Global Graphics Plc: Results Of The Initial Acceptance Period With Respect To The Mandatory Public Takeover Bid In Cash By Co...

 
TIDMGLOG 
 
 
   JOINT PRESS RELEASE BY CONGRA SOFTWARE SÀRL & GLOBAL GRAPHICS PLC 
-- REGULATED & PRIVILEGED INFORMATION 
 
   THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN 
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY 
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT 
LAWS OF THAT JURISDICTION. 
 
   THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF 
ARTICLE 7 OF REGULATION (EU) NO 596/2014 ON MARKET ABUSE REGULATION 
("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE 
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN FOR THE 
PURPOSES OF MAR. 
 
   CONGRA SOFTWARE AND GLOBAL GRAPHICS ANNOUNCE THE RESULTS OF THE INITIAL 
ACCEPTANCE PERIOD FOR THE MANDATORY PUBLIC TAKEOVER BID IN CASH BY 
CONGRA SOFTWARE FOR THE REMAINING ISSUED SHARE CAPITAL OF GLOBAL 
GRAPHICS 
 
   Cambridge, U.K. & Belgium 1 March 2019 (08:00 CET) 
 
   Global Graphics PLC (Euronext: GLOG) (Global Graphics) and Congra 
Software S.à.r.l. (Congra) announce the results of the initial 
acceptance period with respect to the mandatory public takeover bid in 
cash by Congra for all shares not yet owned by Congra (and its 
affiliates/concert parties) amounting to a total maximum of 64.11% 
(approximately) of the shares issued by Global Graphics (the Takeover 
Bid). 
 
   The initial acceptance period was launched on 24 January 2019 and ended 
on 25 February 2019 (inclusive) at 4:00 p.m. CET (3:00 p.m. GMT). During 
the initial acceptance period 1,680,099 shares of Global Graphics, 
representing 14.33% (approximately) of the voting rights in Global 
Graphics, were tendered in the Takeover Bid. In addition, during the 
initial acceptance period, 57,849 shares of Global Graphics, 
representing 0.49% (approximately) of voting rights in Global Graphics, 
were acquired through market order transactions. The price per share 
paid in these market order transactions amounted to EUR 4.25 or below. 
 
   As a result, at the end of the initial acceptance period, the Bidder 
together with Powergraph BVBA -- who is an affiliate and concert party 
of the Bidder and who holds 1,640,000 shares in Global Graphics 
(representing 13.99% (approximately) of the voting rights in Global 
Graphics) -- holds in aggregate 5,872,086 shares in Global Graphics, 
representing 50.09% (approximately) of the voting rights in Global 
Graphics. 
 
   The payment of the bid price for the tendered shares (amounting to EUR 
4.25 per share) will take place on 8 March 2019. 
 
   There will be no voluntary reopening of the Takeover Bid in accordance 
section 7.6(a) of the prospectus relating to the Takeover Bid. 
 
   Further information 
 
   This announcement is for information purposes only. It is not intended 
to, and does not, constitute or form part of any offer or invitation to 
purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, 
any securities or the solicitation of any vote or approval in any 
jurisdiction. 
 
   This announcement does not constitute a prospectus or a prospectus 
equivalent document. 
 
   The release, publication or distribution of this announcement in 
jurisdictions other than the United Kingdom or Belgium may be restricted 
by law and therefore any persons who are not resident in the United 
Kingdom or Belgium who are subject to the laws of any jurisdiction other 
than the United Kingdom or Belgium (including any jurisdiction where 
local laws or regulations may result in a significant risk of civil, 
regulatory or criminal exposure if information concerning Global 
Graphics or Congra or the transactions described in this press release 
is sent or made available to Global Graphics shareholders in that 
jurisdiction should inform themselves about, and observe, any applicable 
legal or regulatory requirements). Any failure to comply with applicable 
legal or regulatory requirements of any jurisdiction may constitute a 
violation of securities laws in that jurisdiction. To the fullest extent 
permitted by applicable law, Global Graphics and Congra disclaim any 
responsibility or liability for the violation of such restrictions by 
any person. 
 
   Enquiries 
 
   For Global Graphics 
 
 
 
 
Jill Taylor                             Graeme Huttley 
Corporate Communications Director       Chief Financial Officer 
Tel: [phone]                 Tel: [phone] 
E-mail: [e-mail]  E-mail: 
                                        [e-mail] 
--------------------------------------  -------------------------------------- 
 
 
   For Congra 
 
 
 
 
Mr. Joachim Van Hemelen 
CFO 
Tel: [phone] 
E-mail: mailto:[e-mail] [e-mail] 
------------------------------------------------------------------------ 
 
   About Congra 
 
   Congra is a holding company which, through its subsidiaries, develops 
and sells enterprise software for the graphics arts industry. The 
operating subsidiaries trade primarily under the name of HYBRID Software 
(https://www.hybridsoftware.com), selling their solutions including 
Cloudflow and Packz. Mr. Guido Van der Schueren is the controlling 
shareholder of Congra and has been Chairman of Global Graphics since May 
2014. 
 
   About Global Graphics 
 
   Through its operating subsidiaries, Global Graphics PLC 
https://www.globenewswire.com/Tracker?data=woOuDEYF4KsG18PP9v4WgERlQjpu-GES37kp9UkbEvK-YDpty1r-MET7-lwrlnykjVFm2fq34hUu1WgGAXIe35WiENCWInz-EGa_qkOD8nk= 
(Euronext Brussels: GLOG) is a leading developer of platforms for 
digital inkjet printing and type design and development. Customers for 
digital inkjet technology include press manufacturers such as HP, Canon, 
Durst, Roland, Hymmen and Mark Andy.  Those for font design include 
numerous international brands, from manufacturers such as Mercedes Benz 
and Siemens, to digital media and epublishing companies. 
 
   Global Graphics PLC is headquartered in Cambridge UK.  Its subsidiary 
companies are printing software developers Global Graphics Software 
https://www.globenewswire.com/Tracker?data=woOuDEYF4KsG18PP9v4WgKbS-_PWzLQznvHTjsQCVVdqMDQKob3omB-jOOR1528qrIgAWXDUjyJfJk5Vg1AgU5vIwrsbal-q-lpSRseEfayYsIT80O9Xb711-s07B4TwxSAzQ0LKqSJntW0ic8rclQ== 
; the type foundry, URW Type Foundry 
https://www.globenewswire.com/Tracker?data=EKxh2__a-adtFAbY9trU_5LAhHGPbvkgYtd_XO7sD7x5YjYEFBJJ28ibZdm5TBtF9V5IRt6XcSZTn7_vAJTcRkyAFpCQQyPBUZFtOxKGkxQ= 
, and the industrial printhead driver solutions specialists, Meteor 
Inkjet 
https://www.globenewswire.com/Tracker?data=9yZkeiAqnc7zR_H5d7XPBNalzv7VUEDblVYlIEtMSj09ZVV1ZG0Xnyc8_zhWHQsia99gBROIUqNpYIaIEjDDKyWAvZ-TFQkTwble3YvwokE= 
. 
 
 
 
 

(END) Dow Jones Newswires

March 01, 2019 02:00 ET (07:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.