AMSTERDAM, Aug. 23, 2016 /PRNewswire/ -- AVG
Technologies N.V. (NYSE: AVG), the online security company™,
announced that, during an extraordinary general meeting of
shareholders (EGM) held today, AVG's general meeting adopted the
proposed resolutions relating to the previously disclosed tender
offer by Avast Software B.V. (Avast), a direct wholly owned
subsidiary of Avast Holding B.V. (Parent), to purchase all of the
outstanding shares of AVG. These matters are described in greater
detail in the EGM agenda dated July 13,
2016 (the Agenda) disclosed previously by AVG. Capitalized
terms used but not defined in this press release will have meanings
as set forth in the Agenda.
On July 29, 2016, Avast commenced
a tender offer to acquire all outstanding shares of AVG at a
purchase price of $25.00 per share,
in cash, without interest and less any applicable withholding taxes
or other taxes. The tender offer is set to expire at 11:59 p.m. New York
City time on August 31, 2016,
unless extended, as described in detail in the tender offer
statement on Schedule TO filed by Avast and Parent with the U.S.
Securities and Exchange Commission (the SEC) on July 29, 2016, as amended (the Schedule TO). The
tender offer remains subject to certain conditions, as described in
the Schedule TO, including the condition that at least 80% of AVG's
outstanding shares be validly tendered and not withdrawn prior to
the expiration of the offer.
About AVG Technologies (NYSE: AVG)
AVG is the leading provider of software services to secure
devices, data and people. AVG's award-winning consumer portfolio
includes internet security, performance optimization, location
services, data controls and insights, and privacy and identity
protection, for mobile devices and desktops. The AVG Business
portfolio, delivered through a global partner network, provides
cloud security and remote monitoring and management solutions that
protect small and medium businesses around the world. For more
information visit www.avg.com.
All trademarks are the property of their respective owners.
www.avg.com
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
SOME OF THE STATEMENTS CONTAINED HEREIN ARE FORWARD-LOOKING
STATEMENTS, INCLUDING STATEMENTS REGARDING THE EXPECTED
CONSUMMATION OF THE ACQUISITION OF AVG, WHICH INVOLVES A NUMBER OF
RISKS AND UNCERTAINTIES, INCLUDING THE SATISFACTION OF CLOSING
CONDITIONS FOR THE ACQUISITION AND OTHER RISKS AND UNCERTAINTIES
DISCUSSED IN AVG'S PUBLIC FILINGS WITH THE SEC, INCLUDING THE "RISK
FACTORS" SECTIONS OF AVG'S ANNUAL REPORT ON FORM 20-F FOR THE YEAR
ENDED DECEMBER 31, 2015, AS WELL AS
THE TENDER OFFER DOCUMENTS FILED BY AVAST AND PARENT AND THE
SOLICITATION/RECOMMENDATION STATEMENT FILED BY AVG. THESE
STATEMENTS ARE BASED ON CURRENT EXPECTATIONS, ASSUMPTIONS,
ESTIMATES AND PROJECTIONS, AND INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE RESULTS TO BE
MATERIALLY DIFFERENT FROM ANY SUCH FORWARD-LOOKING STATEMENTS.
THESE STATEMENTS ARE GENERALLY IDENTIFIED BY WORDS OR PHRASES SUCH
AS "BELIEVE", "ANTICIPATE", "EXPECT", "INTEND", "PLAN", "WILL",
"MAY", "SHOULD", "ESTIMATE", "PREDICT", "POTENTIAL", "CONTINUE" OR
THE NEGATIVE OF SUCH TERMS OR OTHER SIMILAR EXPRESSIONS. IF
UNDERLYING ASSUMPTIONS PROVE INACCURATE OR UNKNOWN RISKS OR
UNCERTAINTIES MATERIALIZE, ACTUAL RESULTS AND THE TIMING OF EVENTS
MAY DIFFER MATERIALLY FROM THE RESULTS AND/OR TIMING DISCUSSED IN
THE FORWARD-LOOKING STATEMENTS, AND YOU SHOULD NOT PLACE UNDUE
RELIANCE ON THESE STATEMENTS. PARENT, AVAST AND AVG DISCLAIM ANY
INTENT OR OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS AS A
RESULT OF DEVELOPMENTS OCCURRING AFTER THE PERIOD COVERED BY THIS
REPORT OR OTHERWISE.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
THIS COMMUNICATION IS FOR INFORMATIONAL PURPOSES
ONLY AND DOES NOT CONSTITUTE AN OFFER TO PURCHASE OR A SOLICITATION
OF AN OFFER TO SELL AVG SHARES. THE SOLICITATION AND OFFER TO BUY
AVG SHARES WILL ONLY BE MADE PURSUANT TO THE OFFER TO PURCHASE AND
RELATED MATERIALS FILED BY AVAST WITH THE SEC. AVG HAS FILED A
SOLICITATION /RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WITH THE
SEC. INVESTORS AND SECURITY HOLDERS MAY OBTAIN A FREE COPY OF THESE
MATERIALS AND OTHER DOCUMENTS FILED BY PARENT, AVAST AND AVG WITH
THE SEC AT THE WEBSITE MAINTAINED BY THE SEC AT WWW.SEC.GOV.
INVESTORS AND SECURITY HOLDERS MAY ALSO OBTAIN FREE COPIES OF THE
SOLICITATION/RECOMMENDATION STATEMENT AND OTHER DOCUMENTS FILED
WITH THE SEC BY AVG AT WWW.AVG.COM.
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SOURCE AVG Technologies