Statement regarding offer for Premier Farnell plc
Further to the announcement made by Dätwyler Holding AG on 18 August 2016 regarding its offer for Premier Farnell plc, Datwyler today announces that its offer has now lapsed.
Datwyler will, except with the consent of the UK Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 35 of the City Code on Takeovers and Mergers until 21 August 2017.
Datwyler Group (www.datwyler.com)
The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Technical Components division is one of Europe’s foremost high-service distributors of electronic, ICT and automation components and accessories. The Sealing Solutions division is a leading supplier of custom sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods industries. With a total of more than 50 operating companies, sales in over 100 countries and some 7'000 employees, the Datwyler Group generates annual revenue of some CHF 1'200 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).
Datwyler: +41 41 875 19 00 Guido Unternährer, Head of Corporate Communications
UBS Investment Bank (Financial Adviser to Datwyler): +44 (0) 20 7567 8000 Jonathan Rowley Martin Kesselring Jean-Baptiste Petard Sandip Dhillon
The distribution of this RNS release in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this RNS release comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.
This RNS release is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this RNS release or otherwise.
Important notices relating to the financial adviser
UBS Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK together with UBS AG which is supervised by the Swiss Financial Market Supervisory Authority FINMA in Switzerland (collectively “UBS”) are acting as financial advisers to Datwyler and no one else in connection with the matters set out in this RNS release. In connection with such matters, UBS, its affiliates, and its or their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person for providing the protections afforded to their clients or for providing advice in relation to the contents of this RNS release or any other matter referred to herein.