MALMO, Sweden, Sept. 6, 2002 (PRIMEZONE) -- Teleca:
-- Owners of shares representing 79.4% of the capital and votes have accepted the offer. In total, Teleca consequently holds 88.9% of the capital and votes in Pronyx before dilution -- Owners of convertible debentures representing 98.8% of the total outstanding nominal amount has accepted the offer -- After full conversion of convertible debentures issued, Teleca's holding amounts to 89.5% of the capital and votes in Pronyx -- Teleca implements and extends the offer until September 20, 2002
Teleca AB's ("Teleca") offer to the holders of shares and convertible debentures issued by Pronyx AB (publ) ("Pronyx") has been accepted to the extent that Teleca has become the owner of shares and convertible debentures corresponding to 89.5 per cent of the share capital in Pronyx calculated after full conversion of the total convertible debentures issued. Before full conversion of the total convertible debentures issued, Teleca's ownership amounts to 88.9 per cent of the shares in Pronyx.
Despite the fact that the 90 per cent condition has not been met, the Board of Directors of Teleca has decided to implement the offer.
With regard to acceptances received during the ordinary acceptance period, the share alternative has been chosen to such an extent that 267,239 new shares of series B in Teleca will be issued. For the remaining shares cash will be paid out.
In order to offer shareholders in and holders of convertible debentures issued by Pronyx who have not yet accepted the offer, to participate in the offer, Teleca has decided to extend the acceptance period until September 20, 2002.
For those who have accepted Teleca's offer during the ordinary acceptance period, settlement is expected to begin on or about September 17, 2002. For those who accept the offer during the extended acceptance period, settlement is expected to begin on or about October 7, 2002.
Malmo, September 6, 2002 Teleca AB (publ)
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 consulting company in 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 to work in partnership with development-intensive companies all over the world. The Group has more than 2,300 employees in 13 countries. It occupies a strong position in the Nordic countries, the U.K. and France. Teleca is listed on Stockholmsborsen's Attract40. www.teleca.com.
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