Publicis Groupe S.A. - Final Results Public Offer for LBi

Tue Jan 29, 2013 3:05pm EST

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PARIS--(Business Wire)--
Regulatory News: 

This is a joint press release by LBi International N.V. ("LBi") and Publicis
Groupe S.A. ("Publicis Groupe") (Paris:PUB) pursuant to the provisions of
Article 17, paragraphs 3 and 4, and Article 13, paragraph 1 of the Dutch Public
Takeover Decree (Besluit openbare biedingen Wft) (the "Takeover Decree") in
connection with the recommended public offer by Publicis Groupe, through its
indirectly wholly owned subsidiary, Publicis Groupe Holdings B.V., for all the
issued and outstanding shares in the capital of LBi. 

This press release does not constitute or form part of an offer for shares in
LBi. The Offer is made only by means of the offer document published on 12
November 2012 (the "Offer Document"). The Offer was declared unconditional on 15
January 2013. The Post Acceptance Period expired at 17:40 hours CET on 29
January 2013. 

Digital copies of the Offer Document are available on the website of LBi
(www.lbi.com) and Publicis Groupe (www.publicisgroupe.com). Copies of the Offer
Document are also available free of charge at the offices of Publicis Groupe,
the Offeror, the Settlement Agent, the Swedish Settlement Agent and LBi at the
addresses mentioned below. The Publicis Groupe and LBi websites do not
constitute a part of, and are not incorporated by reference into, the Offer
Document. 

Terms not defined in this press release will have the meaning as set forth in
the Offer Document. 

The Offer is made for the securities of a Dutch company and is subject to Dutch
disclosure requirements, which are different from those of the United States. 

Please note that, to the extent permissible under applicable law or regulation,
the Offeror and its affiliates or brokers (acting as agents for the Offeror)
may, from time to time, and other than pursuant to the Offer, directly or
indirectly purchase, or arrange to purchase, shares in LBi that are the subject
of the Offer or any securities that are convertible into, exchangeable for or
exercisable for such shares. To the extent information about such purchases or
arrangements to purchase is made public in The Netherlands, such information
will be disclosed by means of a press release or other means reasonably
calculated to inform shareholders of LBi of such information. 

This press release may not be published, distributed, disseminated or otherwise
sent into Japan or Canada. 

With reference to the joint press releases of Publicis Groupe [EURONEXT Paris:
FR0000130577] and LBi [NYSE EURONEXT Amsterdam: LBI], issued on 20 September
2012, 9 October 2012, 12 November 2012 and 15 January 2013, respectively,
Publicis Groupe Holdings B.V. ("Publicis Groupe Holdings" or the "Offeror"), an
indirectly wholly owned subsidiary of Publicis Groupe, and LBi hereby jointly
announce that including Shares tendered during the Post Acceptance Period and
Shares purchased today the Offeror holds 95.41% of all the issued and
outstanding shares in LBi.

During the Post Acceptance Period, which ended at 17:40 hours CET on 29 January
2013, 1,049,998 Shares have been tendered for acceptance under the Offer,
representing a value of EUR 2,992,494. 

In the course of today, Publicis Groupe has acquired 7,106 shares in LBi at a
volume weighted average price of approximately EUR 2.85 per share, a minimum
price of EUR 2.85 and a maximum price of EUR 2.85 per share. 

This results in the holdings as set out below:

                                                                            % of issued and outstanding capital  
 Shares bought on 01/29/13                               7,106              0.00%                                
 Shares owned by Publicis Groupe after 01/29/13¹         142,312,828        94.71%                               
                                                                                                                 
 Share tendered during the Post Acceptance Period        1,049,998          0.70%                                
                                                                                                                 
 Total Shares owned and tendered                         143,362,826        95.41%                               
                                                                                                                 
 Issued and outstanding capital                          150,263,199                                             


The shares in LBi owned by the Offeror after 29 January 2013, together with the
shares in LBi tendered under the Offer during the Post Acceptance Period,
representing a total of 143,362,826 shares in LBi, represent approximately
95.41% of all the issued and outstanding shares in LBi. 

Disregarding shares in LBi held by LBi after settlement of the Offer, the total
of shares in LBi owned 

by Publicis Groupe and shares in LBi tendered under the Offer during the Post
Acceptance Period represents approximately 98%2 of the shares in LBi. 

Settlement of Shares tendered under the Offer during the Post Acceptance Period

Shareholders who have validly tendered (or defectively tendered, provided that
such defect has been waived by the Offeror) and delivered (geleverd) (as
applicable) their Shares for acceptance under the Offer during the Post
Acceptance Period will receive on the Settlement Date (as defined below) a cash
amount of EUR 2.85 per Share, net to the Shareholder in cash, without interest
and less any applicable withholding taxes (the "Offer Price") in respect of each
Tendered Share. 

Payment of the Offer Price per Share for Shares validly tendered (or defectively
tendered, provided that such defect has been waived by the Offeror) and
delivered (geleverd) (as applicable) for acceptance under the Offer during the
Post Acceptance Period shall occur on 4 February 2013 (the "Settlement Date"). 

Shareholders holding Shares through Euroclear Sweden who have tendered their
Shares in accordance with Section 5.2(c) of the Offer Document, should be aware
that the Offer Price will be converted by the Swedish Settlement Agent from Euro
into SEK at the prevailing spot market Euro to SEK exchange rate on the date on
which the funds are received by the Swedish Settlement Agent. 

Delisting

In consultation with NYSE Euronext Amsterdam, the listing of the Shares on NYSE
Euronext Amsterdam will be terminated as soon as possible. 

Squeeze-out proceedings

As a consequence of the acceptances to date, the Offeror holds sufficient Shares
to initiate a takeover squeeze-out procedure in accordance with article 2:359c
of the Dutch Civil Code or a statutory squeeze-out procedure in accordance with
article 2:92a or 2:201a of the Dutch Civil Code. The Offeror intends to initiate
a squeeze-out procedure as soon as possible, in order to acquire the remaining
Shares not held by the Offeror. 

Offer Document, Circular and further information

The information in this press release is not intended to be complete and for
further information explicit reference is made to the Offer Document and the
Circular. The Offer Document and the Circular contain full details of the Offer.


Terms not defined in this press release will have the meaning as set forth in
the Offer Document. 

Shareholders are advised to review the Offer Document and the Circular in detail
and to seek independent advice where appropriate in order to reach a reasoned
judgement in respect of the content of the Offer Document, the Circular and the
Offer itself. 

Digital copies of the Offer Document are available on the website of LBi
(www.lbi.com) and Publicis Groupe (www.publicisgroupe.com). Copies of the Offer
Document are also available free of charge at the offices of Publicis Groupe,
the Offeror, the Settlement Agent, the Swedish Settlement Agent and LBi at the
addresses mentioned below. The Publicis Groupe and LBi websites do not
constitute a part of, and are not incorporated by reference into, the Offer
Document. 

Copies of the Circular, the Articles, the proposed amendments to the Articles,
LBi's Annual Reports for the Financial Years 2011, 2010 and 2009, the LBi first
half-year report 2012 and the LBi Q3 trading update, are available free of
charge at the offices of LBi and can be obtained by contacting LBi at the
address mentioned below and also on the website of LBi (www.lbi.com). 

The Offeror and Publicis Groupe
Publicis Groupe Holdings B.V.
Prof. W.H. Keesomlaan 12
1183 DJ Amstelveen
The Netherlands 

Publicis Groupe S.A.
133, Avenue des Champs Elysées
75008 Paris Cedex 08
France 

LBi
LBi International N.V.
Joop Geesinkweg 209
1096 AV Amsterdam
The Netherlands 

The Settlement Agent
SNS Securities N.V.
Nieuwezijds Voorburgwal 162
1012 SJ Amsterdam
The Netherlands 

Swedish Settlement Agent
Mangold Fondkommission AB
Engelbrektsplan 2
114 34 Stockholm
Sweden 

Important information

Restrictions

The Offer is being made in and from the Netherlands with due observance of such
statements, conditions and restrictions as are included in the Offer Document.
The Offeror reserves the right to accept any tender under the Offer, which is
made by or on behalf of a Shareholder, even if it has not been effected in the
manner as set out in the Offer Document. 

The distribution of the Offer Document and/or the making of the Offer in
jurisdictions other than the Netherlands may be restricted and/or prohibited by
law. The Offer is not being made, and the Shares will not be accepted for
purchase from or on behalf of any Shareholders, in any jurisdiction in which the
making or acceptance thereof would not be in compliance with the securities or
other laws or regulations of such jurisdiction or would require any
registration, approval or filing with any regulatory authority not expressly
contemplated by the terms of the Offer Document. However, acceptances of the
Offer by Shareholders not residing in the Netherlands will be accepted by the
Offeror if such acceptances comply with (i) the acceptance procedure set out in
the Offer Document, and (ii) the applicable laws and regulations in the
jurisdiction from which such acceptances have been made. Persons obtaining the
Offer Document are required to take due notice and observe all such restrictions
and obtain any necessary authorisations, approvals or consents. Neither the
Offeror, Publicis Groupe or LBi, nor any of their respective affiliates or any
of their respective supervisory or managing directors, employees or advisers
accepts any liability for any violation by any person of any such restriction.
Outside of the Netherlands, no actions have been taken (nor will actions be
taken) to make the Offer possible in any jurisdiction where such actions would
be required. In addition, the Offer Document has not been filed with nor
recognised by the authorities of any jurisdiction other than the Netherlands. 

Any person (including, without limitation, custodians, nominees and trustees)
who would or otherwise intends to forward the Offer Document or any related
document to any jurisdiction outside the Netherlands should carefully read
Section 1 (Restrictions) and Section 2 (Important information) of the Offer
Document before taking any action. The release, publication or distribution of
the Offer Document and any documentation regarding the Offer or the making of
the Offer in jurisdictions other than the Netherlands may be restricted by law
and therefore persons into whose possession the Offer Document comes should
inform themselves about and observe such restrictions. Any failure to comply
with any such restrictions may constitute a violation of the law of any such
jurisdiction. Neither the Offeror, Publicis Groupe or LBi, nor any of their
respective affiliates or any of their respective supervisory or managing
directors, employees or advisers accepts any liability for any violation by any
person of any such restriction. 

United States of America

The Offer is made for the securities of a Dutch company and is subject to Dutch
disclosure requirements, which are different from those of the United States.
Financial statements included in the document, if any, have been prepared in
accordance with International Financial Reporting Standards (IFRS) as adopted by
the EU and thus may not be comparable to the financial statements of United
States companies. The Offer will be made in the United States pursuant to
Section 14(e) of, and Regulation 14E under, the US Securities Exchange Act of
1934, as amended (the "US Exchange Act"), subject to the exemptions provided by
Rule 14d-1(c) under the US Exchange Act and otherwise in accordance with the
requirements of the Merger Rules. Accordingly, the Offer will be subject to
disclosure and procedural requirements that are different from those applicable
under United States domestic tender offer procedures and law. 

It may be difficult for Shareholders to enforce their rights and claims arising
under the federal securities laws, since the Offeror and LBi are located in a
country other than the United States, and some or all of their officers and
directors may be residents of a country other than the United States.
Shareholders may not be able to sue a non-US company or its officers or
directors in a non-US court for violations of US securities laws. It may be
difficult to compel a non-US company and its affiliates to subject themselves to
a US court's judgments. 

Please note that, to the extent permissible under applicable law or regulation,
the Offeror and its affiliates or brokers (acting as agents for the Offeror)
may, from time to time, and other than pursuant to the Offer, directly or
indirectly purchase, or arrange to purchase, shares in LBi that are the subject
of the Offer or any securities that are convertible into, exchangeable for or
exercisable for such shares. To the extent information about such purchases or
arrangements to purchase is made public in The Netherlands, such information
will be disclosed by means of a press release or other means reasonably
calculated to inform Shareholders of such information. 

Each United States shareholder of LBi is urged to consult with its independent
professional adviser regarding the acceptance of the Offer including, without
limitation, to consider the tax consequences associated with such shareholder's
election to participate in the Offer. 

The Offer Document has not been submitted to or reviewed by the United States
Securities and Exchange Commission ("SEC") or any state securities commission.
Neither the SEC nor any such state securities commission has approved or
disapproved of the Offer, passed upon the fairness or merits of the Offer, or
passed upon the adequacy or accuracy of the disclosure contained in the Offer
Document. Any representation to the contrary is a criminal offence in the United
States of America. 

Canada and Japan

The Offer and any solicitation in respect thereof is not being made, directly or
indirectly, in or into Canada or Japan, or by use of the mailing systems, or by
any means or instrumentality of interstate or foreign commerce, or any
facilities of a national securities exchange, of Canada or Japan. This includes,
but is not limited to, post, facsimile transmission, telex or any other
electronic form of transmission and telephone. Accordingly, copies of the Offer
Document and any related press announcements, acceptance forms and other
documents are not being sent and must not be mailed or otherwise distributed or
sent in, into or from Canada or Japan or, in their capacities as such, to
custodians, nominees or trustees holding Shares for persons residing in Canada
or Japan. Persons receiving the Offer Document and/or such other documents must
not distribute or send them in, into or from Canada or Japan, or use such
mailing systems or any such means, instrumentality or facilities for any purpose
in connection with the Offer; so doing will invalidate any purported acceptance
of the Offer. The Offeror will not accept any tender by any such use, means,
instrumentality or facility from within Canada or Japan. 

Tender and transfer of Shares constitutes a representation and warranty that the
person tendering the Shares (i) has not received or sent copies of the Offer
Document or any related documents in, into or from Canada or Japan and (ii) has
not otherwise utilised in connection with the Offer, directly or indirectly, the
mailing systems or any means or instrumentality including, without limitation,
facsimile transmission, telex and telephone of interstate or foreign commerce,
or any facility of a national securities exchange of, Canada or Japan. The
Offeror reserves the right to refuse to accept any purported acceptance that
does not comply with the foregoing restrictions, any such purported acceptance
will be null, void and without effect. 

Forward looking statements

This announcement and the Offer Document include "forward-looking statements"
including statements about the expected timing and completion of the Offer.
Forward-looking statements involve known or unknown risk and uncertainty because
these statements relate to events and depend on circumstances that may occur in
the future. Generally, words such as "may", "should", "aim", "will", "expect",
"intend", "estimate", "anticipate", "believe", "plan", "seek", "continue" or
similar expressions identify forward-looking statements. Each of the Offeror,
Publicis Groupe and LBi, and any of their respective affiliates, each with
respect to the statements it has provided, believes the expectations reflected
in such forward-looking statements are based on reasonable assumptions.
Nevertheless, no assurance can be given that such statements will be fulfilled
or prove to be correct, and no representations are made as to the future
accuracy and completeness of such statements. Any such forward-looking
statements must be considered together with the fact that actual events or
results may vary materially from such forward-looking statements due to, among
other things, political, economic or legal changes in the markets and
environments in which the Offeror, Publicis Groupe and/or LBi does business, to
competitive developments or risks inherent to the Offeror's, Publicis Groupe's
or LBi's business plans and to uncertainties, risk and volatility in financial
markets and other factors affecting the Offeror, Publicis Groupe and/or LBi. 

The Offeror, Publicis Groupe and LBi undertake no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by applicable laws
and regulations or by any competent regulatory authority. 

Notes: 

1. This is including the 107,330,624 shares tendered during the Acceptance
Period in respect of which settlement took place on 21 January 2013 

2. Rounded figure 

About Publicis Groupe

Publicis Groupe [Euronext Paris FR0000130577, part of the CAC 40 index] is the
third largest communications group in the world, offering the full range of
services and skills: digital (Digitas, Razorfish, Rosetta, VivaKi), traditional
advertising (BBH, Leo Burnett, Publicis Worldwide, Saatchi & Saatchi), public
affairs, corporate communications and events (MSLGROUP), media buying and
strategy (Starcom MediaVest Group and ZenithOptimedia) and specialized
communications with PHCG (Publicis Healthcare Communications Group). Present in
104 countries, the Groupe employs 56,000 professionals. 

www.publicisgroupe.com | Twitter:@PublicisGroupe | Facebook:
www.facebook.com/publicisgroupe

Viva la Difference !

About LBi

LBi International N.V. [NYSE Euronext Amsterdam: LBI] is Europe`s largest
independent marketing and technology agency, blending insight, media, creativity
and technical expertise to create value for brands. Headquartered in Amsterdam
(the Netherlands), the company has operations in 16 countries and a staff of
approximately 2,200. As a marketing and technology agency, LBi offers services
to brands and (clients) to help them engage with their customers through digital
channels across a wide spectrum of their points of engagement, from initial
awareness of the brand, through direct interaction with the services or products
offered by the brand, to on-going relationships with the brand. 

LBi offers a suite of services that are designed to help its clients attract,
engage and manage customers, more effectively. This full service offering
combines analytical, direct marketing and digital competences, which means that
they are able to develop big creative ideas in the digital space, build and
manage complex transactional websites, run complex CRM programmes and even
handle the media buying, planning and electronic public relations for blue chip
companies. 

www.lbi.com

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Publicis Groupe
Corporate Communication
Peggy Nahmany, + 33 1 44 43 72 83
or
Investor Relations
Martine Hue, + 33 1 44 43 65 00
or
Stephanie Atellian, + 33 1 44 43 74 44
or
LBi
Fred Mulder, +31 20 460 4500
Chairman
or
Luke Taylor, +31 20 460 4500
CEO
or
Citigate First Financial
Frank Jansen, +31 20 575 40 10
or
Claire Verhagen, +31 6 505 16 325 

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