HELSINKI--(BUSINESS WIRE)--Regulatory News:
The actual acceptance period in the tender offer (the “Offer”) by Geberit AG (“Geberit”) concerning all outstanding shares in Sanitec Corporation (STO:SNTC) (“Sanitec”) ended on 2 February 2015 at 5 p.m. (CET). Zeres Capital AB had on 14 October 2014 notified Sanitec that it had signed an irrevocable undertaking to sell all of the shares held by Zeres Public Market Fund in Sanitec to Geberit in the Offer. According to the notification Zeres Public Market Fund is a Swedish special fund managed by Zeres Capital AB. Zeres Capital AB is a fund management company regulated by the Swedish FSA.
Sanitec has today received from Zeres Capital AB a new notification pursuant to chapter 9, section 5 of the Finnish Securities Markets Act. According to the notification, the ownership of Zeres Capital AB in Sanitec through Zeres Public Market Fund decreases to zero pursuant to the settlement of the trades in the Offer on 10 February 2015.
Sanitec has currently 100,000,000 registered shares, each share entitling to one vote at the general meeting of shareholders.
About Sanitec – “Home of the Bathroom”
Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio of some of the most well-known brands with deep roots in the European fixtures markets, strategically positioned to address local markets. We care passionately about people’s needs when it comes to complete bathroom concepts, providing products that stand for guaranteed quality, high level of innovation and attractive design. Stable relationships with key stakeholders in the value chain and our unique brand strengths foster our leading position as well as the loyalty and trust amongst our customers, our network of installers and the end users of our products.
Sanitec operates an integrated European group with an unparalleled local presence to provide the best value when it comes to bathroom products. In 2013 net sales amounted to EUR 702 million. Our production network includes 18 production facilities throughout Europe and currently Sanitec employs approximately 6,200 people. Our head office is located in Helsinki, Finland. The shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol “SNTC”.
For more information about Sanitec, please visit www.sanitec.com.
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