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:

Dockwise

 

Fons van Lith

M: [phone] or T: [phone]

E: [e-mail]

 

Boskalis

Martijn L.D. Schuttevâer

T [phone]

E: [e-mail]

 

Background information:

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 information: www.dockwise.com

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.

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Source: Dockwise Ltd via Thomson Reuters ONE

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