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MELDUNG VOM 11.07.2017 08:00
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pta20170711009
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Pierer Industrie AG: Pierer Industrie AG launches voluntary takeover bid for the German stock exchange listed SHW AG

Wels (pta009/11.07.2017/08:00) - THIS ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION IN THE USA, CANADA, JAPAN OR AUSTRIALIA

* Takeover bid to all shareholders of SHW AG
* Offer price: EUR 35,- per share
* Acceptance period: until 8 August 2017

Wels, 11 July 2017 - Today the offer document for the takeover bid of Pierer Industrie AG ("PIAG") to the shareholders of SHW AG ("SHW") was published, after the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, "BaFin") had authorized its publication. On June 14, 2017, PIAG published its decision to launch a voluntary public takeover bid to all shareholders of SHW. The shares of SHW are listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under ISIN DE000A1JBPV9.

The offer price amounts to EUR 35,- per SHW share. It is higher than the target price of EUR 28 respectively EUR 30 per share that has been communicated by some analysts before June 14, 2017 and it exceeds by approximately more than 10% the average historical share price of the SHW shares during the recent months prior to the announcement of the takeover intention.

With this takeover offer, PIAG pursues a long-term and strategic interest and anticipates the possibility of realizing strategic potentials in the automotive industry segment due to the takeover.

The offer document that was published today contains all relevant information on the takeover offer and is available on the PIAG-website www.piererindustrie.at under the section "Capital Market". All SHW shareholders will receive from their custodian banks an acceptance form with which they can accept the takeover bid.

About the Pierer Group:
The Pierer Group is a leading European vehicle group with a focus on the global motorcycle segment and the automotive high-tech component sector. The Group currently employs more than 5,200 people worldwide with a group turnover of more than EUR 1.5 billion.

Additional Information (Disclaimer)
This announcement is for information purposes only and does not constitute an offer to buy or an invitation to sell securities. The offer to purchase SHW shares is subject exclusively to the terms and conditions specified by PIAG in the offer document, of which the publication was approved by the BaFin.

This press announcement does not release the respective SHW shareholder from his/her obligation to examine the information contained in the offer document and - taking into account all available sources of information, all individual circumstances of the shareholder (in particular with regard to the individual tax situation), the applicable statutory provisions for the shareholder and the personal assessment of the future development of the share price of the SHW share -to make his/her own decision about whether or not to accept the takeover offer.

PIAG points out that it is not in a position and is not obliged to verify whether the SHW shareholders comply with all obligations of the individually applicable statutory provisions upon acceptance of the takeover bid. Shareholders of SHW wishing to accept the takeover offer should examine whether the acceptance of the takeover offer is compatible with legal obligations arising out of their personal circumstances (e.g., sales restrictions). Furthermore, PIAG recommends that all shareholders subject to the laws of a foreign jurisdiction may obtain information about and comply with the applicable laws. PIAG assumes no liability for the decision of a shareholder and recommends that each shareholder of SHW obtains the necessary individual tax and legal advice, if necessary.

(Ende)

Aussender: Pierer Industrie AG
Edisonstraße 1
4600 Wels
Österreich
Ansprechpartner: Mag. Michaela Friepeß
Tel.: +43 7242 69402
E-Mail:
Website: www.piererindustrie.at
ISIN(s): - (other)
Börsen: -
Pierer Industrie AG