EANS-Adhoc: SAF AG
Decision of SAP AG to submit a voluntary public offer to
the shareholders of SAF Simulation, Analysis and Forecasting AG
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
intended offer
20.07.2009
Tägerwilen/Switzerland, 20 July 2009
SAP AG has informed SAF Simulation, Analysis and Forecasting AG ("SAF
AG") (ISIN CH0024848738) of its decision to announce to the
shareholders of SAF AG a public offer (cash offer) for the purchase
of their shares against payment of cash consideration (the "Offer").
The Offer will be made under certain conditions, about which the
shareholders will be informed, including the condition of approval by
the competent antitrust authorities.In analogous application of the German takeover code (Wertpapiererwerbs- und Übernahmegesetz), the offer document will be published shortly online at http://www.sap.com/investor.
The two principal shareholder of SAF AG, Dr. Andreas von Beringe, president of SAF's Board of Directors (Verwaltungsrat), and Prof. Dr. Gerhard Arminger, who together hold a total of 2,094,130 shares in SAF (approx. 37.8% of the outstanding share capital), have irrevocably agreed to accept such Offer for all of their shares provided that certain conditions are met, including a minimum offer price of EUR 10.50 per share.
The offer price will be at EUR 11.50 per share.
The Board of Directors of SAF AG will announce its reasoned opinion in due time in analogous application of Section 27 of the German Takeover Code.
Further information is available at www.saf-ag.com.
end of ad-hoc-announcement ========================================== ====================================== About SAF AG SAF Simulation, Analysis and Forecasting AG specializes in the development of automated ordering and forecasting software for retailers and industrial manufacturers. SAF deploys the demand chain management approach, which controls replenishment planning based on consumer demand patterns. SAF software assists users to realize substantial cost savings and optimizes general logistics conditions through its simulation capabilities. As a result, significant competitive advantages are achieved along the entire value chain: lower inventories, improved product availability, and last, but not least, a higher level of customer satisfaction.
SAF AG was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard Arminger. SAF shares are listed at the official market (Prime Standard) at the Frankfurt Stock Exchange (FWB). Today, the company employs approx. 100 people. Consolidated sales revenues for fiscal year 2008, were approx. 13.4 million EUR with consolidated profit of 2.1 million EUR according to IFRS statements. SAF's products are distributed in many European countries as well as in the United States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc., Grapevine, Texas and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting Slovakia s.r.o. with the focus on Nearshore- Development.
Forward Looking Statements and Estimates This information contains forward looking statements based on assumptions and estimates of SAF's Management Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and un-certainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2008. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so.
end of announcement euro adhoc
Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48
astrid.stroemer@saf-ag.com
Branche: Software
ISIN: CH0024848738
WKN: A0JD78
Index: Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade