Wavin N.V. : Wavin to be delisted from Euronext on 12 July
Mexico City (Mexico) and Zwolle (The Netherlands), 15 June 2012 - Reference is made to the joint press release of Mexichem, S.A.B. de C.V. (Mexichem) and Wavin N.V. (Wavin) of 24 May 2012 announcing that 97.24% of the issued and outstanding ordinary shares of Wavin (the Shares) had been tendered for acceptance to Mexichem Soluciones Integrales Holding, S.A. de C.V. (the Offeror).
As a result of the acquisition of more than 95% of the Shares by the Offeror, Mexichem and Wavin jointly announced that the listing and trading of the Shares on NYSE Euronext Amsterdam (Euronext) would be terminated. In consultation with Euronext it has been decided that the listing will be terminated on 12 July 2012. The last day of trading of the Shares on Euronext will be 11 July.
In order to acquire the Shares not already owned, the Offeror will initiate a squeeze-out procedure in accordance with the Dutch Civil Code shortly.
| Enrique Ortega Prieto|
Director of Strategic Planning and Investor Relations
Telephone: +(52 55) 5279 8304
| Herbert van Zijl|
Telephone: +31 38 429 4209
Mobile: +31 6 51461442
| Ton Bruijne|
Telephone: +31 38 429 4357
Mobile : +31 6 51234949
Mexichem is a leader in plastic pipe systems and in the chemical and petrochemical industry in Latin America, with more than 50 years of experience in the region and 33 years on the Mexican Stock Exchange with a market capitalisation of approximately EUR 5.0 billion1. Mexichem, which exports to more than 50 countries, and has presence in Latin America, North America, Europe and Asia, has an annual turnover of approximately EUR 2.8 billion2 and EBITDA of approximately EUR 594 million2. With more than 10,000 employees throughout virtually the entire American continent, UK and Japan, the company has the largest fluorspar mine in the world and is the only fully integrated coolant gas producer in America. It is also the largest producer of PVC resin in Latin America and contributes actively to the development of the countries through products that have a wide market in the most dynamic growth sectors including construction, housing, drinking water, and urban sewage in Mexico, the United States, UK, Japan and Latin America. More details about Mexichem can be found at www.mexichem.com.
Wavin is the leading supplier of plastic pipe systems and solutions in Europe. The company provides essentials: plastic pipe systems and solutions for tap water, surface heating and cooling, soil and waste, rain- and storm water, distribution of drinking water and gas and telecom applications. Wavin is headquartered in Zwolle (The Netherlands) and has a presence in 25 European countries. The company employs approximately 6,000 people and reported revenue of approximately EUR 1.3 billion for 2011. Outside Europe, it has a global network of agents, licensees and distributors. Wavin is listed on the NYSE Amsterdam stock exchange (WAVIN). More details about Wavin can be found at www.wavin.com.
1 Based on market data from FactSet as at 1 June 2012. MXN:EUR exchange rate of 17.60.
2 Unaudited financials based on Mexichem full year 2011 results announced on 21 February 2012. MXN:EUR average exchange rate during 2011 of 17.29 from FactSet.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Wavin N.V. via Thomson Reuters ONE