Dockwise Ltd : Dockwise Ltd : Boskalis completes acquisition Dockwise
Remaining shares to be acquired pursuant to squeeze out by 26 April 2013
Breda/Papendrecht, 23 April 2013. Reference is made to the press release of 20
March 2013, whereby it was announced that Boskalis Holding B.V. (the Offeror),
a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis), had
initiated a compulsory acquisition of shares under Section 103 of the Bermuda
Companies Act to acquire all remaining shares in Dockwise Ltd (Dockwise) not
already held by the Offeror.
By the expiry of the statutory deadline of 22 April 2013, none of the
remaining shareholders had made any application to the Supreme Court in
Bermuda to appraise the value of the shares to be acquired by the Offeror.
Accordingly, all remaining shares in Dockwise will be acquired by the Offeror
on or about 26 April 2013 against payment of EUR 18.50 / NOK 137.65 in cash
per Dockwise share. Following such acquisition, the Offeror will hold 100% of
the shares in Dockwise.
For further information, please contact:
Fons van Lith
M: +31 (0)6 51 314 952 or T: +31 (0)76 5484116
Martijn L.D. Schuttevâer
T +31 (0)78 6969310
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than
1,400 people both offshore and onshore. The Company is the leading marine
contractor providing total transport services to the offshore, onshore and
yachting industries as well as installation services of extremely heavy
offshore platforms. The Group is headquartered in Breda, the Netherlands. The
Group's main commercial offices are located in the Netherlands, the United
States and China with sales offices in Korea, Australia, Brazil, Russia,
Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business
unit is headquartered in Fort Lauderdale and has an office in Italy. The
Dockwise Shipping network is supported by agents in Norway, Argentina and
Italy. To support all of its services to customers, the group also has three
additional engineering centers in Houston, Breda and Shanghai and operates a
fleet of 25 purpose-built semisubmersible vessels (including White Marlin).
Dockwise shares are listed on the Oslo Stock Exchange. For further
Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round solutions to
infrastructural challenges in the maritime, coastal and delta regions of the
world with the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition, Boskalis
offers a wide variety of marine services and contracting for the offshore
energy sector including subsea, transport and heavy lift (through Boskalis
Offshore) and towage and salvage (through SMIT). It also has strategic
partnerships in the Middle East (Archirodon) and in terminal services (Smit
Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in
around 75 countries across six continents. Including its share in
partnerships, Boskalis has approximately 14,000 employees. This press release
can also be found on our website www.boskalis.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Dockwise Ltd via Thomson Reuters ONE
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