TIG Themis Industries Group GmbH & Co. KGaA
TIG Themis Industries Group management welcomes the plan to merge with Heliad Equity Partners and the share offer to TIG shareholders
TIG Themis Industries Group GmbH & Co. KGaA / Mergers & Acquisitions 01.12.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The management of TIG Themis Industries Group GmbH & Co. KGaA (ISIN: DE000A0XYL04 / WKN: A0XYL0; 'TIG') has signed an agreement with Heliad Equity Partners GmbH & Co. KGaA (DE000A0L1NN5 / WKN: A0L 1NN; 'Heliad') to perform a merger of the two companies. In this context, management welcomes the publication today of an offer to individual TIG investors to exchange TIG shares at a 1-to-1 ratio for shares issued during a Heliad capital increase. TIG management is also in full support of the voluntary public offer announced for the middle of January 2010 for all other TIG shareholders to exchange shares at the same terms and conditions, as well as the merger resolution planned for the annual general meetings of the two companies in 2010. TIG management firmly believes that the planned merger with Heliad will result in considerable strategic advantages for both companies. The merger will create one of the largest listed investment companies in Germany, with combined total assets of around EUR 150 million, equity of EUR 100 million and around EUR 50 million in liquid assets in the Group. This will significantly expand the manoeuvring room available to the new Heliad, and the combined private equity expertise of the two companies will allow opportunities to be pursued even more systematically during every phase of the market. It can be expected that trading in the merged company on the stock exchange will be significantly more liquid, and the merged company's market capitalisation will be considerably higher, so that the 'new' Heliad will also improve noticeably in terms of the Deutsche Börse rankings for market capitalisation, free float and trading volume. Due to the planned transaction structure, which allows Heliad to acquire a majority interest in TIG in 2009, attractive market opportunities can be taken advantage of as early as the beginning of 2010. Since the voluntary public exchange offer announced for the middle of January 2010 will be made at exactly the same terms and conditions, all shareholders will be treated equally. Christoph D. Kauter, CEO of TIG: 'The planned merger is an important step for both companies. It will allow us to move forward together into a new dimension of private equity deals and market awareness, while combining the strengths of both companies to the benefit of our shareholders. As Company CEO and shareholder, I therefore support the plan and key data presented by Heliad today for the voluntary takeover offer.' ++ About TIG Themis Industries Group The TIG Themis Industries Group is an industrial holding company that specialises in investments in small- and medium-sized companies in turnaround and special situations. Restructuring teams throughout Europe quickly revitalise TIG's equity interests to create competitive, high return companies. These investments are then either sold at a profit or remain in the portfolio as base investments providing high dividends and returns. Contact: TIG Themis Industries Group GmbH & Co. KGaA Christoph D. Kauter Chief Executive Officer Phone: +49 69 71 91 59 65 39 investor-relations@themis-industries.de 01.12.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: TIG Themis Industries Group GmbH & Co. KGaA Grüneburgweg 18 60322 Frankfurt am Main Deutschland Phone: 069 - 71 91 59 65 - 0 Fax: 069 - 71 91 59 65 - 11 E-mail: info@themis-industries.de Internet: http://www.themis-industries.de ISIN: DE000A0XYL04 WKN: A0XYL0 Listed: Freiverkehr in Stuttgart; Entry Standard in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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