Jenbacher AG
Jenbacher AG english
ad-hoc notice
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Jenbacher Aktiengesellschaft announces that General Electric Company and the
majority stockholders (55.56 % of the stocks) of Jenbacher Aktiengesellschaft
signed a Share Purchase Agreement subject to conditions precedent on 18 November
2002. This Share Purchase Agreement is subject to approvals by authorities and
conditions.
Pursuant to this Share Purchase Agreement, General Electric Company or one of
its affiliates may submit a voluntary tender offer for the free float stocks
(44.44 %) of Jenbacher Aktiengesellschaft for a price of EUR 17.43 per free
float stock in compliance with § 22 (11) Austrian Takeover Act, which offer will
also be subject to approval by authorities and conditions. The majority
stockholders will be paid a control premium in accordance with the Austrian
Takeover Act.
Upon submission of the offer documentation, we will issue a statement in
compliance with the provisions of the Austrian Takeover Act.
Further inquiries:
Martina Streiter
Corporate Communications
Tel: +43-5244-600-2470
Mobil: +43 664 1913963
e-mail: m.streiter@jenbacher.com
end of ad-hoc-announcement (c)DGAP 19.11.2002
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WKN: 070535; ISIN: AT0000705355; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt,
Stuttgart
190827 Nov 02
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