Dockwise Ties the Knot with Boskalis

Press Release
Thursday, March 14, 2013

The outcome of last month's mandatory cash offer was that 99% of the Dockwise shares became committed to Boskalis.

Highlights:
    •    99% of the Shares committed to Boskalis
    •    No Post Closing Acceptance Period
    •    Settlement will take place on 20 March 2013
    •    Delisting from Euronext Amsterdam to occur on 12 April 2013

On 8, February 2013, Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Boskalis, launched a mandatory cash offer for all issued and outstanding ordinary shares of Dockwise (the Shares) at an offer price of EUR 18.50/ NOK 137.65 per Share cum dividend (the Offer).

Settlement
With reference to the offer document dated 8 February 2013 (the Offer Document), holders of Shares who have validly tendered and transferred (geleverd) their Shares for acceptance pursuant to the Offer prior to the expiry of the Offer Period will receive the Offer Price in respect of each Share tendered on 20 March 2013.
 
The Offer Price will be settled in cash in EUR with respect to Shareholders holding shares through Euroclear Nederland and Shareholders individually recorded in the register of members of Dockwise. The Offer Price will be settled in cash in NOK with respect to Shareholders holding shares through VPS.

Dockwise Ltd., a Bermuda incorporated Company, has a workforce of more than 1,400 people both offshore and onshore. The Company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors.

 


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