Xeikon takes cognizance of proposed transaction between Punch International and Bencis

Saturday, July 27, 2013

Xeikon NV (“Xeikon”) takes cognizance of the press release of earlier today, in which Punch International (“Punch”) and Bencis Capital Partners Belgium NV (“Bencis”) announce that they have reached conditional agreement on a sale to Bencis of Punch’s 65.68% share interest in Xeikon at a price per share of EUR 5.85.

 

If the above-mentioned sale will become unconditional and the transfer to Bencis of Punch’s share interest in Xeikon will be consummated, Bencis will pursuant to the Act on Financial Supervision (Wet op het financieel toezicht) be obliged to make a mandatory offer for all remaining Xeikon shares (the “Offer”).

 

The conditions precedent as set out in the agreement between Punch and Bencis, inter alia, relate to the completion of certain agreements between Xeikon and Punch -the object of which is to end existing ties between Xeikon and Punch. The Boards will give due and careful consideration to the aforementioned matter and discuss this with Bencis and Punch.

 

Further announcements will be made if and when circumstances so require. This announcement is made pursuant to Section 5:25i, second paragraph of the Act on Financial Supervision (Wet op het financieel toezicht).

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