 4 July 2012, CROSS KraftFahrZeug Holding GmbH (the "Offeror") placed a public 
compulsory offer (the "Bid") according to section 22 of the Austrian Takeover 
Act to the shareholders of KTM AG to buy all KTM shares which are not held by 
the Offeror, parties acting in concert with the Offeror and shareholders who 
issued a binding waiver. The acceptance period ended on 18 July 2012. At the 
time of publication of the Bid, the Offeror and parties acting in concert with 
the Offeror held 5,478,033 KTM shares; this equalled 50.51% of the share capital 
of KTM AG. 
 
Until the end of the acceptance period UniCredit Bank Austria AG, acting as a 
tender and paying agent, received 119,897 KTM shares; this equals 1.11% of the 
share capital of KTM AG. Thus, the Offeror and parties acting in concert with 
the Offeror dispose over 5,597,930 KTM shares; this equals 51.62% of the share 
capital of KTM AG. The offer price of EUR 44.00 per share will be paid by 
UniCredit Bank Austria AG, as tender and paying agent, to the shareholders who 
have accepted the Bid in due time against transfer of the shares at the latest 
on 1 August 2012. 
 
According to section 19 paragraph 3 of the Austrian Takeover Act the period to 
accept the Bid for those shareholders, who have not accepted the Bid, is 
extended by three months from the date of publication of the results. The 
results have been published on 23 July 2012. Thus, this extended acceptance 
period ends on 23 October 2012 so that the Bid can be accepted till 23 October 
2012. 
 
The minimum free float requirements for admission of the KTM shares to the 
Second Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange 
amounts to 181.250 free float shares. After completion of the takeover bid, 
120,871 KTM shares are free float shares. This leads to a discontinuance of the 
admission requirements for the Second Regulated Market (Geregelter Freiverkehr) 
of the Vienna Stock Exchange and as a result to a withdrawal of the admission of 
the KTM shares to the Second Regulated Market (Geregelter Freiverkehr) of the 
Vienna Stock Exchange. KTM AG will apply for inclusion of the KTM shares in 
trading on the Third Market (Dritter Markt) of the Vienna Stock Exchange as of 
withdrawal of the admission of the KTM shares to the Second Regulated Market 
(Geregelter Freiverkehr). 
 
 
 
end of announcement                               euro adhoc 
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(END) Dow Jones Newswires

July 23, 2012 13:06 ET (17:06 GMT)




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