Business News
Punch Graphix responds to termination of contemplated transaction between NPM and Punch International
Monday 10. May 2010 - Punch Graphix NV (Punch Graphix) announces that it has taken note of the withdrawal by NPM Capital NV (NPM) of its non-binding offer to Punch International NV (Punch International) to purchase the shares in the capital of Punch Graphix held by Punch International. Due to circumstances certain conditions precedent to the transaction were not met.
The contemplated mandatory offer by NPM on all other shares in the capital of Punch Graphix will consequently not take place. Further announcements will be made if and when circumstances so require.
Wim Maes, CEO of Punch Graphix: “This doesnt change our plans. Punch Graphix will continue to pursue its strategy for growth with the same vigour.”
This announcement is made pursuant to Section 5:25i of the Dutch Financial Supervision Act.