Notification in accordance with the Finnish Securities Markets Act chapter 9 § 5: decrease in the number of acceptances received by Geberit AG
As announced on 23 December 2014, the acceptance period in the tender offer by Geberit AG concerning all outstanding shares in Sanitec Corporation has been extended until and including 2 February 2015. According to the notification by Geberit AG on 5 January 2015, Geberit AG had by 2 January 2015 received acceptances concerning 81,201,963 shares, corresponding to approximately 81.20% of all shares and votes in Sanitec Corporation (including the 190,000 treasury shares held by Sanitec Corporation).
Sanitec Corporation has today received from Geberit AG a new notification pursuant to chapter 9, section 5 of the Finnish Securities Markets Act. According to the notification, should the tender offer be completed, the ownership of Geberit AG would be on the basis of the acceptances received by 14 January 2015 (including the shares represented by irrevocable undertakings given by Sofia IV S.à r.l and Zeres Public Market Fund) 62,636,325 shares, corresponding to approximately 62.64% of all shares and votes in Sanitec Corporation (including the 190,000 treasury shares held by Sanitec Corporation). The completion of the tender offer is subject to the satisfaction or waiver by Geberit AG of certain conditions to completion as specified in the tender offer document dated 17 November 2014.
Sanitec Corporation has currently 100,000,000 registered shares, each share entitling to one vote at the general meeting of shareholders.
For additional information, please contact:
Head of Investor Relations
mob. 46 76 855 7836
Head of Corporate Communications
tel. 358 10 662 5426
About Sanitec – “Home of the Bathroom”
Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio of some of the most well-known brands with deep roots in the European fixtures markets, strategically positioned to address local markets. We care passionately about people’s needs when it comes to complete bathroom concepts, providing products that stand for guaranteed quality, high level of innovation and attractive design. Stable relationships with key stakeholders in the value chain and our unique brand strengths foster our leading position as well as the loyalty and trust amongst our customers, our network of installers and the end users of our products.
Sanitec operates an integrated European group with an unparalleled local presence to provide the best value when it comes to bathroom products. In 2013 net sales amounted to EUR 702 million. Our production network includes 18 production facilities throughout Europe and currently Sanitec employs approximately 6,200 people. Our head office is located in Helsinki, Finland. The shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol “SNTC”.
For more information about Sanitec, please visit www.sanitec.com.