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Braas Monier Building Group S.A.: Response to Standard Industries Letter dated 25 September 2016

DGAP-News: Braas Monier Building Group S.A. / Key word(s): Miscellaneous

2016-09-26 / 15:31
The issuer is solely responsible for the content of this announcement.


Response to Standard Industries Letter dated 25 September 2016

The Board of Braas Monier notes the Standard Industries Letter dated 25 September 2016. The Board does not accept Standard Industries' assertion that the Letter to Shareholders of 23 September 2016 "contains a number of misleading statements and outright falsehoods" and will respond to the Standard Industries Letter in due course.

The Board continues unanimously to recommend that shareholders reject the offer of EUR 25 per share.

The Board is focused on maximizing the value and position of all stakeholders over time. To the extent that the Board receives a takeover or merger proposal which offers fair and appropriate value, such a proposal would receive full consideration.

In the meantime, Shareholders are asked to continue their support of the Board and await further developments.

The Board of Braas Monier is being advised by Rothschild in relation to this matter. Scott Harris is advising the Board in relation to shareholder engagement.

Contact
Braas Monier Building Group: Achim Schreck
Director Group Communications / Investor Relations
Tel: +49 6171 61 28 59

Rothschild: John Deans Scott Harris: Alice Squires
Tel: +44 20 7280 5000 Tel: +44 207 653 0030



2016-09-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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