Increase in stake in Latexx Partners Berhad, Malaysia, achieved
Vienna, Austria/Kuala Lumpur, Malaysia, 21 November 2012 - Semperit AG Holding (“Semperit”) (Bloomberg ticker: SEM:AV, Reuters: SMPV.VI) announces that Semperit has completed the acquisition of all shares and warrants of Mr. Low Bok Tek and certain shareholders. Semperit has now secured a stake in Latexx Partners Berhad (“Latexx Partners”) of more than 83% on a diluted basis of 274.7 million shares (post potential exercise of all warrants) and more than 80% based on an undiluted basis of 222.7 million shares.
Semperit intends to start the necessary steps for delisting as soon as practicable after the end of the offer period. The current offer for all outstanding shares and warrants of Latexx Partners is being made via Semperit Investments Asia Pte Ltd, a wholly-owned subsidiary of Semperit. The offer period will end in two days on November 23, 2012.
“We are extremely pleased that Latexx shareholders have accepted our offer in such great number and within a short period of time”, says Thomas Fahnemann, CEO of Semperit Group. “This confirms the compelling value proposition we made a month ago by scaling up our expertise in quality, sales and distribution with one of the major production hubs in the global glove industry. This strengthens our confidence that we will not only meet our medium-term target for revenue growth and EBIT margin but enter a new league of top players in the industry.”
About Semperit
The publicly listed company Semperit AG Holding is a group operating internationally, which develops, produces and markets highly specialised products made of rubber and plastics (examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, building construction profiles, cable car rings and railway superstructure products) in the Medical and Industrial Business Sectors. The headquarters of this well-established Austrian company, whose roots date back to 1824, are located in Vienna, whereas the global R&D centre is in Wimpassing, Lower Austria. Semperit employs a workforce of about 8,100 people worldwide, of whom more than 5,600 work in Asia and more than 700 work in Austria. The Group encompasses 21 production facilities as well as numerous sales offices in Europe, Asia and the Americas. In 2011 the Group generated revenue of EUR 820 million and an EBIT of EUR 83 million.
About Latexx Partners
Latexx Partners is the world’s sixth largest and one of the leading medical gloves producers in Malaysia. The company owns six manufacturing plants. Latexx Partners distributes its gloves to 80 countries, serving more than 300 customers. Latexx Partners employs more than 2,000 people. In 2011 the company generated revenue of MYR 441 million (EUR 104 million) and an EBIT of MYR 66 million (EUR 16 million).
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