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Accell's Derby Stake Increases in Value

Published September 22, 2011

HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has taken notice of the intention of Pon Holdings B.V. to make a public offer for all outstanding shares of Derby Cycle
at a price of € 28 per share.

Accell Group announces that it does not intend to launch a
competing offer for Derby Cycle. A competing offer would create too little value and would burden the balance sheet of Accell Group too much.

The intended offer of Pon Holdings for Derby Cycle means a strong increase in value of Accell Group’s 22 percent stake in Derby.

Topics associated with this article: Earnings/Financial Reports

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