The Netherlands: Boskalis Holds 33 Pct Stake in Dockwise

  • Business & Finance

Boskalis Holds 33 Pct Stake in Dockwise

Following a press release issued yesterday morning regarding an intended offer for Dockwise Ltd., Royal Boskalis Westminster N.V. announces that it currently holds a 33.0% stake in Dockwise.

As a result, Boskalis is now the largest shareholder in Dockwise. These shares acquired since yesterday morning were purchased at an average price of EUR 17.04 with a maximum price of EUR 17.20.

As previously announced, HAL Investments B.V. has irrevocably committed to support the offer and tender its shares in Dockwise, representing approximately 32% of the outstanding ordinary shares, under the conditions that will be applicable to the offer. HAL Investments B.V. has not received information that will not be included in the offer document.

Due to the primarily listing of Dockwise on the Oslo Stock Exchange, the Norwegian offer rules will be applicable. The Netherlands Authority for the Financial Markets (AFM) is of the opinion that, in addition to the Norwegian offer rules, the Dutch offer rules are also applicable. Boskalis will approach both financial regulators to ensure that the offer process can be conducted in an efficient manner.

[mappress]

Press Release, November 28, 2012

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