AFG publishes definitive final result of the public purchase and exchange offer for the merger with Looser Holding AG

On 29 September 2016, AFG Arbonia-Forster-Holding AG (AFG) published a public purchase and exchange offer in accordance with articles 125 et seq. of the Federal Act on Financial Markets Infrastructure and Market Conduct in Securities and Derivatives Trading of 19 June 2015 for all publicly held registered shares in Looser Holding AG with a nominal value of CHF 8.43 each.

Until expiration of the additional acceptance period on 30 November 2016, 16:00 (CET), a total of 1,677,435 Looser shares were tendered to AFG under the offer, corresponding to 94.70 percent of the 1,771,367 Looser shares covered by the offer (success rate). At the end of the additional acceptance period, the shareholding of AFG, including the 2,026,928 Looser shares which will be purchased by AFG from the former family shareholders, members of the Board of Directors and the Executive Management of Looser Holding AG under the share purchase agreement dated 14 September 2016 as well as the 3,205 treasury shares held by Looser Holding AG, amounts in the aggregate to 3,707,568 Looser shares, corresponding to 97.53 percent of the voting rights and the share capital of Looser Holding AG (participation rate). The shareholding of AFG is subject to the assumption that the transaction will be closed.

Based on the prerequisite approvals by the competent merger control authorities, the resolutions by the extraordinary general meetings of AFG and Looser Holding AG and the satisfaction of further conditions to which the offer is subject to, on 16 November 2016, AFG declared the offer, conditional to satisfaction of the conditions set out in sections B.8.g) and B.8.h) of the offer prospectus, successful.

As AFG reported today, the closing of the transaction (payment of cash component and delivery of new shares) is expected to take place on 13 December 2016. The payment of the cash compensation in case of fractions is expected to take place on 14 December 2016. The offer is subject to the offer restrictions set out in the AFG offer prospectus dated 29 September 2016.