HAARLEM, Netherlands – Oak Leaf B.V. (“Oak Leaf”), a newly incorporated company wholly owned by a Joh. A. Benckiser led investor group, announced on September 26 that Oak Leaf holds approximately 95.27% of all Shares of D.E MASTER BLENDERS 1753 N.V. (“DEMB”) after the Post-Closing Acceptance Period.
Oak Leaf intends to delist DEMB and to commence a Statutory Buy-out in order to acquire the remaining Shares not held by Oak Leaf, as soon as practically possible.
Results of the Post-Closing Acceptance Period
During the Post-Closing Acceptance Period, which ended at 17:40 hours CET (11:40 hours EST) on 25 September 2013, 20,365,844 Shares representing 3.43% of the Shares and a value of approximately EUR 254 million (at the offer price of EUR 12.50 per Share), have been tendered for acceptance under the Offer.
Together with the 546,345,885 Shares that were already held by Oak Leaf, the total number of Shares held by Oak Leaf amounts to 566,711,729 Shares representing approximately 95.27% of the Shares and a value of approximately EUR 7 billion (at the offer price of EUR 12.50 per Share).
Consequences of the Offer
Shareholders who did not tender their Shares in the Offer should carefully review section 6.9 of the Offer Memorandum, which describes certain implications to which they may become subject to now that the Offer has been completed.
Oak Leaf intends to delist DEMB from Euronext Amsterdam and to commence a Statutory Buy-out in order to acquire the remaining Shares not held by Oak Leaf, as soon as practically possible.
This announcement is made with reference to the joint press releases by Oak Leaf, a newly incorporated company wholly owned by Joh. A. Benckiser led investor group, and DEMB dated 12 April 2013, 10 May 2013, 6 June 2013, 12 June 2013, 19 June 2013 and 18 September 2013 and the press releases by Oak Leaf dated 8 August 2013, 16 August 2013 and 6 September 2013 in respect of the public cash offer for all issued and outstanding ordinary shares with a nominal value of EUR 0.12 each in the capital of DEMB at an offer price of EUR 12.50 (cum dividend) for each Share (on a fully diluted basis), subject to customary conditions.
