After Boskalis launched a mandatory cash offer for all issued and outstanding ordinary shares of Dockwise, now 99 per cent of the shares are committed to the offer.
Boskalis offered EUR 18.50/NOK 137.65 per share cum dividend. 22,551,706 shares have been tendered for acceptance, representing approximately 57 per cent of the shares with an aggregate value of EUR 417,206,561.00/NOK 3,104,242,330.90. Shares registered in the VPS and tendered for acceptance are still subject to verification by the Norwegian Receiving Agent.
99 Per Cent
These shares tendered under the offer, together with the 16,722,812 shares that were already held by Boskalis prior to the launch of the offer, amount to a total of 39,274,518 shares, representing approximately 99 per cent of the shares. Dockwise holds 23 ordinary shares in its own capital. As this number is negligible for the purpose of the calculations, the rounded percentages including and excluding these treasury shares are the same.
Delisting and Compulsory Acquisition
As announced on 7 March 2013, and taking into account the fact that more than 95 per cent of the shares is tendered under the offer or already acquired by Boskalis, the last day of trading of the shares on NYSE Euronext Amsterdam will be on 11 April 2013. This means that the termination of the listing of the shares on NYSE Euronext Amsterdam shall be effective as of 12 April 2013.
As the requirements for delisting on the Oslo Stock Exchange are also met, delisting of the shares on the Oslo Stock Exchange will be effectuated as soon as possible.
In addition, Boskalis will commence a compulsory acquisition (squeeze-out) of the remaining shares shortly.
