Wessanen announces issuance of shares to employees to meet existing obligations under employee incentive plans and other disclosures

This is a press release by Koninklijke Wessanen N.V. ("Wessanen" or the "Company") pursuant to the provisions of Sections 5 paragraph 4 and 6 paragraph 2 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the "Decree") in connection with the intended public offer by Best...

London, 02/05/2019 (informazione.news - comunicati stampa - cibi e bevande)

Amsterdam, the Netherlands, 2 May 2019 - Following the announcement on 10 April 2019 that Wessanen and the Offeror reached conditional agreement on a recommended all-cash public offer for all issued and outstanding ordinary shares of Wessanen (the "Shares"), the Dutch public offer rules require Wessanen to announce in a press release all transactions by Wessanen relating to the Shares in its capital. Accordingly Wessanen makes the disclosures below.

Today, in order to meet its obligations under its Long Term Incentive Plan (the "LTIP") and its Share Matching Plan (the "SMP"), Wessanen issued a total number of 190,871 new Shares with a nominal value of EUR 1.00 each to 60 eligible employees. This group of eligible employees consists of a member of the executive board of Wessanen and certain managers and (senior) employees of Wessanen. The Shares were issued at par value, and, in accordance with the LTIP and SMP, with no consideration payable by the eligible employees.

Following the issuance of such new Shares the total number of issued and outstanding Shares is 76,735,499. Wessanen does not hold any Shares in its own capital.

In addition, Wessanen today, acting on behalf of the eligible employees, sold 85,604 of the 190,871 newly issued Shares (details can be found in table below). The reasons for selling such 85,604 newly issued Shares are twofold:

The 85,604 newly issued Shares were sold in one transaction, therefore the highest price per Share paid in this transaction is equal to the volume weighted average price of EUR 11.48 per Share.

Wessanen does not hold any shares in the capital of the Offeror. Other than the shareholding described in the announcement of 10 April 2019, Wessanen is not aware of the Offeror, PAI or Jobson holding Shares in Wessanen).

Wessanen will make filings and/or further announcements in relation to aforementioned transactions in accordance with applicable laws.

Hill+Knowlton Strategies
Ingo Heijnen
Phone +31 6 55867904
Ingo.Heijnen@hkstrategies.com