GOTHENBURG, Sweden, Nov. 24, 2003 (PRIMEZONE) -- ProAct IT Group AB (publ) has today published an offer to acquire all the shares in Dimension AB (publ). The offer consists of a share alternative and a cash alternative equivalent to not more than 10,300,705 shares in Dimension. The Board of Directors of Dimension recommends acceptance of the offer. Bure owns 10,096,550 shares in Dimension equivalent to approximately 33 per cent of capital and votes.
The offer from ProAct is subject to the approval not being given of the new share issue decided by the Board of Directors of Dimension by an Extraordinary General Meeting of Dimension held today (24 November 2003). As a consequence of the aforementioned terms, the guarantee agreement between Dimension, Bure and other guarantors will not be invoked by Dimension and the guarantors between them. Should the offer not be completed, Bure has made an agreement with Dimension to guarantee a potential new share issue in Dimension up to an amount of not more than SEK 17.5M on market terms, based on current conditions on the date of issue.
Bure has undertaken to submit 10,096,550 Dimension shares in the cash alternative. Should the issue be oversubscribed, a pro rata reduction will be made in which the remaining portion will be replaced with shares in ProAct in accordance with the share alternative.
Bure Equity AB (publ) For further information, please contact: Lennart Svantesson, President +46 31-708 64 20, +46 733-11 00 11
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http://www.waymaker.net/bitonline/2003/11/24/20031124BIT00440/wkr0002.pdf