Notification in accordance with the Finnish Securities Markets Act chapter 9 § 5: a conditional decrease in the holdings of Zeres Capital AB
On 14 October 2014, Sanitec Corporation announced that Geberit AG has decided to launch a public tender offer concerning all outstanding shares in Sanitec Corporation. Sanitec Corporation has received from Zeres Capital AB a notification pursuant to chapter 9, section 5 of the Finnish Securities Markets Act. According to the notification, Zeres Capital AB has in relation to the tender offer on 13 October 2014 signed an irrevocable undertaking to, under certain conditions, sell all of its shares in Sanitec Corporation to Geberit AG. The acceptance period for the tender offer is expected to begin on or about 17 November 2014 and expire on or about 22 December 2014.
According to the notification, Zeres Public Market Fund currently holds 5,500,000 shares, corresponding to 5.5% of the shares and votes in Sanitec Corporation. Zeres Public Market Fund is a Swedish special fund managed by Zeres Capital AB. Zeres Capital AB is a fund management company regulated by the Swedish FSA. Pursuant to the irrevocable undertaking, should the tender offer by Geberit AG be completed, the ownership of Zeres Capital AB in Sanitec Corporation through Zeres Public Market Fund would decrease to zero.
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:
Niklas Alm
Head of Investor Relations
ir@sanitec.com
mob. 46 76 855 7836
Noora Koikkalainen
Head of Corporate Communications
sanitec.corporation@sanitec.com
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.