WP AG: Voluntary public takeover offer to the shareholders of WP AG

Munderfing (pta020/29.03.2016/10:20 UTC+2) * CROSS Industries AG submits a voluntary public takeover offer in the course of the delisting of the shares of WP AG
* Offer price: EUR 18 per share of WP AG

CROSS Industries AG, the majority shareholder of WP AG, today has requested an integration of the agenda for the upcoming annual shareholders meeting of WP AG taking place on 21 April 2016 in order to authorize the board of directors of WP AG to announce the withdrawal of its shares from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. WP AG will announce and publish the integrated agenda in due course.

Voluntary public takeover offer (cash offer) of CROSS Industries AG to the shareholders of WP AG
The shares of WP AG are traded on the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. CROSS Industries AG 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 as an accompanying measure to the delisting of the shares of WP AG from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. CROSS Industries AG already owns 99.71% of the share capital and voting rights of WP AG.
The offer price will amount to EUR 18 per share of WP AG and is therefore approximately 20.24% above the average volume weighted six months stock exchange price of the WP-shares on the Vienna Stock Exchange as of 24 March 2016 (this is the last trading day on the Vienna Stock Exchange before the announcement of the intention to propose the tender offer). The offer is subject to the condition that WP AG files a notice with the Vienna Stock exchange to withdraw its shares from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange.

Legal disclaimer:
This ad-hoc release does neither constitute an offer to purchase nor an intimation to submit a proposal for the acquisition of securities of WP AG.

(end)

Emitter:	WP AG Gewerbegebiet Nord 8 5222 Munderfing Austria
Contact Person:	Verena Pommer
Phone:	+43 7744 20240 0
E-Mail:	investor@wp-group.com
Website:	www.wp-group.com
ISIN(s):	AT0000A1DDL3 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Regulated Open Market)