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.
Corporate Communications Director
Chief Financial Officer
Tel: +44 (0)1223 926489
Tel: +44 (0)1223 926472
Mr. Joachim Van Hemelen
Tel: +32 9 329 57 53
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 (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; the type foundry, URW Type Foundry, and the industrial printhead driver solutions specialists, Meteor Inkjet.