Pursuant to § 5 Abs 3 Übernahmegesetz ("ÜbG", takeover act), WAB Privatstiftung is disclosing that is has gained a controlling interest of BWT Aktiengesellschaft ("BWT") on September 13th, 2012, together with FIBA Beteiligungs- und Anlage GmbH and other parties acting in concert according to § 1 Z 6 ÜbG (together: "WAB Group"). WAB Privatstiftung is a private trust controlled by Mr. Andreas Weißenbacher within the meaning of the ÜbG.
Following the acquisition of 3,600 shares of BWT by FIBA Beteiligungs- und Anlage GmbH, the WAB Group is holding a total of 5,029,510 BWT shares (roughly 28.20% of the share capital) therefore reaching more that 30% of voting rights of all permanent voting rights.
Pursuant to § 22 Abs 1 ÜbG the WAB Group is obliged to make a mandatory takeover bid for all no-par bearer shares of BWT (ISIN AT0000737705) according to the stipulations of the ÜbG.
Aquivest GmbH, an indirect subsidiary of FIBA Beteiligungs- und Anlage GmbH, will presumably act as bidder and register within the legally required deadline of 20 stock exchange trading days with the takeover commission. The price of the offer will be EUR 16.00 per BWT share. As soon as the final details of the mandatory offer are fixed, the WAG Group will dislose them in line with the legal regulations unless the takeover commission is prohibiting the announcement of the bid.