businesspress24.com - CANON HOLDS 84.65% OF OCÉ ORDINARY SHARES
 

CANON HOLDS 84.65% OF OCÉ ORDINARY SHARES

ID: 1011661

(Thomson Reuters ONE) -


This is a joint press release by Canon Inc., Canon Finance Netherlands B.V. and
Océ N.V. pursuant to article 17 paragraph 4 of the Dutch takeover decree
(Besluit openbare biedingen Wft) in connection with the recommended public offer
by Canon Finance Netherlands B.V. for all the issued and outstanding ordinary
shares in the capital of Océ N.V. This announcement is not for release,
publication or distribution, in whole or in part, in or into directly or
indirectly the United States and Canada.

20 March 2010 - Reference is made to the press release of 28 January 2010, in
which Canon Inc. ("Canon") and its subsidiary Canon Finance Netherlands B.V.
(the "Offeror") and Océ N.V. ("Océ") jointly announced that the Offeror is
making a fully self-funded public cash offer (the "Offer") for all the issued
and outstanding ordinary shares of Océ (the "Ordinary Shares") at an offer price
of EUR 8.60 per Ordinary Share and the press release of 4 March 2010, in which
the Offeror declared the Offer unconditional (gestand gedaan).

Post-acceptance period

10,297,246 Ordinary Shares were tendered for acceptance under the Offer during
the post-acceptance period (na-aanmeldingstermijn) that ended on 19 March 2010
at 17:30 hours CET (the "Post-Acceptance Closing Date"). The Ordinary Shares
tendered under the Offer during the post-acceptance period represent 11.79% of
the Ordinary Shares (including Océ's treasury shares) and have an aggregated
value of EUR 88,556,315.60.

Including the Ordinary Shares that were acquired in the market during the
post-acceptance period, the total number of Ordinary Shares held by or tendered
to the Offeror as of the Post-Acceptance Closing Date amounts to 73,934,429
Ordinary Shares, which represent 84.65% of the total number of Ordinary Shares
(including Océ's treasury shares).





The total number of shares held by or tendered to the Offeror (including Océ's
financing preference shares) as of the Post-Acceptance Closing Date represents
approximately 87.51% of the total issued share capital of Océ (including Océ's
treasury shares).

For more information



Canon

Jacqueline Lenterman

Citigate First Financial

Phone +31 20 575 4022

Mobile +31 6 461 79731

E-mail jacqueline.lenterman(at)citigateff.nl




For more information on Canon, visit the company's website: www.canon.com





Océ Investor Relations Océ Media Relations

Carlo Schaeken Jan Hol

Vice President Investor Relations Senior Vice President Corp.
Communications

Phone + 31 77 359 2240 Phone + 31 77 359 2000

E-mail investor(at)oce.com E-mail jan.hol(at)oce.com




For more information on Océ, visit the company's website: www.investor.oce.com




Disclaimer



This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice or an inducement to enter into investment activity. This announcement
does not constitute an offer to sell or issue or the solicitation of an offer to
buy or acquire the securities of Canon or Océ in any jurisdiction.



The distribution of this press release may, in some countries, be restricted by
law or regulation. Accordingly, persons who come into possession of this
document should inform themselves of and observe these restrictions. To the
fullest extent permitted by applicable law, Canon and Océ disclaim any
responsibility or liability for the violation of any such restrictions by any
person. Any failure to comply with these restrictions may constitute a violation
of the securities laws of that jurisdiction. Neither Canon, nor Océ, nor any of
their advisors assumes any responsibility for any violation by any person of any
of these restrictions. Any Océ shareholder who is in any doubt as to his
position should consult an appropriate professional advisor without delay.



This press release is also published in Dutch; the English version will prevail
over the Dutch version.



[HUG#1395891]





Press release (PDF): http://hugin.info/142411/R/1395891/352468.pdf





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Bereitgestellt von Benutzer: hugin
Datum: 20.03.2010 - 03:00 Uhr
Sprache: Deutsch
News-ID 1011661
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