Danone Close to Full Control of Numico
Numico intends, in close consultation with Euronext Amsterdam N.V., to terminate the listing of Shares on the official market of Euronext Amsterdam N.V. as soon as possible, in any event before 31 December 2007.
26/11/07 Danone and Numico have jointly announced the result of the post-acceptance period, which ended at 15:00 hours CET on 23 November 2007, for the recommended public offer for all the issued and outstanding ordinary shares in the share capital of Numico, with a nominal value of € 0.25 each.
During the post-acceptance period 18,768,047 Shares, representing 8.40% of the total number of Shares outstanding on 23 November 2007 have been tendered for acceptance under the Offer. Together with the Shares tendered and delivered (geleverd) during the acceptance period and the Shares acquired in ordinary stock exchange trading on Euronext Amsterdam until (not including) 23 November 2007, Danone now controls 219,859,262 Shares, which represent 98.40% of the aggregate issued and outstanding share capital of Numico.
Numico intends, in close consultation with Euronext Amsterdam N.V., to terminate the listing of Shares on the official market of Euronext Amsterdam N.V. as soon as possible, in any event before 31 December 2007. Danone and Numico will inform the market accordingly. Danone intends to initiate either a squeeze-out procedure in accordance with article 2:92a of the Dutch Civil Code or a takeover buy-out procedure in accordance with article 2:359c of the Dutch Civil Code, in order to acquire the remaining Shares neither tendered nor held by Danone. The squeeze-out or takeover buy-out procedure will be initiated as soon as practicable.
As of 23 November 2007, less than 0.3% of Numico's 3% Subordinated Convertible Bonds due 2010 remain outstanding. In accordance with Sections 3.2 and 12.8 of the terms and conditions of the Bonds, Numico intends to redeem the outstanding Bonds as soon as possible. In close consultation with Euronext Amsterdam N.V., Numico also intends to terminate the listing of the Bonds on the official market of Euronext Amsterdam N.V. as soon as possible, in any event before 31 December 2007. Numico said it will inform the market accordingly.
