Archived posting to the Leica Users Group, 2006/12/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Leica Camera AG announced today [Dec. 27,2006]
that its controlling stockholder -- ACM of Austria --was offering to buy
Leica shares it does not already own at ?12.5 [or about $16.41usd] a share.
It added that ACM Projektentwicklung GmbH, of Salzburg, Austria, its
majority stockholder, had bought 5,427,677 shares , or 36.2 percent, of
Leica
previously owned by Herm?s International SCA and that, therefore, ACM now
held more
than 75 percent of Leica's voting stock.
Leica said that ACM now holds 13,971,407 shares of Leica Camera AG, or
about
93.14 percent of Leica's share capital. ACM , it added, is a 100 percent
subsidiary of Socrates Privatstiftung of Vienna. ACM had agreed last
September
to buy the Hermes block of Leica stock and that the Hermex block was not
part
of its current offer.
###########################################################################
Here is the Leica announcement:
Dear Leica friends,
we have prepared the following item for you this time
Subjects
_Change in shareholder structure and announced tender offer_
(mip://03907fb8/default.html#128)
Change in shareholder structure and announced tender offer
Leica Camera AG hereby announces that on December 27, 2006 ACM
Projektentwicklung GmbH has decided to extend a voluntary public offer to
the
shareholders of Leica Camera AG to purchase their shares against payment of
a cash
amount of ? 12.50 per share, and that ACM Projektentwicklung GmbH has
informed the
Board of Management of Leica Camera AG of its decision on the same day.
Further terms of this offer may be indicated in the offer document. The
detailed
offer of ACM Projektentwicklung GmbH will not be published before approval
has been given by the Bundesanstalt f?r Finanzdienstleistungsaufsicht
(BaFin ?
German Federal Financial Supervisory Authority). The Board of Management of
Leica Camera AG believes that the valuation of the Company?s share made in
the public tender offer of ACM Projektentwicklung GmbH is fair and that
the
purchase price offered, amounting to ? 12.50 per share, is attractive.
Leica Camera AG hereby further announces that ACM Projektentwicklung GmbH,
Salzburg, Austria, on December 27, 2006 has informed the Company that it
has
purchased from Herm?s International SCA a total of 5,427,677 shares of the
Company and that it has therefore passed the threshold of 75 % of the
voting
rights. According to information given by ACM Projektentwicklung GmbH this
company now holds 13,971,407 shares of Leica Camera AG, pertaining to the
same
number of voting rights. This corresponds to a proportional interest of
approximately 93.14 % of the Company?s share capital. ACM
Projektentwicklung GmbH
itself is a 100 % subsidiary of SOCRATES Privatstiftung, Vienna, Austria;
consequently, SOCRATES Privatstiftung, as an indirect shareholder of Leica
Camera
AG, has also issued the corresponding statement in accordance with the
prescriptions of the Wertpapierhandelsgesetz (WpHG ? German Securities
Trading
Act). The aforementioned purchase represents the in rem execution of the
share
purchase agreement between Herm?s International SCA and ACM
Projektentwicklung
GmbH that was announced by the ad-hoc release published September 14,
2006,
1:30 pm.
Leica Camera AG
Corporate Communication
---------------------------------
To unsubscribe the Leica newsletter, please click on the link below:
_http://www.leica-corporate.com/investor_relations/unsubscribe_newsletter/conf
irmation.html?code=6de58d453493926c581b1f2a002859eb_
(http://www.leica-corporate.com/investor_relations/unsubscribe_newsletter/confirmation.html?code=6de58d
453493926c581b1f2a002859eb)
_If this email will not be shown correctly, please click here:_
(http://newsletter.leica-camera.com/eb30f5b983a4bb820a421b8ba8deedf3/html.php?link=http://w
ww.leica-corporate.com/investor_relations/unsubscribe_newsletter/confirmation.
html&code=6de58d453493926c581b1f2a002859eb)