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Spyker N.V.

Spyker N.V.

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Publicatie datum 29 sep 2007 - 14:47
Statutaire naam Spyker N.V.
Titel SHAREHOLDERS OF SPYKER CARS APPROVE SALE OF SPYKER F1 TEAM
Bericht Zeewolde, 29 September 2007 - Spyker Cars N.V., Formula One constructor and manufacturer of exclusive premium sports cars, announces that at the extraordinary general meeting of shareholders held today, the shareholders of Spyker Cars N.V. approved the sale of its Spyker Formula One Team as part of its refinancing operations. Moreover the shareholders gave a mandate to the management and Supervisory Board of Spyker Cars N.V. to finalize the negotiations with the consortium of Watson Ltd. and Strongwind. Both parties entered into an exclusive 30 day negotiation period on the 31st August 2007 regarding the possible sale of the Spyker F1 Team to the consortium based upon an initial offer of EUR 80 million. As previously communicated, the subsequent negotiations have resulted in an increased offer of EUR 88 million. The exclusive negotiation period with the consortium ends at midnight on 30th September and minor (legal) conditions linked to this offer remain to be satisfied.