Notification in accordance with the Finnish Securities Markets Act chapter 9 § 5: a conditional decrease in the holdings of Sofia IV S.à r.l.
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 Sofia IV S.à r.l., which is ultimately controlled by EQT IV Limited, a notification pursuant to chapter 9, section 5 of the Finnish Securities Markets Act. According to the notification, Sofia IV S.à r.l. has on 13 October 2014 entered into an irrevocable undertaking with Geberit AG according to which Sofia IV S.à r.l. undertakes, subject to certain conditions, to tender to Geberit AG in the tender offer all the shares it holds in Sanitec Corporation. The agreement shall have effect until the earlier of (i) the offer being declared unconditional and settled by Geberit AG, (ii) withdrawal of the offer by Geberit AG, and (iii) Sofia IV S.à r.l.’s undertakings lapsing pursuant to the agreement. 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, Sofia IV S.à r.l. currently holds directly 20,000,000 shares, corresponding to 20.0% of the shares and votes in Sanitec Corporation. Pursuant to the irrevocable undertaking, should the tender offer by Geberit AG be completed, the ownership of Sofia IV S.à r.l. in Sanitec Corporation 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.