Notification in accordance with the Finnish Securities Markets Act chapter 9 § 5: updated conditional increase in the holdings of Geberit AG
The acceptance period in the tender offer (the “Offer”) by Geberit AG (“Geberit”) concerning all outstanding shares in Sanitec Corporation (“Sanitec”) ended on 2 February 2015 at 5 p.m. (CET). According to the previous notification by Geberit on 15 January 2015, Geberit had by 14 January 2015 received acceptances concerning 62,636,325 shares, corresponding to approximately 62.64% of all shares and votes in Sanitec (including the 190,000 treasury shares held by Sanitec).
According to a new notification on 3 February 2015 by Geberit pursuant to chapter 9, section 5 of the Finnish Securities Markets Act, the Offer will be completed through Geberit Investment Oy, an indirectly wholly owned subsidiary of Geberit. According to the notification, when the completion trades of the Offer are settled and the title to the tendered shares is transferred to Geberit Investment Oy, the direct ownership of Geberit Investment Oy and the indirect ownership of Geberit would be 99,080,684 shares, corresponding to approximately 99.08% of all shares and votes in Sanitec (including the 190,000 treasury shares held by Sanitec).
Geberit has announced that all the conditions for the completion of the Offer have been fulfilled and that the Offer has been declared unconditional. Geberit expects the settlement for shares tendered up until 2 February 2015 to take place on or around 10 February 2015.
Sanitec 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.