Mexico City, 15 March 2012 - Mexichem S.A.B. de C.V.
("Mexichem") hereby announces that the Mexichem
group holds 2,782,843 ordinary shares in Wavin N.V.
("Wavin") per 14 March 2012, which means that
Mexichem holds an 5.48 % equity stake in Wavin.
In line with the regulatory requirements Mexichem has
notified the AFM of its current 5.48% share ownership in
Wavin.
On 9 March 2012 Mexichem and Wavin jointly announced the
launch of the recommended public cash offer by Mexichem for
all issued and outstanding ordinary shares of Wavin at an
offer price of € 10.50 cum dividend for each Wavin
ordinary share (the "Offer"). In the Offer
Memorandum and related press release Mexichem disclosed it
held a percentage of 4.76% of Wavin's total issued and
outstanding shares.
This announcement was preceded by the announcement of the
conditional agreement between Mexichem and Wavin on the
Offer (published on 8 February 2012). At that time around
2% of the issued and outstanding Wavin shares were held by
Mexichem and its affiliates. Since then Mexichem has
acquired additional shares via stock market transactions
only.
Mexichem is making the Offer on the terms and subject to
the conditions and restrictions contained in the Offer
Memorandum dated 9 March 2012 (the "Offer
Memorandum"). In addition, Wavin has made available
the position statement, containing the information required
by Article 18, paragraph 2 and Annex G of the Decree on
Public Takeover Bidsin connection with the Offer (the
"Position Statement").The Acceptance Period
commenced at 09:00 hours CET on 12 March 2012. The
Acceptance Period ends at 17:30 hours CET on 7 May 2012,
subject to extension in accordance with Article 15,
paragraph 1 and paragraph 2 of the Decree on Public
Takeover Bids.
For more information
Mexichem
Enrique Ortega Prieto
Director of Strategic Planning and Investor Relations
Telephone: +(52 55) 5279 8304
E-mail: eortega@kaluz.com
Hill+Knowlton Strategies the Netherlands
Frans van der Grint: + 31 (0) 6 290 44 053
Ariën Stuijt: + 31 (0) 6 215 31 233
Office: + 31 (0) 20 404 47 07
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