MALMO, Sweden, Sept. 24, 2002 (PRIMEZONE) -- Teleca AB's ("Teleca") (Stockholm:TELCb) public offer to the holders of shares and convertible debentures issued by Pronyx AB (publ) ("Pronyx") (Stockholm:PRYX) has, following the end of the extended acceptance period on September 20, 2002, finally been accepted to such extent that Teleca has become owner of 94.7 per cent of the shares in Pronyx. After full conversion of the convertible debentures issued, Teleca's holding amounts to 95.0 per cent of the shares in Pronyx.
With regard to acceptances received during the ordinary acceptance period, the share alternative has been chosen to such an extent that 10,402 new shares of series B in Teleca will be issued. For the remaining shares cash will be paid out. As previously announced, settlement is expected to begin on October 7, 2002, for those who have accepted the offer during the extended acceptance period.
Teleca intends to initiate a compulsory acquisition of the outstanding shares in Pronyx shortly.
The Board of Directors
For further information, contact:
Johannes Rudbeck, Investor Relations Manager, Teleca AB, mobile +46 705- 82 56 56 Nick Stammers, VD Teleca AB, mobile +44 7768 32 35 35.
Teleca is a European leading consulting group focused on new technology and R&D. Our business concept is to strengthen our customer's market position and time-to-market. This is achieved by providing professional teams with specialist technical expertise, working in partnership with development-intensive companies all over the world. The Group has more than 2,200 employees in 13 countries with a strong position in the Nordic region, U.K. and France. Teleca is quoted on the Attract40 list of Stockholmsborsen. www.teleca.com
The offer is not being made to persons whose participation requires an additional prospectus, registrations or measures other than those prescribed by Swedish law.
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