Christ Water Technology AG ("CWT") is pleased to announce that GLV holds ("GLV"; ticker symbols GLV.A, GLV.B / TSX), through its indirect subsidiary, Eimco Water Technologies GmbH, 92.60% of the shares of Christ Water Technology AG as of the expiration of the additional acceptance period for the voluntary public takeover offer on February 19th, 2010.
Eimco acquired 15,814,643 shares of CWT upon the closing of the voluntary public takeover offer pursuant to Section 25a Austrian Takeover Act. During the additional acceptance period 1,045,150 shares were tendered to Eimco. Payment and transfer of these shares will occur pursuant to the provisions of the takeover offer within 10 trading days. Furthermore, as of 19 February 2010, Eimco purchased 1,330,451 shares on the Vienna Stock Exchange. As a result, Eimco will hold 92.60% of shares with permanent voting rights in CWT upon final settlement of the shares tendered into the offer during the additional acceptance period.
The Management Board of Christ Water Technology AG hereby announces that Eimco, as the principal shareholder of CWT, has requested pursuant to the Squeeze-out Act (Gesellschafter-Ausschlussgesetz) that a resolution be adopted at the ninth annual general meeting to transfer all shares held by the remaining shareholders to Eimco as the principal shareholder.
For information:
Marc Barbeau, CA
Executive Vice-President and Chief Financial Officer
Tel: (514) 284-2224
Email: courrier@glv.com
www.glv.com