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Macintosh Retail now holds 95.5% share capital of Brantano NV
Jan '08
Macintosh Retail Group announces that the number of shares and share options tendered by the expiry of the acceptance period relating to the offer for Brantano NV on December 21, 2007 were as follows:
- 2,729,900 shares (93.9% of all shares);
- 23,000 share options outstanding under 2004 share option plan (69.7% of all share options under 2004 plan); and
- 7,500 share options outstanding under 2005 share option plan (60.0% of all share options under 2005 plan).

This means that Macintosh Retail Group now holds 95.5% of the outstanding share capital of Brantano NV, thus satisfying the requirement that at least 85% of Brantano NV's outstanding share capital would have to be tendered in response to the offer. As a result, all three conditions of the offer have been met.

The offer made by Sumi NV, a Belgian subsidiary of Macintosh Retail Group N.V., will therefore go ahead.

Since the applicable statutory conditions have been met, Sumi NV will launch a squeeze-out bid lasting from Wednesday, January 2, 2008 to Tuesday, January 22, 2008 inclusive, based on the same offer price (€ 55.00 per share). The squeeze-out bid does not apply to the share options under the 2004 and 2005 share option plans.

Macintosh Retail Group operated 961 stores in the Netherlands, Belgium, France and Germany, with a total retail floor space of 525,000 m2. The majority of the stores are located in town centres, with Kwantum and GP Décors, in particular, occupying 150 stores at shopping centres on the outskirts of towns. Through its subsidiary Macintosh Hong Kong, Macintosh Retail Group has direct purchasing facilities for supplies made from countries in the Far East.

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