AL­TANA AG has re­leased the pre­lim­i­nary in­ter­im re­sults for the pub­lic ten­der of­fer tar­get­ing all shares of Von Roll Hold­ing AG – share­hold­ing of 96.6 per­cent

«Ad hoc announcement pursuant to Art. 53 LR»

ELANTAS, a subsidiary of the specialty chemicals group ALTANA AG, today announced the provisional interim results after the expiration of the public tender offer for all publicly held shares of Von Roll Holding AG (SIX: ROL).

Based on the preliminary data, 28’746’339 Von Roll shares were tendered into the offer by the conclusion of the offer period, which represents 57.5% of the Von Roll shares covered by the offer. Factoring in the execution of the share purchase agreement with the von Finck family, the shares acquired on the market since publication of the pre-announcement, and the treasury shares in Von Roll’s possession, ELANTAS now holds a combined total of 345’439’841 Von Roll shares. This corresponds to 96.6 percent of the shares in Von Roll Holding AG.

ELANTAS has declared the offer successful, subject to the offer conditions which will remain in effect until the first settlement date. The Von Roll shares tendered during the offer period will be transferred to ELANTAS in exchange for payment at the offer price on November 6, 2023 (the first settlement day).

The provisional interim result report can be accessed through this link. The final notification of the interim results will be officially released on November 2, 2023.

The supplementary acceptance period, allowing continued acceptance of the offer, is anticipated to begin on November 3, 2023, pending the offer’s completion, and extend until November 16, 2023, at 4 p.m. Swiss time. The tender offer remains contingent on specific conditions until the initial settlement date, expected to be November 6, 2023. The closing of the offer is projected for November 27, 2023. Subsequently, a squeeze-out will be carried out, in which the non-tending Von Roll shareholders will receive the usual compensation in cash and Von Roll will be delisted from the SIX Swiss Exchange.

Here is the preliminary schedule for the completion of the offer: