Sophos Holdings GmbH c/o DLA Piper UK LLP

  • WKN: -
  • Land: Deutschland

Nachricht vom 19.09.2008 | 15:25

Sophos Holdings GmbH: BMWi will not prohibit the public Takeover Offer made to the shareholders of Utimaco Safeware AG


Sophos Holdings GmbH / Offer/Mergers & Acquisitions

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this
announcement.
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Sophos Holdings GmbH: Satisfaction of an offer condition of the voluntary
public Takeover Offer made to the shareholders of Utimaco Safeware AG

On 21 August 2008, Sophos Holdings GmbH ('Offeror'), published an offer
document ('Offer Document') relating to a voluntary public takeover offer
to the shareholders of Utimaco Safeware AG, ('Utimaco AG') to acquire the
entire share capital, being all the no-par value bearer shares of Utimaco
AG (ISIN DE0007572406) ('Utimaco Shares') at a price of Eur 14,75 per
Utimaco Share in cash ('Offer'). The acceptance period for the Offer will
expire on 29 September 2008 at midnight Central European Daylight Saving
Time (6 pm Eastern Daylight Time), unless it is extended in accordance with
the statutory provisions of the German Securities Acquisition and Takeover
Act (WpÜG).

Pursuant to Section 12.3 of the Offer Document, the Offer and the share
purchase and transfer contracts to be concluded upon the acceptance of this
Offer are subject to certain conditions, including the condition precedent
(aufschiebende Bedingung) that between the date of the publication of the
Offer Document and the expiration of the Acceptance Period, the Federal
Ministry of Economics and Technology (Bundesministerium für Wirtschaft und
Technologie 'BMWi') has not prohibited the acquisition of 25% or more of
the voting rights of Utimaco AG by the Offeror pursuant to Section 7
paragraph 2 no. 5 of the Federal Act on Foreign Trade
(Außenwirtschaftsgesetz 'AWG') in connection with Section 52 of the Foreign
Trade Regulation (Außenwirtschaftsverordnung 'AWV').

On 18 September 2008, Sophos Public Limited Company, Abingdon, United
Kingdom ('Sophos Plc'), which is the controlling shareholder of the Offeror
concluded an agreement governed by public law (Öffentlich-rechtlicher
Vertrag) with the Federal Republic of Germany, being represented by the
BMWi ('Agreement'). According to the Agreement, which became effective upon
execution by the parties, the Federal Republic of Germany confirms that it
will not prohibit the acquisition of Utimaco AG by Sophos Plc in accordance
with Section 52, para. 2 AWV. Under the Agreement, the Federal Republic of
Germany, represented by the BMWi, has explicitly agreed with Sophos Plc,
that the acquisition of 25% or more of the voting rights in Utimaco AG may
be carried out following the entry into the Agreement. In addition the
parties to the Agreement have consented to the regulation, in accordance
with the Federal Act on Security Supersivision
(Sicherheitsüberprüfungsgesetz), of those products of Utimaco AG which have
been or are to be licensed by the Federal Agency for Security in
Information Technology (Bundesamt für Sicherheit in der
Informationstechnologie).

As a result of the obligation of the Federal Republic of Germany pursuant
to the Agreement not to prevent the satisfaction of the condition precedent
contained in Section 12.3 of the Offer Document, as from today it is
certain that the condition precedent contained in Section 12.3 of the Offer
Document has been satisfied.

In addition, the Offer and the share purchase and transfer contracts are
subject to further conditions precedent contained in Sections 12.1, 12.2
and 12.4 of the Offer Document, which have not yet been fulfilled.

Cologne, 18 September 2008

Sophos Holdings GmbH
19.09.2008  Financial News transmitted by DGAP
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