Final interim result of the public purchase and exchange offer from AFG to the shareholders of Looser Holding AG: AFG declares offer successful

On 29 September 2016, 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 the expiration of the offer period on 10 November 2016, 4:00 p.m. (CET), a total of 1,322,649 Looser Shares were tendered to AFG under the offer, corresponding to 74.67 percent of the 1,771,367 Looser shares covered by the offer (success rate). At the end of the offer period, the shareholding of AFG, including the 2,026,928 Looser shares which will be purchased by AFG from the existing 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 3,352,782 Looser shares, corresponding to 88.20 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 and the satisfaction of further conditions to which the offer is subject to, AFG declared the offer, conditional to satisfaction of the conditions set out in sections 8.g) and 8.h) of the offer prospectus, successful.

As AFG reported today, the additional acceptance period of 10 trading days for the public shareholders of Looser Holding AG for the subsequent acceptance of the offer will start on 17 November 2016 and is expected to end on 30 November 2016, 4:00 p.m. (CET). 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.