Voluntary tender offer to shareholders of PEGAS NONWOVEN

Prague Septenber 26th (PROTEXT)

R2G Rohan Czech s.r.o. (“R2G Rohan”) announces the close of its voluntary tender offer addressed to all shareholders of PEGAS NONWOVENS SA (“Pegas”) at a price of CZK 1,010 per share.

By the deadline of 5pm on 25 September 2017 R2G Rohan had received a total of 6,148,301 acceptances tendered in accordance with the terms and conditions of the offer. Upon settlement this will result in R2G Rohan acquiring 6,148,301 shares in Pegas, representing 70.16% of the share capital.

A further 686,452 acceptances, representing 7.83% of the share capital, remain under review by the agent and advisers to R2G Rohan. Settlement will occur no later than 5 October 2017.

Prior to the binding offer period R2G Rohan held 949,376 shares, representing 10.83% of the share capital. No shares were acquired during the binding period, other than through the offer. Without the acceptances under review, this will result in R2G Rohan holding upon settlement 7,097,677 shares in Pegas, representing 80.99% of the share capital.

Jakub Dyba, Head of Direct Investments, of R2G commented:

“We are pleased with the outcome of our voluntary tender offer, which confirms that the offer price was attractive to shareholders. As the new majority owner of Pegas, we look forward to working with management and supporting the strategic growth of Pegas in Europe and beyond.“

R2G Rohan is an investment vehicle indirectly owned by the Šlemr family foundation, and software pioneers and entrepreneurs, Eduard Kučera and Pavel Baudiš.

Pegas is a major manufacturer of nonwoven fabrics used mainly for personal hygiene products, to a lesser extent in construction, agriculture and medical applications. It is primarily active in markets in Europe, the Middle East and Africa.

R2G is a family office based in Prague, which was established by industrialist Oldrich Šlemr in August 2016.

 

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