Dai Nippon Printing Announces Takeover Offer for AUSTRIACARD HOLDINGS

Dai Nippon Printing Co., Ltd. (DNP) has declared a voluntary public takeover offer to acquire AUSTRIACARD HOLDINGS AG. The bid aims for control over all 36,353,868 outstanding ordinary shares, stipulating acceptance from shareholders holding more than 50% of voting shares, with a higher target of 75%. Shareholders are offered EUR 10 per share, marking a premium of about 23.8% over the May 12 closing price and 46.1% over the six-month average.

Key shareholder, Mr. Nikolaos Lykos, with 74.58% participation, has committed to accepting the offer. An agreement and a Memorandum of Understanding detailing the offer terms have been signed, with AUSTRIACARD’s management expressing support. Completion hinges on regulatory approvals and other conditions. Full details are to be provided in the offer document, accessible via various websites.