Pon Holding Wants 100% Ownership of Derby Cycle

CLOPPENBURG, Germany - Pon Holding Germany GmbH has published its offer document for its public takeover offer, which is aimed at the purchase of all shares in Derby Cycle AG. Today Pon Holding Germany holds 53.8% of Derby Cycle AG.

The offer document, which has been approved by the German Federal Financial Supervisory Authority, can be downloaded from the internet at www.pon.com, and is also available by way of so-called counter publicity. The acceptance period for the takeover offer commenced on October 21, 2011, and is to end on November 18, 2011. The price offered per Derby Cycle share amounts to 28 euro. Pon Holding Germany GmbH is fully owned by the Dutch company Pon Holdings B.V.

The takeover offer is subject to no conditions. The threshold of 50 percent plus one share in Derby Cycle that Pon was striving for was already exceeded in advance of the publication of the offer document on October 13. The German Federal Cartel Office also granted its approval to the merger on October 7.

The Management and Supervisory boards of Derby Cycle AG will now examine the offer documents, and issue a reasoned opinion on the takeover offer. Once it has been published, this opinion will be available on the website of Derby Cycle AG.