ZENITEL NV 3D NV ('3d investors'), holding 47.87% of the total issued shares in Zenitel NV ('Zenitel'), has announced its intention to, via its subsidiary House of Thor BV, make a voluntary and conditional takeover bid, on all shares in Zenitel not yet held by 3d investors at a price of EUR 22.75 per share in cash.
If 3d investors should resolve to make a formal bid, full details thereof will be set out in a prospectus that will be submitted to the Belgian Financial Services and Markets Authority (FSMA).
As the takeover bid is launched by the controlling shareholder of Zenitel, the independent directors of Zenitel have appointed Degroof Petercam Corporate Finance SA/NV as independent expert to provide a valuation report in accordance with the applicable legal provisions. This valuation report will be attached as an annex to the prospectus.
Subject to the review by the board of directors of the prospectus, the directors of Zenitel who are not affiliated with 3d investors have unanimously decided to support and recommend the bid, under the conditions set forth in 3d investors' press release. The board of directors have thereafter adopted the same decision with unanimity. A detailed opinion will be set forth in the memory in reply, which will also be attached as an annex to the prospectus.
About Zenitel
Zenitel is a global player in the development and commercialisation of intelligent communication solutions where security, guaranteed availability and sound quality are essential. With nearly 120 years of experience, Zenitel has proven to be a reliable and quality provider of broadcast systems, intercom solutions and two-way radio. These systems interface with other security devices, enabling end users and integrators to build a comprehensive and integrated security solution that combines access control, video surveillance, digital messaging and other solutions. Today, Zenitel's customers include security service providers, companies and organisations active in the transportation and shipping sectors, healthcare institutions and industrial companies.
Zenitel employs approximately 300 people worldwide, is headquartered in Norway and sells its solutions under the Vingtor-Stentofon and Phontech brands.
More information can be found at www.zenitel.com.
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Zenitel NV published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 08:28:04 UTC
