Syngenta Shareholders Accept ChemChina Offer

Date:05-05-2017

China National Chemical Corporation (ChemChina) recently announced the provisional interim results for ChemChina’s offer to acquire Syngenta. At the end of the Main Offer Period on May 4, based on preliminary numbers, around 80.7 percent of shares have been tendered. Subject to confirmation in the definitive notice of interim results scheduled for May 10, the Minimum Acceptance Rate condition of 67 percent of issued Syngenta shares has been met.

The prospective timetable for the closing of the offer is as follows:

Wednesday, May 10, 2017       Definitive notice of the interim result of the Offer
Thursday, May 11, 2017            Start of the Additional Acceptance Period
Tuesday, May 16, 2017             Payment of Special Dividend to shareholders
Thursday, May 18, 2017            First Settlement
Wednesday, May 24, 2017       End of the Additional Acceptance Period
Friday, May 26, 2017                  Provisional notice of the end result of the Offer
(at the latest)           
Wednesday, May 31, 2017       Definitive notice of the end result of the Offer
Wednesday, June 7, 2017        Second Settlement

Further, as soon as permitted by law and applicable regulations, it is intended to de-list the shares from the SIX and to de-list the ADSs from the NYSE.