| Germany & Netherlands. SAME converts Deutz AG profit-sharing rights and bonds |
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| Thursday, 11 May 2006 | |
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Company news: The Management Board of Deutz AG has been notified that SAME DEUTZ -FAHR Holding & Finance B.V., Netherlands, a subsidiary of SAME DEUTZ-FAHR Group S.p.A., Italy, has exercised its right to convert the 998,163 profit-sharing rights into 9,981,630 no-par-value bearer shares of Deutz AG. SAME also converts its convertible bonds into shares of Deutz AG. With the conversion of the profit-sharing rights the SAME Group now holds more than 30 per cent of the shares of Deutz AG, exceeding the control threshold defined in the German Securities Acquisition and Takeover Act (WpÜG), and must therefore submit a mandatory bid to all shareholders. The Management Board and the Supervisory Board of Deutz AG have taken note of yesterday's announcement of a mandatory offer pursuant to the WpÜG and will comment accordingly once the offer documentation has been submitted. SAME has been a shareholder in Deutz AG since 2003 and exceeded the disclosure threshold of 25 per cent of its issued capital in July 2004. |
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| Last Updated ( Thursday, 11 May 2006 ) |
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