 |
 |
||||||
[April 2008]
‘Squeeze-Out’ Procedure Affects Didier Minority Shareholders
RHI AG (Vienna, Austria) has informed Didier-Werke Aktiengesellschaft in a recent document that RHI AG has decided to initiate the required steps to acquire all shares in the Didier-Werke still held by minority shareholders by means of a resolution by the Annual General Meeting in accordance with sections 327a et seq. of the Stock Corporation Act - AktG (squeeze-out).
RHI AG, based in Vienna, Austria, holds, directly and indirectly, a total of approximately 97.54% of the Didier-Werke’s share capital.
In order to enable the corresponding resolution at the coming Annual General Meeting of the company, Didier-Werke Aktiengesellschaft has decided to postpone its Annual General Meeting to the end of August of this year. The cash settlement to be paid to the minority shareholders within the framework of the exclusion will be determined on the basis of a company valuation, which is yet to be carried out.
ENDS