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Braas Monier Building Group S.A.: Possible Offer

Braas Monier Building Group S.A. / Key word(s): Offer
14.09.2016 08:00

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Braas Monier Building Group S.A.: Possible Offer

Luxembourg, 14 September 2016. 40 North Management LLC ("40 North") which owns 29.1% of Braas Monier's outstanding share capital, yesterday informed Braas Monier that its affiliate Standard Industries intends to make a takeover offer for Braas Monier at EUR 25 per share in cash.
Braas Monier understands that on 13 September 2016 Standard Industries entered into an irrevocable undertaking with Monier Holdings S.C.A. in respect of around 10% of Braas Monier's share capital and intends to enter into an irrevocable agreement with 40 North in respect of its 29.1% shareholding in Braas Monier.

Braas Monier understands that Standard Industries intends to announce an offer on Monday 19 September 2016 at EUR 25 per share in cash.
The Board of Directors of Braas Monier does not support this proposal as EUR 25 per share significantly undervalues the company and its future prospects. Nor does this offer price reflect the value of the synergies which would accrue to Standard Industries by Braas Monier being part of the same group as Icopal, a major competitor in the European roofing market. The Board of Directors of Braas Monier will not recommend an offer of EUR 25 per share if it is made.

In the meantime, shareholders are advised to take no action and await further developments.

Braas Monier is being advised by Rothschild in relation to this matter.
About Braas Monier
Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 36 countries and 118 production facilities and employed around 7,700 people as at 30 June 2016. The Company is headquartered in Luxembourg.

Achim Schreck
Director Group Communications / Investor Relations Braas Monier Building Group

Tel: +49 6171 61 28 59

14.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Braas Monier Building Group S.A.
              4, rue Lou Hemmer
              1748 Senningerberg
              Grand Duchy of Luxembourg
ISIN:         LU1075065190
WKN:          BMSA01
Indices:      SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,               Tradegate Exchange
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