Success of VINCI’s standing market offer for ASF shares

5 May 2006 - Finances

V- At the end of its standing market offer that ran from 30 March to 28 April 2006, VINCI holds 97.48% of the ASF shares and voting rights
- In the coming days, VINCI will file a public buyout offer followed by a compulsory buyout (offre publique de retrait suivie d’un retrait obligatoire (OPR/RO)) for the remaining 2.52%
- This transaction will be at the same price as the standing market offer (€51 per ASF share cum dividend or €49.80 ex dividend (1)).

The Autorité des marchés financiers (AMF) has just published the results of VINCI’s standing market offer for ASF shares. The offer was a great success, as 55,709,940 ASF shares were tendered, representing 90.54% of the total number of shares covered by the offer. VINCI today holds, directly and indirectly, 225,159,576 ASF shares, representing 97.48% of the share capital and voting rights.

In consequence, and in accordance with the undertakings made when the standing market offer was made, VINCI will, in the coming days, file a public buyout offer followed by a compulsory buyout (offre publique de retrait suivie d’un retrait obligatoire (OPR/RO)) for the remaining 2.52% publicly-held ASF shares. The price will be €51 per ASF share up to and including 23 May, which is the day before the payment of the ASF dividend of €1.20 per share relating to 2005, then €49.80 per share after payment of the dividend and until the end of the public offer and compulsory buyout. The details of this transaction will be subject to the opinion of the Board of Directors of ASF and to the acceptance and visa of the compulsory buyout document (note d’information) by the Autorité des marchés financiers, the AMF. The timetable of the buyout will then be fixed.

On completion of this transaction, VINCI will own 100% of ASF and ASF’s shares will be delisted from the Eurolist by Euronext Paris.

(1) The ASF dividend will be paid on 24 May 2006

This press release does not constitute an offer to the public.
This press release is not intended for dissemination in countries other than France. In certain countries, the dissemination of this press release, the public offer and its acceptance may be subject to specific regulations. In consequence, any persons in possession of this press release must inform themselves of any local restrictions that may be applicable and abide by them. VINCI assumes no responsibility for any violation by anyone of any applicable local rules.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.