Euler Hermes Group: Availability of the Response Offer Document and the "Other Information" Document of Euler Hermes Group in the context of the simplified cash tender offer initiated by Allianz SE
Not for distribution in the United States, Canada, Japan, Australia, South Africa, or Italy
This press release does not constitute an offer to purchase any securities
PRESS RELEASE DATED JANUARY 12, 2018
OF THE RESPONSE OFFER DOCUMENT AND
OF THE "OTHER INFORMATION" DOCUMENT RELATING IN PARTICULAR
TO THE LEGAL, FINANCIAL AND ACCOUNTING CHARACTERISTICS OF
EULER HERMES GROUP
IN THE CONTEXT OF
THE SIMPLIFIED CASH TENDER OFFER
FOR THE SHARES OF EULER HERMES GROUP
This press release was prepared by Euler Hermes Group (the "Company") and disseminated pursuant to the provisions of Articles 231-27, 3° and 231-28, I of the general regulation of the French Financial Markets Authority (Autorité des marchés financiers, the "AMF").
Pursuant to the provisions of Article L. 621-8 of the French Monetary and Financial Code (Code monétaire et financier) and Article 231-26 of its general regulation, the AMF granted visa no. 18-011 dated January 11, 2018 on the offer document prepared by the Company (note en réponse, the "Response Offer Document") in response to the simplified cash tender offer for the shares of the Company initiated by Allianz SE.
In accordance with the provisions of Article 231-28 of the general regulation of the AMF, the document setting forth the information relating in particular to the legal, financial and accounting characteristics of the Company (document "Autres informations", the ""Other Information" Document") was filed with the AMF on January 11, 2018.
In accordance with the provisions of Articles 231-27 and 231-28 of the general regulation of the AMF, the Response Offer Document and the "Other Information" Document are made available to the public.
The Response Offer Document and the "Other Information" Document are available on the website of Euler Hermes Group (www.fr.eulerhermes.com) and on the website of the AMF (www.amf-france.org). They are made available to the public free of charge at the registered office of Euler Hermes Group (1 place des Saisons, 92048 Paris-La Défense Cedex, France) and may be obtained free of charge by any person who requests it.
This press release is not an offer to purchase securities. The offer will be made only pursuant to the offer documentation which will contain the full terms and conditions of the offer. Any decision in respect of the offer should be made only on the basis of the information contained in such offer documentation.
This press release was prepared for information purpose only. The dissemination of this press release, the offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The offer is not made for persons subject to such restrictions, neither directly nor indirectly, and may not be accepted in any way from a country where the offer would be subject to such restrictions. Consequently, persons in possession of this press release shall inquire about potential applicable local restrictions and comply with them.
Euler Hermes Group excludes all liability in the event of any breach of the applicable legal restrictions by any person.
| Helpline for Euler Hermes Group shareholders: |
D.F. King Ltd French Retail investor helpline (Free phone) 0800 91 79 52
Institutional investor helpline (France) +33 1 87 21 06 04
Institutional investor helpline (International) +44 207 920 9700
| Media contacts: |
Romain Sulpice +33 (0)1 44 82 46 21
Euler Hermes Group
Jean-Baptiste Mounier +33 (0)7 89 20 34 97
Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than 100 years of experience, the company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in over 50 countries with 5,800+ employees. Euler Hermes is a subsidiary of Allianz, listed on Euronext Paris (ELE.PA) and rated AA- by Standard & Poor's and Dagong Europe. The company posted a consolidated turnover of €2.6 billion in 2016 and insured global business transactions for €883 billion in exposure at the end of 2016. Further information: www.fr.eulerhermes.com, LinkedIn or Twitter @eulerhermes.
Cautionary note regarding forward-looking statements: The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Euler Hermes Group's core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) persistency levels, (v) the extent of credit defaults, (vi) interest rate levels, (vii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (viii) changing levels of competition, (ix) changes in laws and regulations, including monetary convergence and the European Monetary Union, (x) changes in the policies of central banks and/or foreign governments, (xi) the impact of acquisitions, including related integration issues, (xii) reorganization measures, and (xiii) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The company assumes no obligation to update any forward-looking statement.