TenCate and the Offeror today jointly announce that following 17:40 hours on 21 January 2016, being the Acceptance Closing Time, 23,146,702 Shares had been tendered under the recommended public cash offer by the Offeror or committed to the Offeror subject only to the Offer being declared unconditional, at an increased Offer Price of EUR 26.00 per Share (the "Offer").
These tendered Shares represent approximately 85.8% of all the Company's issued and outstanding share capital (geplaatst kapitaal), i.e. excluding 475,687 Shares held in treasury by the Company.
The Offeror will announce whether the Offer will be declared unconditional (gestand wordt gedaan) on or before Tuesday 26 January 2016.
JOINT PRESS RELEASE
Almelo/Utrecht, 22 January 2016