Public offer for EGL shares is a success
According to the definitive interim result as of the expiry of the offer deadline on 12 August, Axpo now controls 99.2% of the voting rights and share capital of EGL. Axpo therefore dec-lares the tender offer to be successful.
On 27 June 2011, Axpo Holding AG announced its public offer for all bearer shares with a par value of CHF 50 of EGL AG, Laufenburg, still held by the public. On 18 August 2011, Axpo an-nounced the definitive interim result following the expiry of the offer deadline.
According to this definitive interim result, a total of 216,114 shares in EGL AG were tendered and purchased before the expiry of the offer deadline on 12 August 2011. This results in a total share-holding of 99.2% of the voting rights and share capital of EGL AG, including the shares already owned by Axpo before the announcement of the offer (2,402,399 shares representing 91.0% of the voting rights and share capital).
Axpo has declared the offer to be successful subject to provision a, paragraph B.7. of the offer prospectus. Details in this regard are available in the announcement of the definitive interim result on the Axpo website.
The supplementary period during which the public offer may still be accepted starts on 19 August and expires on 1 September 2011 at 16:00 (10 trading days). As detailed in the offer prospectus, Axpo intends to delist the EGL shares in due time after the expiry of the offer.
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