Settlement completed by Boskalis and squeeze-out initiated of shares in Dockwise

Wed Mar 20, 2013 12:48pm EDT

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This press release is issued by Royal Boskalis Westminster N.V. (Boskalis) and Dockwise Ltd.
(Dockwise) pursuant to the provisions of Article 5-12 of the Norwegian Securities Trading Act
(Verdipapirhandelloven), Article 5:25i paragraph 2 of the Dutch Act on Financial Supervision (Wet
op het Financieel Toezicht) and Article 4 of the Dutch Decree on Public Takeover Bids (Besluit
openbare biedingen Wft) in connection with its public offer for Dockwise. This announcement does
not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities.
This announcement is not for release, publication or distribution, in whole or in part, directly
or indirectly, in or into Canada or Japan. Terms not defined in this press release will have the
meaning as set forth in the offer document of 8 February 2013 (the Offer Document).

Papendrecht, Breda
20 March 2013

Reference is made to the Offer Document and the press release of 8 February 2013 in which Boskalis
Holding B.V. (the Offeror), a wholly-owned subsidiary of Boskalis, launched a mandatory cash offer
for all issued and outstanding ordinary shares of Dockwise (the Shares) at an offer price of EUR
18.50 / NOK 137.65 per Share cum dividend (the Offer).

In the Offer, the Offeror received acceptances for a total of 22,675,948 Shares, amounting in
aggregate to 57.20% of the total number of Shares. Settlement of payment and transfer of such
Shares has been completed today. Together with the 16,722,812 Shares that were already held by the
Offeror prior to the Offer, the Offeror now holds 99.39% of the total number of Shares.

In addition, the Offeror has also acquired the Preference Shares held by HAL Investments B.V. in
accordance with Section 7.2. of the Offer Document.

Further, the Offeror has today initiated a statutory squeeze-out procedure under Section 103 of
the Bermuda Companies Act, which may be invoked by shareholders holding not less than 95% of the
shares in a company by giving notice to the remaining shareholders of the intention to acquire
their shares on the terms set out in the notice. Such notice has been submitted to the remaining
shareholders today. The price offered in the squeeze-out is the same as the offer price in the
Offer.

For more information please contact:
Dockwise
Fons van Lith
M: +31 (0)6 51 314 952 or T: +31 (0)76 5484116
E: fons.van.lith@dockwise.com 

Boskalis
Martijn L.D. Schuttevâer
T +31 (0)78 6969310
E: ir@boskalis.com

Background information:
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1,400 people both
offshore and onshore. The Company is the leading marine contractor providing total transport
services to the offshore, onshore and yachting industries as well as installation services of
extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The
Group's main commercial offices are located in the Netherlands, the United States and China with
sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The
Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in
Italy. The Dockwise Shipping network is supported by agents in Norway, Argentina and Italy. To
support all of its services to customers, the group also has three additional engineering centers
in Houston, Breda and Shanghai and operates a fleet of 25 purpose built semisubmersible vessels
(including Dockwise Vanguard, Finesse and White Marlin). Dockwise shares are listed on the Oslo
Stock Exchange and on NYSE Euronext Amsterdam.

 

For further information: www.dockwise.com http://www.dockwise.com 

 

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging,
maritime infrastructure and maritime services sectors. The company provides creative and
innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta
regions of the world through the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition Boskalis executes projects and
offers a wide variety of marine services for the offshore energy sector including subsea,
transport, heavy lift and installation services (carried out by Boskalis Offshore) and performs
towage services and marine salvage work (carried out by SMIT). Boskalis also has strategic
partnerships in the Middle East (Archirodon) and in terminal services (Smit Lamnalco). Boskalis
has a versatile fleet of over 1,100 units and operates in around 75 countries across six
continents. Including its share in partnerships, Boskalis has approximately 15,600 employees. 

 

This press release can also be found on our website www.boskalis.com http://www.boskalis.com 

 

 

PDF version of press release http://hugin.info/130721/R/1686822/553083.pdf 


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Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE


HUG#1686822

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