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Green Earth Group NV M&A Activity 2015

May 8, 2015

3830_iss_2015-05-08_d8771deb-3c30-4b3d-8857-b01e75465bee.pdf

M&A Activity

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Press Release

  • Offer RSG BV increased
  • Resolution to cancel RSG NV removed from AGM agenda

On 7 May, the Management Board and the Supervisory Board (the 'Board') of Roto Smeets Group NV ('RSG NV') received an increase of the bid that six shareholders ('Major Shareholders') did on 30 March*. The increase means that the sale of Roto Smeets Group BV ('RSG BV') to a company controlled by six shareholders, results in a payout of € 4.124 per share RSG NV.

The increase stems from the agreement that the Major Shareholders have entered into with a company controlled by Mr. Geert Schaaij ('Schaaij') on sale of their interest in RGS NV (after the sale of RSG BV and payment of the previously announced purchase price). The Major Shareholders believe that the proceeds of this should benefit all shareholders of RSG NV and have increased their bid for the shares of RSG BV with the (net) proceeds from the transaction to € 13,571,100.

A consequence of the transaction is that RSG NV will not be liquidated. Schaaij will, after the sale of the shares RSG BV, the related benefit and a name change, continue the firm.

The Board believes that the increase is in the interest of the shareholders of RSG NV and therefore decided to remove the decision to liquidate RSG NV of the agenda of the General Meeting of Shareholders of RSG NV on 13 May.

Acceptance of the increased offer means that shareholders RSG NV can expect the payout after about four months after delivery of the shares RSG BV. A call for an Extraordinary General Meeting (EGM) and an explanation regarding the legal acts necessary to proceed the payout will soon follow.

Deventer, 8 May 2015

For more information: Joost de Haas, CEO Tel.: +31 570 69 49 01

* The increase of the bid by the six shareholders has been published in Dutch only and from today has been added to the documents provided for the Annual General Meeting on the website of Roto Smeets Group NV www.rotosmeetsgroup.nl).

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Roto Smeets Group NV is listed on Euronext Amsterdam and is one of the leading graphics printing companies in Western Europe. Roto Smeets Group consists of four divisions specialising in multimedia communications. Each division is specialised in one part of the communication chain (from creation to distribution), which results in the services connecting to each other seamlessly from beginning to end. More information is available at www.rotosmeetsgroup.nl under Brands and Services.

In the event of any difference of interpretation, the Dutch original of this English translation shall apply throughout this press release.