Schibsted ASA (SCH) - Schibsted increases its holding in Aspiro to 73.4 per cent during the extended acceptance period
(Thomson Reuters ONE) -
The Offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be accepted
from, or on behalf of, holders in, Australia, Canada, Japan, New Zealand, South
Africa or USA, or any other jurisdiction in which the making of the Offer, the
distribution of this press release or the acceptance of the Offer would
contravene applicable laws or regulations or require further offer documents,
filings or other actions in addition to those required under Swedish law.
Press release, 6 March 2012
Schibsted ASA (SCH) - Schibsted increases its holding in Aspiro to 73.4 per cent
during the extended acceptance period
Schibsted ASA ("Schibsted") announced on 12 January 2012 an offer to the
shareholders in Aspiro AB ("Aspiro" or the "Company") to acquire all the shares
in Aspiro for SEK 1.65 in cash per share (the "Offer"). Aspiro's Board of
Directors has, as previously communicated, unanimously[1] recommended the
Company's shareholders to accept the Offer, among others supported by an
independent fairness opinion. On 17 February 2012, Schibsted announced that it
completed the Offer and extended the acceptance period to 2 March 2012.
During the extended acceptance period, an additional 12,128,996 shares,
corresponding to 5.9 per cent of the share capital and votes in Aspiro, have
been tendered under the Offer. During the same period, Schibsted has also
acquired 7,941,393 shares, corresponding to 3.9 per cent of the share capital
and votes, outside the Offer. Together with the 131,346,607 shares held by
Schibsted at the end of the initial acceptance period, Schibsted today holds in
aggregate 151,416,996 shares, corresponding to 73.4 per cent of the share
capital and votes in Aspiro.
For those shareholders who have accepted the Offer during the extended
acceptance period, settlement is expected to commence, as previously
communicated, on or about 8 March 2012.
The Offer will not be extended any further. Schibsted has, however, decided to
acquire additional shares in Aspiro in the market under a limited period, if
possible.
As previously communicated, Schibsted will, in its capacity as majority
shareholder, and in cooperation with the Board of Directors of Aspiro, promote
that the Company is provided with new capital as soon as practically possible
after completion of the Offer. This capital increase should take place by way of
a new share issue with preferential rights for the existing shareholders.
Oslo, 6 March 2012
Schibsted ASA
The Board of Directors
The information in this press release was submitted for publication on 6 March
2012 at 08.30 (CET).
Media contact
For questions, please contact:
Trond Berger, CFO. Mobile: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations. Mobile: +47 415 08 733
For additional information about the Offer, please visit www.schibsted.com/en or
contact Nordea at
+46 8 678 04 40.
Important notice
The Offer is not being made to persons whose participation in the Offer requires
that any additional offer document is prepared or registration effected or that
any other measures are taken in addition to those required under Swedish law.
This press release and any documentation relating to the Offer are not being
distributed and must not be mailed or otherwise distributed or sent in or into
any country in which the distribution or offering would require any such
additional measures to be taken or would be in conflict with any law or
regulation in such country - any such action will not be permitted or sanctioned
by Schibsted. Any purported acceptance of the Offer resulting directly or
indirectly from a violation of these restrictions may be disregarded.
The Offer is not being made, directly or indirectly, in or into Australia,
Canada, Japan, New Zealand, South Africa or USA by use of mail or any other
means or instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex, telephone and the Internet) of interstate or foreign
commerce, or of any facility of national security exchange, of Australia,
Canada, Japan, New Zealand, South Africa or USA, and the Offer cannot be
accepted by any such use, means, instrumentality or facility of, or from within,
Australia, Canada, Japan, New Zealand, South Africa or USA. Accordingly, this
press release and any documentation relating to the Offer are not being and
should not be mailed or otherwise distributed, forwarded or sent into Australia,
Canada, Japan, New Zealand, South Africa or USA. Schibsted will not deliver any
consideration from the Offer into Australia, Canada, Japan, New Zealand, South
Africa or USA.
Statements in this press release relating to future status or circumstances,
including statements regarding future performance, growth and other trend
projections and the other benefits of the Offer, are forward-looking statements.
These statements may generally, but not always, be identified by the use of
words such as "anticipates", "intends", "expects", "believes", or similar
expressions. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
Schibsted and Aspiro. Any such forward-looking statements speak only as of the
date on which they are made and Schibsted has no obligation (and undertakes no
such obligation) to update or revise any of them, whether as a result of new
information, future events or otherwise, except for in accordance with
applicable laws and regulations.
[1] Trond Berger and Gisle Glück Evensen have not participated in Aspiro's Board
of Directors' evaluation of, or resolutions in connection with, the Offer. For
further information, please see section "Certain related party information" in
the offer document.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schibsted via Thomson Reuters ONE
[HUG#1591507]
Unternehmensinformation / Kurzprofil:
Datum: 06.03.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 121927
Anzahl Zeichen: 7753
contact information:
Town:
Oslo
Kategorie:
Business News
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