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4-Traders Homepage  >  Shares  >  SIX Swiss Exchange  >  Newave Energy Holding S.A    NWEN   CH0030417312

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Newave Energy Holding S.A : ABB discloses the preliminary interim result of its public tender offer

01/31/2012 | 06:30am

As of today, ABB Schweiz AG, Baden ("ABB") has disclosed the preliminary interim result of its voluntary public tender offer for all publicly held registered shares of Newave Energy Holding SA ("Newave").

Until completion of the offer period at 30 January 2012, 04.00 pm, 1,469,630 registered shares in Newave were tendered to ABB, representing 87.12% of all registered shares in Newave, to which the offer relates to. In addition, on 11 December 2011, ABB has signed individual share purchase agreements with three shareholders of Newave relating to a total of 1,400,101 registered shares in Newave (which have not been consummated by the end of the offer period yet). Therefore, including these 1,400,101 registered shares in Newave as well as 99,603 registered shares held by Newave or its subsidiaries and according to the preliminary interim result, ABB's participation in Newave amounts to 95.02%.

In the publication of the final interim result, which is expected to be published in Neue Zurcher Zeitung and Le Temps on 3 February 2012, ABB will inform about the acceptance of its voluntary public tender offer.

This release is neither an offer to purchase nor a solicitation of an offer to sell securities. Shareholders of Newave are urged to read the offer documents including the offer restrictions, which are available at www.abb.com/newaveoffer.

 
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