Ratos has acquired over 90% of the capital and votes in HL Display
(Thomson Reuters ONE) -
This information is disclosed in accordance with the Securities Markets Act
and NASDAQ OMX Stockholm's rules regarding public offers on the stock market.
This press release may not be distributed, directly or indirectly, in or into,
the United States of America, Australia, Canada, New Zealand, Switzerland, South
Africa or Japan. The Offer is not being made to (and acceptances will not be
accepted from) persons in those countries or elsewhere where their participation
requires further offer documents, filings or other measures in addition to those
required by Swedish law.
Ratos's offer to the shareholders of HL Display has been accepted by
shareholders representing 3,039,486 class B shares, corresponding to 9.8% of the
capital and 4.8% of the votes. Together with shares acquired outside the offer,
Ratos owns 98.7% of the capital and 99.4% of the votes in HL Display. The
acceptance period is extended until 27 August 2010.
Ratos announced on 2 June 2010 an offer to the shareholders of HL Display in
accordance with the mandatory bid rules to acquire all outstanding shares for a
cash consideration of SEK 49 per share. On 20 July 2010 it was announced that
approval from relevant competition authorities has been received and that
consequently all conditions for the offer have been fulfilled and that the offer
will be completed.
On 2 June 2010 Ratos owned (including shares acquired under the agreement with
the Remius family) 3,652,096 class A shares and 13,982,048 class B shares,
corresponding to 57.0% of the capital and 79.1% of the votes in HL Display.
Following announcement of the offer Ratos has acquired 9,859,651 class B shares
(corresponding to 31.9% of the capital and 15.5% of the votes) on NASDAQ OMX
outside the offer. The acquisitions have been made at a maximum price of SEK 49
per share. Ratos owns in total 98.7% of the capital and 99.4% of the votes in HL
Display. Ratos may acquire additional shares in HL Display in the market.
To enable participation in the offer by the shareholders who not yet have
accepted the offer the acceptance period is extended until 27 August 2010 at
5.00 p.m.
For shareholders in HL Display that have accepted the offer during the regular
acceptance period, settlement is expected to commence on 20 August 2010. For
those who accept the offer during the extended acceptance period, settlement is
expected to commence on 3 September 2010. As set out in the offer document,
Ratos reserves the right to extend the acceptance period and postpone the
settlement date.
Since Ratos holds over 90% of the shares outstanding in HL Display, Ratos
intends to shortly call for compulsory acquisition of the remaining shares
outstanding in HL Display and act to have HL Display's share de-listed from
NASDAQ OMX Stockholm.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 8 700 17 20
Financial calendar from Ratos:
Interim Report January - June 2010 20 August 2010
Interim Report January - September 2010 4 November 2010
Ratos is a listed private equity company. The business concept is to maximise
shareholder value over time by investing in, developing and divesting primarily
unlisted companies. Ratos offers investors a unique investment opportunity.
Ratos's equity is approximately SEK 15 billion and has a market capitalisation
of approximately SEK 32 billion. Ratos's holdings include AH Industries,
Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro,
Hafa Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC, Medisize,
SB Seating, Stofa, Superfos and Other holdings.
[HUG#1438138]
Press release PDF:
http://hugin.info/1180/R/1438138/382762.pdf
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.
All reproduction for further distribution is prohibited.
Source: Ratos via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 16.08.2010 - 13:31 Uhr
Sprache: Deutsch
News-ID 39712
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 253 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ratos has acquired over 90% of the capital and votes in HL Display"
steht unter der journalistisch-redaktionellen Verantwortung von
Ratos (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
