AIG Century GmbH & Co. KGaA
AIG Century GmbH & Co. KGaA: AIG Century increases offer price for AIRE GmbH & Co. KGaA to EUR 19.75
AIG Century GmbH & Co. KGaA / Key word(s): Offer AIG Century increases offer price for AIRE GmbH & Co. KGaA to EUR 19.75 – AIRE shares can still be tendered at the increased offer price during the additional acceptance period ending July 30, 2012, 24:00 hrs CEST – Shareholders who have tendered their AIRE shares during the acceptance period will receive additional payment – AIG Century has secured a total of 93.05 per cent of the share capital of AIRE Frankfurt am Main, July, 23 2012 – AIG Century GmbH & Co. KGaA ('AIG Century'), a company indirectly wholly owned by American International Group, Inc. ('AIG'), today announced that the offer price for its voluntary public tender offer for all shares of AIRE GmbH & Co. KGaA ('AIRE') has been increased to EUR 19.75. Shareholders who did not accept the offer yet may still accept the offer at the increased offer price until July 30, 2012, 24:00 hrs CEST. This increased offer price represents a premium of approximately 102.8 per cent above the estimated volume weighted average stock exchange (Xetra) price of AIRE shares (EUR 9.74) during the last six months of trading (closing on April 27, 2012), and a premium of approximately 46.8 per cent compared to the (Xetra) closing price (EUR 13.45) on April 27, 2012. The offer price has been increased in accordance with the provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) due to an off-market acquisition at a purchase price of EUR 19.75 per share and applies to all AIRE shares tendered to AIG Century during the offer process. Consequently, an additional payment of EUR 1.50 will be made to shareholders who have tendered their AIRE shares during the acceptance period. This will be done through their respective custodian banks and shareholders do not need to take any action to receive this additional payment. Shareholders who tender their AIRE shares during the additional acceptance period ending on July 30, 2012 will receive the increased cash consideration on settlement. Further, on July 20, 2012, AIG Century entered into an irrevocable undertaking according to which the offer will be accepted for further 391,188 AIRE shares (representing 9.26 per cent of the share capital of AIRE). Including these 391,188 AIRE shares, AIG has secured a total of 3,929,991 AIRE shares in AIRE (representing 93.05 per cent of the share capital of AIRE).
Further information on the details of the tendering process may be found in the offer document. Shareholders should contact their custodian bank who can assist with the tendering of the AIRE shares.
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178790 23.07.2012 |