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SHW takeover successfully closed

30.08.2017

 THIS ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION IN THE USA, CANADA, JAPAN OR AUSTRALIA

 

SHW takeover successfully closed

Pierer Industrie AG holds 47.5 per cent of SHW AG

 

  • Acceptance quota of 28.5 per cent

  • Settlement day on 4 September 2017

 

A total of 1,834,057 shares were delivered in the regular acceptance period and statutory extension period of the takeover bid of Pierer Industrie AG to the shareholders of SHW AG, so that the acceptance quota amounts to approximately 28.5% of the share capital and voting rights of SHW AG. Together with the stock before the publication of the takeover bid, Pierer Industrie AG and the jointly acting QCP Swiss AG hold approximately 47.5% of the share capital and voting rights of SHW AG.

The settlement of the takeover bid will occur on 4 September 2017.

As announced, Pierer Industrie AG will now enter into a constructive dialogue with the Management Board and the Supervisory Board of SHW AG in order to strengthen the positive development of SHW.

 

About the Pierer Group:

The Pierer Group is a leading European vehicle group with a focus on the global motorcycle segment and the automotive high-tech component sector. The Group currently employs 5,500 people worldwide with a group turnover of more than EUR 1.5 billion.

 

Additional Information (Disclaimer)

This announcement is for information purposes only and does not constitute an offer to buy or an invitation to sell securities. The offer of Pierer Industrie AG to the shareholders of SHW has been completed.

 

Contact Information:

Pierer Industrie AG 
4600 Wels, Edisonstra├če 1
E-Mail: info@piererindustrie.at
Phone: +43 (0)7242 / 69402
Fax: +43 (0)7242 / 69402 / 109