Hunter Douglas buys back 19.7 million of its EUR 0.24 nominal value preferred shares
Hunter Douglas buys back 19.7 million of its EUR 0.24 nominal value preferred shares
Hunter Douglas buys back 19.7 million of its EUR 0.24 nominal value preferred sharesRotterdam, September 30, 2005 Hunter Douglas, the world market leader in window coverings and a major manufacturer of architectural products, announces that it will purchase 19,692,916 of its EUR 0.24 nominal value Preferred Shares (35.0% of the total number of outstanding Preferred Shares) at a price of EUR 0.24 per share in cash.
At the closing of the offer period at 15.00 hours CET on September 29, 2005, 20,117,364 Preferred Shares had been tendered under the offer, of which 19,182,450 Preferred Shares by the Ralson Foundation, a trust for the benefit of members of the Sonnenberg Family, and 934,914 Preferred Shares by public shareholders.
Of the shares tendered Hunter Douglas has accepted 19,692,916 Preferred Shares representing 35.0% of the total number of Preferred Shares outstanding. Of these accepted shares, 19,182,450 Preferred Shares had been tendered by the Ralson Foundation (representing 35.0% of the Preferred Shares held by the Foundation) and 510,466 had been tendered by public shareholders (representing 35.0% of the Preferred Shares held by public shareholders). Of the total number of Preferred Shares tendered by public shareholders, 54.6% have been accepted prorated among the offering public shareholders based on the relative number of shares offered by each public shareholder.
After the buyback has been concluded Hunter Douglas will cancel the Preferred Shares that have been purchased. The buyback will not affect the operations, strategy or policy of Hunter Douglas or the rights attached to the Preferred Shares that remain outstanding. The remaining Preferred Shares will continue to be listed on Eurolist by Euronext Amsterdam.
Following the buyback and cancellation of the Preferred Shares, the Ralson Foundation would own 35,624,550 Preferred Shares (97.4% of the then outstanding Preferred Shares) of Hunter Douglas.
For further information, including information on payment and delivery, reference is made to an advertisement to be published by Hunter Douglas on October 1, 2005 in the Official Pricelist of Eurolist by Euronext Amsterdam and Het Financieele Dagblad.
For further information:
W. Oppliger
Chief Financial Officer
Phone: +41 41 419 2772
woppliger@hdml.ch
At the closing of the offer period at 15.00 hours CET on September 29, 2005, 20,117,364 Preferred Shares had been tendered under the offer, of which 19,182,450 Preferred Shares by the Ralson Foundation, a trust for the benefit of members of the Sonnenberg Family, and 934,914 Preferred Shares by public shareholders.
Of the shares tendered Hunter Douglas has accepted 19,692,916 Preferred Shares representing 35.0% of the total number of Preferred Shares outstanding. Of these accepted shares, 19,182,450 Preferred Shares had been tendered by the Ralson Foundation (representing 35.0% of the Preferred Shares held by the Foundation) and 510,466 had been tendered by public shareholders (representing 35.0% of the Preferred Shares held by public shareholders). Of the total number of Preferred Shares tendered by public shareholders, 54.6% have been accepted prorated among the offering public shareholders based on the relative number of shares offered by each public shareholder.
After the buyback has been concluded Hunter Douglas will cancel the Preferred Shares that have been purchased. The buyback will not affect the operations, strategy or policy of Hunter Douglas or the rights attached to the Preferred Shares that remain outstanding. The remaining Preferred Shares will continue to be listed on Eurolist by Euronext Amsterdam.
Following the buyback and cancellation of the Preferred Shares, the Ralson Foundation would own 35,624,550 Preferred Shares (97.4% of the then outstanding Preferred Shares) of Hunter Douglas.
For further information, including information on payment and delivery, reference is made to an advertisement to be published by Hunter Douglas on October 1, 2005 in the Official Pricelist of Eurolist by Euronext Amsterdam and Het Financieele Dagblad.
For further information:
W. Oppliger
Chief Financial Officer
Phone: +41 41 419 2772
woppliger@hdml.ch
