The FINANCIAL — Following the counting of all acceptances, a total of 221,074 shares have been tendered to Scintilla AG during the main offer period in relation to its public tender offer to all shareholders of sia Abrasives Holding AG, Frauenfeld.
This represents 76.6 percent of all shares subject to the offer. Together with the shares it held at the date of the publication of the offer as well as the shares it has acquired in the market since and including the treasury shares held by sia Abrasives Holding AG, Scintilla AG holds in total 712,556 shares of sia Abrasives Holding AG, which corresponds to 95.0 percent of the shares and voting rights. Scintilla AG is a wholly-owned, indirect subsidiary of Robert Bosch GmbH, Stuttgart, Germany.
As of the end of the offer period, the offer condition is fulfilled. Scintilla AG declares the offer unconditional.
The additional acceptance period begins today, December 22, 2008 and ends on January 15, 2009 at 4pm CET. During this period all sia-share-holders who have not yet accepted the offer will have the opportunity to tender their shares. The offer price amounts to 435 Swiss francs per share in cash representing a premium of approx. 80 Swiss francs or 22.7 percent to the closing share price on August 25, 2008, the day prior to the publication of the pre-announcement by Behr Deflandre & Snozzi BDS AG.
Following the closing of the public offer, Bosch intends to delist the sia-shares and, provided all legal conditions are met, to request the cancellation respectively the indemnification of all shares not tendered into the offer. This may result in negative tax consequences for shareholders who have not accepted the offer as described under section K.6 of the offer prospectus dated 19. November 2008.
