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DGAP-Adhoc: RIB Software SE: Announcement of a public takeover offer by Schneider Electric//Conclusion of a Business Combination Agreement

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DGAP-Ad-hoc: RIB Software SE / Key word(s): Takeover/Takeover
RIB Software SE: Announcement of a public takeover offer by Schneider
Electric//Conclusion of a Business Combination Agreement

13-Feb-2020 / 07:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*Disclosure of an inside information pursuant to Article 17 of the
Regulation (EU) No 596/2014*

*- Announcement of a public takeover offer by Schneider Electric*

*- Conclusion of a Business Combination Agreement*

Schneider Electric announces voluntary public takeover offer based on a
Business Combination Agreement with RIB

Stuttgart, Germany, 13 February 2020. RIB Software SE ("*RIB SE*" or the
"*Company*") today entered into a business combination agreement with
Schneider Electric SE, which has its corporate seat in Rueil Malmaison,
France ("*Schneider Electric*"), and Rheingoldhöhe 50. V V AG (to be renamed
into Schneider Electric Investment AG) (the "*Bidder*"), an indirect
wholly-owned subsidiary of Schneider Electric. In accordance with the
business combination agreement, the Bidder today announced its decision to
launch a voluntary public takeover offer (_freiwilliges öffentliches
Übernahmeangebot_) to the shareholders of RIB SE for the acquisition of
all outstanding shares of RIB SE for a cash consideration of EUR 29.00 per
RIB share. The offer price includes a premium of 40.6 % on the XETRA closing
price of 12 February 2020.

The administrative board of RIB SE, which has approved the conclusion of the
business combination agreement, welcomes the announced takeover offer and
supports it within the framework of its legal obligations and subject to a
review of the offer document to be published by the Bidder. Following
publication of the offer document by the Bidder, the administrative board of
RIB SE will publish a reasoned statement on the takeover offer pursuant to
Section 27 of the German Securities Acquisition and Takeover Act
(_Wertpapiererwerbs- und Übernahmegesetz_).

Schneider Electric will support the growth strategy of RIB SE. The
conclusion of a domination and/or profit and loss transfer agreement
(_Beherrschungs- und/oder Ergebnisabführungsvertrag_) is currently not
planned.

The takeover offer will provide for a minimum acceptance threshold of 50%
(plus one RIB share) of the total share capital of the Company and will be
subject to the granting of merger control clearance and other regulatory
approvals as well as further customary conditions.

In connection with the takeover offer, RIB SE has undertaken to postpone the
annual general meeting which has been scheduled for 13 May 2020 until the
end of June 2020, i.e. until a date which is expected to be after the
settlement of the public takeover offer. The administrative board of the
Company will propose to the annual general meeting a dividend of EUR 0.12
per RIB share for the financial year ending on 31 December 2019.

The managing directors of the Company Thomas Wolf and Michael Sauer, as well
as their wives, and the managing director Mads Bording Rasmussen have
irrevocably undertaken towards the Bidder to tender half of the RIB shares
held by them, i.e. a total of 4,740,530 RIB shares, into the takeover offer.
This corresponds to approximately 9.13 % of the share capital of RIB SE. In
addition, the Company has undertaken towards the Bidder to tender 3,453,385
treasury shares held by the Company into the takeover offer. This
corresponds to approximately 6.65 % of the share capital of RIB SE.

With regard to the remainder, i.e. in the amount of further 9.13% of the
share capital of RIB SE, Thomas Wolf and Michael Sauer, as well as their
wives, and Mads Bording Rasmussen will remain shareholders of the Company
for the time being. They have entered into a shareholders' agreement with
the Bidder today which is subject to the completion of the takeover offer.
At shareholders' meetings to be held after completion of the takeover offer,
they will consult with the Bidder regarding the voting rights from the RIB
shares held by them and will jointly exercise their voting rights.
Furthermore, the voting rights from these shares will, in principle, be
exercised in accordance with the Bidder's instructions. In addition, Thomas
Wolf and Michael Sauer, as well as their wives, and Mads Bording Rasmussen
have the option, under the agreements with the Bidder, to sell the remaining
RIB shares amounting to approximately 9.13% of the share capital of RIB SE
to the Bidder at a later point in time.

13-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: RIB Software SE
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail: info@rib-software.com
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Indices: SDAX, TecDAX,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 974369

End of Announcement DGAP News Service

974369 13-Feb-2020 CET/CEST



(END) Dow Jones Newswires

February 13, 2020 01:00 ET ( 06:00 GMT)
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