UNITED MINING INDUSTRIES COMPANY SJSC TADAWUL:9583:
LATEST DEVELOPMENTS REGARDING ANNOUNCEMENT ON RECEIVING NOTIFICATION FROM KNAUF INTERNATIONAL GMBH
UNITED MINING INDUSTRIES - ANNOUNCE KNAUF'S FIRM INTENTION TO MAKE TENDER OFFER TO ACQUIRE UP TO 100% OF REMAINING SHARES OF CO
PURSUANT TO TENDER OFFER, KNAUF TO ACQUIRE UP TO 5.1 MILLION SHARES IN UMI FOR CASH CONSIDERATION OF SAR 57/SHARE
ACQUISITION BY KNAUF PURSUANT TO TENDER OFFER MAY RESULT IN KNAUF HOLDING UP TO 100% OF UMI’S SHARE CAPITAL
IF TENDER OFFER IS FULLY ACCEPTED BY SHAREHOLDERS AGGREGATE CONSIDERATION PAYABLE BY KNAUF WILL AMOUNT TO SAR 293.5 MILLION
FOLLOWING COMPLETION OF TENDER OFFER, KNAUF INTENDS TO TAKE NECESSARY STEPS FOR DELISTING OF UMI FROM TADAWUL