Renewable Energy Group, Inc. (NASDAQ: REGI) announced that its wholly-owned subsidiary, REG European Holdings B.V., commenced a cash tender offer on November 13, 2015 for all of the outstanding shares of Petrotec AG (other than Petrotec shares owned by REG European Holdings B.V.).
REG European Holdings B.V. previously purchased Petrotec shares pursuant to a tender offer for the outstanding no-par value, bearer, ordinary, voting shares of Petrotec (ISIN DE000PET1111) from all shareholders at a purchase price of EUR 1.00 per share, payable in cash, without interest and subject to any applicable tax withholdings. On October 9, 2015, the Petrotec shares were delisted from the Frankfurt Stock Exchange. As of November 19, 2015, REG European Holdings B.V. owned 21,196,483 shares of Petrotec, representing approximately 86% of Petrotec's outstanding shares as of such date.
Pursuant to an offer document dated November 13, 2015, REG European Holdings B.V. is making a subsequent offer to acquire all of the remaining no-par value, bearer, ordinary, voting shares of Petrotec from all shareholders (other than REG European Holdings B.V.) at a purchase price of EUR 1.00 per share, payable in cash, without interest and subject to any applicable tax withholdings. The tender offer will expire on December 11, 2015, unless extended by REG European Holdings B.V.
Publication of the offer document has been made with the German Federal Gazette (Bundesanzeiger) and for the depositary banks through the securities information services (Wertpapiermitteilungen). Petrotec shareholders intending to accept the tender offer should contact their depositary bank. The depositary bank may contact the settlement agent BHF BANK in Frankfurt/Main for further details.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell Petrotec shares. The offer is made only by the offer document, dated November 13, 2015, and the related acceptance documentation and any amendments or supplements thereto, and is being made to all holders of Petrotec shares (other than REG European Holdings B.V.). The offer is not being made to (nor will tenders be accepted from or on behalf of) holders of Petrotec shares in any jurisdiction in which the making of the offer or the acceptance thereof would not be in compliance with the securities or other laws of such jurisdiction.
THE OFFER AND THE RELATED ACCEPTANCE MATERIALS CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER.
About Renewable Energy Group
Renewable Energy Group, Inc. is a leading North American advanced biofuels producer and developer of renewable chemicals. REG utilizes a nationwide production, distribution and logistics system as part of an integrated value chain model to focus on converting natural fats, oils and greases into advanced biofuels and converting diverse feedstocks into renewable chemicals. With 11 active biorefineries across the U.S., research and development capabilities and a diverse and growing intellectual property portfolio, REG is committed to being a long-term leader in bio-based fuels and chemicals.
For more than a decade, REG has been a reliable supplier of advanced biofuels which meet or exceed ASTM quality specifications. REG sells REG-9000™ biomass-based diesel to distributors so consumers can have cleaner burning fuels that help diversify the energy complex and increase energy security. REG-9000™ biomass-based diesel is distributed in most states in the US. REG also markets ultra-low sulfur diesel and heating oil in the northeastern and midwestern US. For more information on REG visit our website at www.regi.com.
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Contacts:
Renewable Energy Group, Inc.
Anthony Hulen, +1-703-822-1972
Executive Director, Corporate Affairs
anthony.hulen@regi.com