Salcomp Plc Stock Exchange Release 8 October 2007 at 14:35 Finnish time
PRELIMINARY RESULT OF NORDSTJERNAN'S TENDER OFFER
Salcomp Plc has today received the following press release from Nordstjernan AB:
“NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, IN WHOLE OR IN PART, INTO OR FROM
ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW INCLUDING AUSTRALIA, THE
HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA,
JAPAN, SOUTH AFRICA, CANADA AND THE UNITED STATES.
PRESS RELEASE
Stockholm, October 8, 2007
Nordstjernan announces preliminary result of the public tender offer for all the
shares and option rights of Salcomp Plc
The public tender offer by Nordstjernan AB (“Nordstjernan”) for all issued and
outstanding shares and option rights in Salcomp Plc (“Salcomp”), commenced on
September 19, has expired on October 5, 2007 pursuant to the terms and
conditions of the offer. The tender offer period will not be continued.
According to the preliminary result of the tender offer, shareholders holding
850,622 shares in Salcomp and representing approximately 2.2 per cent of the
shares and votes have tendered their shares in the public tender offer.
Nordstjernan's total holding in Salcomp would rise approximately to 54.5 per
cent of the shares and votes in Salcomp when taking into account those shares of
Salcomp acquired earlier by Nordstjernan.
The final result of the tender offer will be confirmed and announced
approximately on October 10, 2007 at the latest.
The tender offer will be executed and the consideration will be paid to all
Salcomp shareholders accepted the tender offer pursuant to the terms and
conditions of the offer. The trades of the shares will be executed by estimation
on October 10, 2007 at the latest and will be settled by estimation on October
15, 2007 at the latest.
The payment of the offer price of the shares will be deposited into the bank
account connected to the book-entry account of the shareholder having accepted
the tender offer or, in the case of shareholders whose holdings are registered
in the name of a nominee, into the bank account specified in the acceptance form
on the settlement date. If the bank account of a tendering shareholder is with a
different banking institution than the book-entry account of such holder, the
receipt of the offer price may be delayed by up to approximately two Finnish
banking days in accordance with the schedule for payment transactions between
Finnish financial institutions.
Title to the shares of Salcomp will pass to Nordstjernan against payment of the
offer price.
NORDSTJERNAN AB
Tomas Billing
President
Nordstjernan AB
Please refer questions to:
Tomas Billing, President of Nordstjernan, +46 8 788 50 00
Nordstjernan is a family-controlled investment company that creates growth in
value through long-term and active ownership of Nordic companies. More
information on Nordstjernan can be found on www.nordstjernan.se”
Salcomp Plc
Markku Hangasjärvi
President and CEO
Further information:
Markku Hangasjärvi, President and CEO, tel. +358 040 7310 114
Antti Salminen, CFO, tel. +358 40 535 1216
Distribution:
Nordic Exchange, Helsinki
The main media
www.salcomp.com