Erratum regarding the results of the tender offer

MEXICO CITY, Dec. 12, 2018 /PRNewswire/ -- Rassini, S.A.B. de C.V. (BMV: RASSINI) ("Rassini"), informs that GGI INV SPV, S.A.P.I. de C.V. ("GGI"), announced today that due to operational matters the results of the tender offer were inaccurately published on December 10, 2018 given they did not reveal the definitive number of securities acquired in the offer. Hence, a second registration date with the Mexican Stock Exchange will take place on December 13, 2018. As a result of the foregoing, this notice replaces the notice published on December 10, 2018.

Based on the definitive recount made by Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer, as broker, 59,939,356 Series "A" shares and 54,012,722 common share certificates were offered, which jointly represent 52.47% of Rassini's capital stock. Therefore, the level of acceptance considering the indirect ownership by GGI arose to 98.20%.

Pursuant to the informative brochure published by GGI, the exchange rate that will be used by GGI to convert dollars into pesos to pay the shares and the common share certificates amounts to MXN$20.38775 pesos.

About the Company:

Rassini is a leading designer and producer of suspension and break components for the global automotive industry, primarily focused on original equipment manufacturers (OEMs). Rassini is the largest producer of suspension components for light commercial vehicles and the largest vertically integrated producer of brake disks in America, it has eight manufacturing facilities strategically located in Mexico, United States of America and Brazil, as well as five technological centers located in the same countries. The Suspension business products include piers for light and commercial vehicles, springs and hubs. Brake disks, barrels, brake systems joints, as well as some clutch and motor balancers components are produce within the Brake business. The customer base is substantial and diversified, being the main customers: General Motors, Ford Motor Company, FCA, Nissan, Volkswagen, Toyota, MAN, Scania, Mercedes-Benz and Daimler, among others.

Edgar Landeros Mendoza
Rassini, S.A.B. de C.V.
Tel: (5255) 5229-58-76
E-mail: [email protected]
www.rassini.com

SOURCE Rassini, S.A.B. de C.V.

Related Links

https://www.rassini.com