SeLoger.com Announces it Will File a Suit With the Paris Court of Appeal Against the AMF Conformity Decision on the Public Tender Offer Launched by Axel Springer AGBy Seloger.com, PRNE
Tuesday, November 30, 2010
PARIS, December 1, 2010 - The Supervisory Board of SeLoger.com, which met on 30 November
2010, examined the conformity decision made by the AMF on the cash tender
offer (the << Offer >>) filed by AS Online Beteiligungs GmbH, a subsidiary of
Axel Springer AG.
The Supervisory Board reiterates its concern that the terms
and conditions of the Offer might relate to an attempt of creeping takeover
of SeLoger.com, and also expresses its opposition against the absence of a
minimum acceptance threshold in the Offer.
Moreover, the Supervisory Board reaffirms that the Offer price
does not reflect the intrinsic value of the Company nor its growth potential,
and bases this view on the conclusions of the independent expert's report
disclosed in the Company's reply document, which was approved by the AMF on
29 November 2010.
As a consequence, the Company announces that it will file, as
soon as possible, a suit against this conformity decision with the Paris
Court of Appeal.
Finally, the Company announces that its Supervisory Board will
meet in the next few days to discuss various measures, which could in
particular require the convening of a General Meeting of its shareholders in
order to approve their terms and conditions.
SeLoger.com has been the specialist leader of on-line real
estate in France for the past 18 years. Its websites are available on any
screen (computer, mobile phone and connected TV) and every day millions of
French Internet users view the 1.1 million plus property ads posted by estate
professionals at any time, from wherever they may be.
Be it a purchase or rental, resale or property development, in
France or abroad, a business location or a demeure de charme, everyone can
satisfy their property project through one of the Group's 7 websites:
- www.seloger.com - www.selogerneuf.com - www.immostreet.com - www.bellesdemeures.com - vacances.seloger.com - construire.seloger.com - www.agorabiz.com.
The Group also provides real estate professionals the broadest
visibility of their ads with an audience of 3 million unique visitors and
close to 15 minutes viewing per visitor via its different websites.
It is also the number-one supplier of Internet websites for
real estate agencies and software transaction design for professionals with
Pericles (Source: Mediametrie // Nielsen Netratings).
SeLoger.com has been listed on Euronext Paris (compartment B) since 30
November 2006 and is part of the following indexes: SBF 250, CAC MID 100, CAT
IT and Euronext 100.
ISIN code: FR0010294595
Contacts SeLoger.com: Investors relations: Laurence Begonin Maury, Tel: +33-1-53-38-29-00, Laurence.maury at seloger.com; Brunswick: Marie-Laurence Bouchon, Alexandra van Weddingen, Tel: +33-1-53-96-83-83
Tags: December 1, France, Paris, SeLoger.com