Hawesko Holding invites shareholders to an extraordinary general meeting

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Hawesko Holding invites shareholders to an extraordinary general meeting

Hamburg, 19 December 2014 – In view of the takeover offer of Tocos Beteiligung GmbH, the management board of Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) is inviting the shareholders of the company to an extraordinary general shareholders’ meeting. It will take place on 26 January 2015 at 11:00 at Stage Operettenhaus, Spielbudenplatz 1, 20359 Hamburg.

Tocos Beteiligung GmbH is offering to buy the shares of each shareholder at a price of EUR 40.00 per share. The management board and supervisory board of Hawesko Holding designated this offer as financially inadequate in separately reasoned opinions and recommended that the shareholders refrain from submitting their shares for sale.

At the general meeting the shareholders will have the opportunity to obtain comprehensive information about all important aspects of the offer as well as the latest developments in conjunction with the offer and to discuss these. This includes the appropriateness of the offer price, the intended reduction of the dividend and the future orientation of business operations and strategy as well as the plan for generational change in the management board and its effect on the company. The management of the company will naturally be available to the shareholders to answer questions on all of these aspects. No formal resolutions on these matters will be made at the extraordinary general meeting.
‘We want to ensure that our shareholders have plenty of time to think their decisions through thoroughly. In addition, the principles of good management require that we offer shareholders a platform for the exchange of opinions and discussion, so that they can make a decision based on the best information available as whether to accept or to reject the offer from Tocos,’ said Ulrich Zimmermann, CFO of Hawesko Holding.

The convening of the extraordinary general meeting will extend the acceptance period for the takeover offer presumably until 29 January 2015.

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Hawesko Holding AG, 20247 Hamburg



Press/Media Contact and Investor Relations:

Thomas Hutchinson, Hawesko Holding AG

Phone: +49 (0)40 30 39 21 00

Fax +49 (0)40 30 39 21 05

E-mail: ir@hawesko-holding.com

Quelle: EQS