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GLV hold majority share of Christ Water Technology

24 February 2010

Since the expiration of the additional acceptance period for the voluntary public takeover offer on 19 February 2010, GLV owns 92.6% of the shares of Christ Water Technology.

GLV’s indirect subsidiary, Eimco Water Technologies holds the 15,814,643 Christ Water Technology shares, acquired upon the closing of the voluntary public takeover offer pursuant to Section 25a Austrian Takeover Act. During the additional acceptance period 1,045,150 shares were tendered to Eimco. Payment and transfer of these shares will occur pursuant to the provisions of the takeover offer within 10 trading days.

As of 19 February 2010, Eimco purchased 1,330,451 shares on the Vienna Stock Exchange. As a result, Eimco will hold 92.60% of shares with permanent voting rights in Christ Water Technology upon final settlement of the shares tendered into the offer during the additional acceptance period.

The Management Board of Christ Water Technology has announced that Eimco, as the principal shareholder of Christ Water Technology, has requested pursuant to the Squeeze-out Act that a resolution be adopted at the ninth annual general meeting to transfer all shares held by the remaining shareholders to Eimco as the principal shareholder.
 

 

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