With reference to the joint press releases of Dr. Reddy’s (NYSE: RDY) and OctoPlus (NYSE Euronext Amsterdam: OCTO), issued on 22 October 2012 and 13 December 2012 respectively, the Offeror and OctoPlus hereby jointly announce that the Offeror declares the Offer unconditional.
Results Offer Period
During the Offer Period, which ended at 18.00 hours CET on 8 February 2013 (the “Closing Date”), 37,233,244 Shares, representing 70.7% of the Shares and a value of EUR 19,361,286.88, have been tendered for acceptance under the Offer. 1
1 The Company does not hold any Shares in treasury.As a result the Offeror’s shareholding is composed as follows:
|Number of Shares||Percentage of Shares|
|Shares tendered under the Offer||37,233,244||70.7%|
|Shares acquired by the Offeror during the Offer Period||11,575,394||22.0%|
|Total Shares tendered and acquired||48,808,638||92.7%|