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Notification on the change of significant shareholdings and the correction of the Notification on the result of the takeover bid

Pursuant to provisions of Article 124 of the Financial Instruments Market Act and the Rules of Ljubljana Stock Exchange, d.d., the company Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško, hereby publishes the information that it has been informed by the company Heineken International B.V., Tweede Weteringplantsoen 21, Amsterdam, the Netherlands (hereinafter: Heineken), on 19 January 2016, pursuant to Article 118 of the Financial Instruments Market Act, Article 5 of the Decision regulating the information on significant shareholdings and Circulation of the Securities Market Agency of 17 September 2014, that by 15 January 2016 – until expiration of the deadline for acceptance of the takeover bid which Heineken published on 17 November 2015 on the basis of approval of the Securities Market Agency No. 40201-14/2015-7 of 10 November 2015 – Heineken's offer (which followed the Heineken's acquisition of 53.43% of the issuer's shares on 15 October 2015) was accepted by shareholders who own 3,804,477 shares of the issuer Pivovarna Laško, public limited company (hereinafter: the Issuer) with the code PILR. Pursuant to the above, Heineken will exceed the significant shareholding threshold (75%) in the Issuer. Upon completion of the procedure according to the takeover bid, including the issuing of the decision of the Agency on the success of the bid and implementation of procedure for the transfer of shares, Heineken will hold a total of 8,478,418 shares of the Issuer with the code PILR, which constitutes 96.92% of all shares issued by the Issuer.

 

On 18 January 2016 Pivovarna Laško, d.d., summarised the Notification on the result of the takeover bid, published by the acquirer, Heineken International B.V., Amsterdam, through the authorised member ILIRIKA borzno posredniška hiša d.d. in the Delo newspaper on 18 January 2016. On 20 January 2016 the Delo newspaper published a correction of the Notification on the result of the takeover bid, since during the duration of the takeover bid the acceptors and/or shareholders accepted the bid for 227 shares more than specified in the initial notification. The correction of the Notification on the result of the takeover bid thus reads, as follows: "During the duration of the takeover bid, the bid was accepted by 4,030 acceptors or shareholders, who jointly held 3,804,477 shares of the target company, constituting 43.49% of all issued shares of the target company. Consequently, together with the 4,673,941 shares already held by the Acquirer on the date of publication of the takeover bid, the Acquirer now holds a total of 8,478,418 shares of the target company; i.e. 96.92% of all issued shares of the target company."

 

Laško, 20 January 2016        Management Board of Pivovarna Laško, d.d.