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25-07-2007 Further to the announcement of 26 June 2007, outlining the terms of the agreed intended recommended cash public offer by London Acquisition B.V., a newly incorporated holding company controlled by funds managed and advised by, or affiliated with Candover[1] ("London Acquisition" or the "Offeror") for all of the issued and outstanding ordinary shares (the "Shares") in the capital of Stork N.V. ("Stork" or the "Company") at an offer price of EUR 47 (the "Offer Price") in cash per ordinary share (the "Intended Offer"), Stork and London Acquisition today announce that they are making progress with the preparations required to proceed with the Intended Offer and expect to publish the Intended Offer documentation in the first half of August.
Following the first announcement of the Intended Offer on 26 June 2007, the draft offer memorandum has been filed with the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) (the "AFM"). The Offer Price is ex dividend, which reflects that the Company has paid the dividend over 2006 and has committed not to declare any dividends or distributions on Shares prior to settlement of the Offer.
Restrictions
This release does not constitute or form part of an offer to buy or subscribe for any securities by anyone in any jurisdiction. Nowhere outside the Netherlands any action is taken (nor will any action be taken) to make a public offer possible in any jurisdiction where such action would be required. This press release is also published in Dutch. This English version will prevail over the Dutch version.
For further information please contact:
Stork N.V.:
Dick Kors
Candover: Marek Gumienny
Tel: +44 (0) 20 7489 9848
or
Tulchan Communications
Susanna Voyle
Tel: +44 (0) 20 7353 4200
[1] Candover means Candover Investments plc and / or one or more of its subsidiaries, including Candover Partners Limited as Manager of the Candover 2005 Fund. PDF press release Candover 30 days
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