Provisional Interim Result regarding the Public Tender Offer for Henniez

   
Back to News archiveVevey, Switzerland,Nov 16, 2007

Nestlé announces the provisional interim result regarding the public tender offer of Nestlé Suisse for Henniez. As of the end of the offer period on 12 November 2007, Nestlé Suisse holds 39’441 Henniez shares which corresponds to 98.60% of the share capital and the voting rights of Henniez.

On 16 October 2007, Nestlé Suisse SA (“Nestlé Suisse”) launched the public tender offer (“the Offer”) for all publicly held registered shares (“SMH Shares”) of Sources Minérales Henniez SA (SMH). The offer period started on 16 October 2007 and expired on 12 November 2007, 4pm (CET) (“the Offer Period”).The offer price per SMH share amounts to CHF 5’303 net in cash (less the gross amount of any dilution effects, which become effective prior to the completion of the offer).

Provisional interim result
Until the expiry of the offer period, 14’778 SMH shares were tendered into the offer made by Nestlé Suisse. This corresponds to 96.36% of the issued, and at the time of the publication of the offer publicly held, 15’337 SMH shares.
Together with the 24’663 SMH shares acquired directly and indirectly through the purchase agreement with Mrs. Françoise Rouge and Messrs. Pascal and Nicolas Rouge, Nestlé Suisse holds in total 39’441 SMH shares, which corresponds to 98.60% of the share capital and the voting rights of SMH.

Satisfaction of the conditions
The offer is subject to the following condition:
No court and no other authority has passed a judgment or issued an order which prohibits or declares this offer or the execution of this offer unlawful.
Nestlé Suisse waives this condition and declares the offer successful.

Additional acceptance period
An additional acceptance period of ten trading days will run from 16 November 2007 to 29 November 2007 at 4pm (CET) in order for those holders of SMH shares who have not yet tendered them to be able to tender them into the offer.

Information and registration
Shareholders whose shares are deposited in a bank
Those shareholders of SMH who have deposited their shares in a bank in Switzerland and have not yet tendered into the offer will be informed by their bank and are invited to follow its instructions.

Shareholders who keep their shares at their place of residence
Those shareholders of SMH who keep their shares at their place of residence or in a bank safe and who have not yet tendered their shares into the offer will be informed by the share register and will be invited to follow its instructions.

Payment of the offer price
The payment for SMH shares validly tendered during the offer period will be made with value date 16 November 2007 (first execution date). For SMH shares validly tendered during the additional acceptance period the payment of the offer price will be made with value date 13 December 2007 (second execution date).

Delisting and cancellation of the shares
As outlined in section E.2 of the offer prospectus, Nestlé Suisse intends to delist the SMH shares and to apply for the cancellation of the non tendered SMH shares, in accordance with article 33 of the Swiss Federal Act on Stock Exchanges and Securities Trading.

Restrictions of the offer
Notably in the United States of America and United Kingdom. The exact wording can be found in the offer prospectus.

Mandated bank: CREDIT SUISSE

Sources Minérales Henniez SA
Shares with a nominal value of CHF 125.-
Value Number: 234 525
ISIN: CH 000 234525 1
Ticker Symbol: HIZN

Contacts:
Media: François-Xavier Perroud Tel.: +41-21-924 2596
Investors: Roddy Child-Villiers Tel.: +41-21-924 3622