Delisting of AM: Royal BAM Group controls 97.1% of shares and warrants AM (NL)

With reference to the press release dated 25 January 2006, Terra Amstel, a group company of Royal BAM Group, announces the following with respect to the recommended public offers for all issued and outstanding ordinary shares in the capital of AM (Shares), and for all issued and outstanding warrants, exchangeable for Shares (Warrants and together with the Shares, the Securities) (the Offers).

During the post-acceptance period before 15.00 hours on Friday 10 February 2006, 1,864,184 Shares (2.0% of the total outstanding Shares) are tendered under the Offers and are accepted by Terra Amstel. Together with the Securities tendered and accepted during the initial offer acceptance period and the Shares acquired trading on Euronext Amsterdam until 9 February 2006, Terra Amstel controls 96.9% of the Shares and 100.0% of the Warrants. This represents with 97.1% of the total outstanding Securities.

In conformity with the offer document, the delivery of the Shares to Terra Amstel and payment of the offer price of 10.15 in cash (cum dividend and other distributions) per Share (the Offer Price) to the shareholders, who have tendered their Shares during the post-acceptance before 15.00 hours (CET) on Friday 10 February 2006 through their (custodian)bank or (stock)broker to ING Bank N.V. will take place on 15 February 2006, whereby the Offer Price will be paid upon delivery of the corresponding tendered Shares. The Shares have to be delivered against payment to ING Bank N.V. in favour of NEGICEF 710NEC F with account number 2024705007.

Terra Amstel and AM have requested that Euronext Amsterdam de-list the Shares and Warrants from Euronext Amsterdam. The Shares and Warrants will be de-listed on Tuesday 14 March 2006, and Monday 13 March 2006 will be the last day that the Securities can be traded on Euronext Amsterdam.

Source: Koninklijke BAM Group/AM

Related News