After careful consideration, the Board of Management and the Supervisory Board of Draka Holding N.V. ("Draka") are of the view that the unsolicited indicative non-binding proposal from Nexans is inadequate as it substantially undervalues Draka and does not address the position and legitimate interests of all stakeholders, nor the execution risk of the transaction as proposed by Nexans.
Draka will actively review its strategic alternatives, including continuing Draka's stated stand-alone strategy, and will evaluate these alternatives taking into account the interests of all its stakeholders, including its shareholders. In this context, Draka acknowledges Flint Beheer B.V.’s intention to exit as a Draka shareholder.
Draka will keep its shareholders and all other stakeholders informed of all significant developments, and will issue additional statements if and when appropriate.
This is an announcement in accordance with Section 5:25i paragraph 2 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).
NOTE FOR EDITORS: for more information, please contact:
Draka Holding N.V.
Michael Bosman
Director Investor Relations
+31 20 568 9805
michael.bosman@draka.com
Draka Holding N.V.