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Friday 13 February, 2009

Takkt AG

Share buy-back tender offer of TAKKT AG: Accept...





Stuttgart, 13  February  2009. Based  on  the voluntary  fixed  price
public share buy-back tender offer by  TAKKT AG, which expired on  10
February 2009  at 24:00  hours (CET),  a total  number of  50,107,192
shares have been tendered.

The offer applied to up to 7,290,000 TAKKT shares corresponding to up
to 10  percent of  TAKKT AG's  share capital.  As a  total number  of
50,107,192 TAKKT  shares have  been  tendered during  the  acceptance
period, the  declarations of  acceptance have  been considered  on  a
pro-rata basis, in accordance with section 3.5 of the offer document.

The  calculated   pro-rata  allocation   quota  applicable   to   the
declarations of acceptance represents, after rounding to one  decimal
place, 14.5 percent.

TAKKT is extremely satisfied  with the results  of the public  tender
offer.

The acquisition  of its  own  shares has  a  positive effect  on  the
balance sheet structure with  regards to the  total cost of  capital.
The high and stable free cash flow generation - one of the  strengths
of the TAKKT business model - will allow the company taking advantage
of a higher  financial leverage through  an increased debt  structure
i.e. a lower equity ratio. In addition, the Group will maintain  full
financial flexibility for future  external and internal growth  after
this tender offer and a further planned special dividend payment.

The planned cancellation of the  repurchased shares will also  result
in positive effects  on the  future earnings  and the  cash flow  per
share.

Furthermore the  free  float  share  (currently  27.3  percent)  will
increase after  the  cancellation  of  the shares  to  more  than  29
percent, as the major shareholder Franz Haniel & Cie. GmbH, Duisburg,
has also participated in this offer.


Contacts:

Georg Gayer, Vorstandsvorsitzender                      Phone +49 711
                                                        34658-201
Dr. Florian Funck, Vorstand Controlling und             Phone +49 711
Finanzen                                                34658-207


E-Mail: [email protected]


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.




                                                       

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