End of regular acceptance period: Offer has been accepted for a total of 13 723 396 shares, representing 62.62% in ISRA VISION
Stockholm, Sweden, April 15, 2020: The regular acceptance period for the voluntary public takeover offer of ISRA VISION launched February 28 expired April 8. ISRA VISION shareholders have tendered a total of 13 723 396 shares representing 62.62% of the share capital of ISRA VISION.
With an acceptance rate of 62.62% and its shareholding of 13.68%, Atlas Copco will control a majority of the shares in ISRA VISION upon consummation of the takeover offer and will consolidate ISRA VISION going forward.
ISRA VISION shareholders, who have yet not tendered their shares, can still accept the offer during the additional acceptance period. The additional acceptance period starts April 16, 2020 and lasts until April 29, 2020.
The offer is still subject to the approval by the Committee on Foreign Investment in the United States (CFIUS). All other offer conditions have been fulfilled.
For more information about the offer, see the deal website:
www.technology-offer.com.
For more information please contact:
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 1038
media@atlascopco.com
Daniel Althoff, VP Investor Relations
+46 8 743 9597 eller +46 76 899 9597
ir@atlascopco.com
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees. For more information: www.atlascopcogroup.com
Important Notice:
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of ISRA VISION AG. The terms and conditions of the takeover offer, as well as further provisions concerning the takeover offer, are set forth in the offer document which is published on www.technology-offer.com. Investors and holders of shares in ISRA VISION AG are strongly advised to read the offer document and all other relevant documents regarding the takeover offer when they become available, as they will contain important information.
The takeover offer will be made exclusively under the laws of the Federal Republic of Germany, especially under the German Securities Acquisition and Takeover Act (Wertpapiererwerbs und Übernahmegesetz – WpÜG), and certain provisions of the securities laws of the United States of America applicable to cross-border tender offers. The takeover offer will not be executed according to the provisions of jurisdictions other than those of the Federal Republic of Germany or the United States of America (to the extent applicable). Thus, no other announcements, registrations, admissions or approvals of the offer outside of the Federal Republic of Germany have been filed, arranged for or granted. Investors in, and holders of, securities in ISRA VISION AG cannot rely on having recourse to provisions for the protection of investors in any jurisdiction other than the provisions of the Federal Republic of Germany or the United States of America (to the extent applicable). Subject to the exceptions described in the offer document as well as any exemptions that may be granted by the relevant regulators, a public takeover offer will not be made, neither directly nor indirectly, in jurisdictions where to do so would constitute a violation of the laws of such jurisdiction.
To the extent permissible under applicable law or regulation, the bidder Atlas Copco Germany Holding AG, its affiliates or its brokers may, directly or indirectly, purchase shares of ISRA VISION AG outside of the scope of the public takeover offerduring the period in which the offer remains open for acceptance. These purchases may be completed via the stock exchange at market prices or outside the stock exchange at negotiated conditions. If such purchases or arrangements to purchase are made they will be made outside the United States of America and will comply with applicable law, including the US Securities Exchange Act of 1934. Any information on such purchases will be disclosed as required by law or regulation in Germany or any other relevant jurisdiction.