Dietikon, Wednesday, September 7, 2011
According to the final result upon the expiry of the supplementary offer deadline on 1 September, Axpo now controls 99.8% of the voting rights and share capital of EGL. Upon completion of the offer, Axpo will apply for the cancellation of the remainder of the EGL shares. The delisting of the shares is planned as a next step.
On 27 June 2011, Axpo Holding AG announced a public offer for all the bearer shares (with a par value of CHF 50) of EGL AG, Laufenburg, still held on the open market. On 18 August 2011, Axpo announced the final interim result following the expiry of the offer period and declared the offer to be successful.
On expiry of the supplementary offer period on 1 September 2011, the final result is now available. A total of 232 959 shares in EGL AG were tendered and purchased up to 16:00 (CET) on 1 September 2011. This results in a total shareholding of 99.8% of the voting rights and share capital of EGL AG, including the shares already owned by Axpo before the offer (2 402 399 shares representing 91.0% of the voting rights and share capital).
Payment of the offer price for the tendered shares will be made on 14 September 2011. Following this, Axpo will apply for the cancellation of the remainder of the EGL shares still held by the public. After this process, a cash payment in the amount of the offer price will be paid for the remaining EGL shares still held by public shareholders. It is also the intention to delist the shares of EGL thereafter.
Further information
Media Relations: Phone +41 44 749 40 10, media.ch@egl.eu
Investor Relations: Phone +41 44 749 44 27, investor.ch@egl.eu
