Grupo Dragados, S.A. and Hollandsche Beton Groep nv jointly announce that Dragados declares the public offer for all outstanding ordinary shares in HBG unconditional.
Upon the end of the acceptance period on 10 April 2002, 15.00 hours Dutch time, 35.182.968 ordinary shares in the share capital of HBG have been tendered for acceptance. Upon acquisition of the tendered Shares Dragados will in total hold approximately 98.9 % of the Shares held by other parties than HBG.
Holders of Shares will be able to tender for acceptance Shares, which not have already been tendered for acceptance, until ultimately 25 April 2002, 15.00 hours Dutch time on the same manner and under the same conditions as mentioned in the Offer Document and the advertisements dated 15 and 16 March 2002.
On 17 April 2002 payment of EUR 21.25 for each tendered and settled Share will be made in accordance with the conditions mentioned in the Offer Document. On 29 April 2002 payment of EUR 21.25 for each tendered and settled Share during the extension of the acceptance period will be made in accordance with the conditions mentioned in the Offer Document.
(source> HBG and Grupo Dragados)