Company Announcement to the Danish Financial Supervisory Authority No. 11-2012, 2 March 2012
As a consequence of Weir Group's appeal of the Australian Takeovers Panel's Declaration and Orders (the Initial Decision) of 27 February 2012 regarding offer to acquire the Australian company Ludowici (see Company announcement no. 10-2012), FLSmidth has today lodged a contra-appeal. The Takeovers Panel found in its decision that FLSmidth was not prevented from increasing its bid for Ludowici, but that FLSmidth's correction on 31 January 2012 of the Reuters article published on 23 January 2012 should have been made earlier. As a consequence thereof, FLSmidth was ordered to implement a process that may result in compensation to those Ludowici shareholders who may have suffered a loss by selling Ludowici shares in the period from 23 January 2012 until 31 January 2012 in reliance on FLSmidth's statement of 23 January 2012.
The Takeovers Panel has as a consequence of Weir Group's appeal issued Interim Orders stating that both Weir Group and FLSmidth must refrain from taking any actions that may result in them acquiring interests in or control of Ludowici while the appeal process is pending.
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For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations