Grainger FRM GmbH
Grainger FRM GmbH announces offer price in connection with takeover offer for FranconoRheinMain AG
Grainger FRM GmbH / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Grainger FRM GmbH announces offer price in connection with takeover offer for FranconoRheinMain AG On 31 January 2008, Grainger FRM GmbH, an indirect subsidiary of Grainger plc ('Grainger') announced its intention to make a voluntary takeover offer for the no-par value ordinary bearer shares (auf den Inhaber lautende Stammaktien ohne Nennbetrag) of FranconoRheinMain AG, Frankfurt am Main (ISIN DE000A0J2LC4) at a purchase price equal to the volume weighted three months average share price according to Section 5 para. 1 of the German Securities Acquisition and Takeover Act Offer Ordinance (WpÜG-Angebotsverordnung) as of the relevant date. Today, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) informed Grainger FRM GmbH that the volume weighted three months average share price of FranconoRheinMain AG as of 31 January 2008 in accordance with Section 31 para. 1 of the German Securities Acquisition and Takeover Act (WpÜG) in conjunction with Section 3 et seqq. WpÜG-Angebotsverordnung amounted to EUR 1.79 per share, which will therefore be the purchase price offered by Grainger FRM GmbH for the shares in FranconoRheinMain AG. The offer price represents a premium of 5.9% above EUR 1.69, the latest price available on XETRA immediately before the announcement of the intention to make a voluntary takeover offer on 31 January 2008. After having been approved by the BaFin, the offer document containing the terms and conditions of the takeover offer will be published on the internet at the following address: http://www.grainger-angebot.de. Grainger FRM GmbH Mainzer Landstraße 47 60329 Frankfurt am Main Germany Frankfurt am Main, 14 February 2008 14.02.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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