- Publication of results in accordance with § 19 para 2 Austrian Takeover Act
On 29 March 2016 CROSS Industries AG (the „Offeror“) has announced its intention to submit a voluntary public takeover offer pursuant to Sections 4 et seq. Austrian Takeover Act to all shareholders of WP AG (the “Target Company”) as accompanying measure to the delisting of the shares of WP AG from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. The voluntary public takeover offer aimed to the acquisition of a total of 14,113 shares of the Target Company (approximately 0.28 per cent. of the share capital of the Target Company). The offer price amounted to EUR 18,- per share oft he Target Company. The offer document has been published on 21 April 2016 in accordance with § 11 para 1a Austrian Takeover Act. The acceptance period ended 25 May 2016 (the „Acceptance Period“).
Until the end of the Acceptance Period on 25 May 2016 Wiener Privatbank SE as acceptance and paying agent has received a total of 5,945 shares of WP AG; this equals to approximately 0.12 per cent. of the share capital of WP AG.
As of the transfer of the delivered shares the Offeror will own a total of 4,991,832 shares of WP AG; this equals to 99.84 per cent. of the share capital of WP AG. The offer price in the amount of EUR 18,- per share will be paid to the shareholders which have accepted the offer in due time at the latest on 8 June 2016 through Wiener Privatbank SE as acceptance and paying agent against delivery of the shares.