Final result of the public exchange of Panalpina shares
On 13 May 2019, DSV published a public exchange offer for all publicly held registered shares of Panalpina. Yesterday, 13 August 2019, DSV released the definitive notice of the final result of the offer.
Up to the expiration of the additional acceptance period on 7 August 2019, 16.00 h CEST, a total of 23,379,700 Panalpina shares had been tendered, corresponding to 98.44% of all 23,750,000 Panalpina shares listed as of 7 August 2019 that were contained in the offer (success rate).
Subject to the fulfilment of all offer conditions (or a waiver of their fulfilment) and a deferral of settlement in accordance with section B7 (offer conditions, waiver of offer conditions, duration of offer conditions and deferral of settlement) of the offer prospectus, the settlement is expected for 19 August 2019. (mw)