Expiration of post-acceptance: 99.67% of P&O Nedlloyd secured
Expiration of post-acceptance: 99.67% of P&O Nedlloyd secured
26 August 2005
With reference to the previous public announcements regarding the public offer by A.P. Møller – Mærsk A/S for all ordinary shares in the share capital of Royal P&O Nedlloyd N.V., A.P. Møller – Mærsk A/S announces that by the expiry of the post-acceptance period on 23 August 2005 at 15:00 hours (Amsterdam time), A.P. Møller – Mærsk A/S has secured a total of 99.67% of the shares.
Settlement
Payment for the shares that have been tendered during the post-acceptance period will take place no later than 2 September 2005.
Delisting
Royal P&O Nedlloyd N.V.'s listing on Euronext, Amsterdam will be terminated on 13 September 2005, and 12 September 2005 will be the last day that the shares can be traded on Euronext, Amsterdam.
Squeeze out
As more than 95% of the total issued and outstanding share capital of Royal P&O Nedlloyd N.V. has been acquired, A.P. Møller – Mærsk A/S will initiate the statutory squeeze out procedure contemplated by the Dutch Civil Code in order to acquire all shares held by minority shareholders.
