Public disclosure of inside information according to article 17 MAR
WAB Privatstiftung and BWT AG determine EUR 16,51 as cash compensation per share
Mondsee (pta019/11.07.2017/11:10) -
Mondsee, 11th July 2017
The management board of WAB Privatstiftung as majority shareholder of BWT Aktiengesellschaft and the management board of BWT Aktiengesellschaft today jointly determined the appropriate cash compensation minority shareholders receive in the context of the requested squeeze-out to be EUR 16,51 per share and resolved upon the joint report on the intended squeeze-out pursuant to section 3 (1) of the Austrian Squeeze-out Act (Gesellschafterausschlussgesetz - GesAusG). The determination of the cash compensation is based on the valuation report provided by Deloitte Audit Wirtschaftsprüfungs GmbH.
The squeeze-out shall be resolved upon at the next Annual General Meeting of BWT Aktiengesellschaft on 14 August 2017. The valuation report, the joint report on the intended squeeze-out pursuant to section 3 (1) GesAusG and the other compulsory documents will be available on the website of BWT Aktiengesellschaft one month prior to the Annual General Meeting. Following the resolution and registration of the squeeze-out in the company register, the Vienna Stock Exchange is expected to revoke the admission of BWT Aktiengesellschaft for trading at the Vienna Stock Exchange (delisting).
The Best Water Technology Group is Europe's leading water technology company. BWT's 3,300 employees work to provide clients in private households, industries, commerce, hotels and municipalities with innovative, economic and ecological water treatment and technologies that ensure the highest standards of safety, hygiene and health in their daily contact with water. BWT offers modern treatment systems and services for drinking water, pharmaceutical and process water, water for heating, boilers and cooling, and water for air conditioning systems and swimming pools. BWT's R&D department uses state-of-the-art methods and the latest processes and materials to develop environmentally-friendly, cost-effective products. A crucial focus is on minimising the products' resource and energy consumption, thereby reducing CO2 emissions.
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