PERLOS CORPORATION STOCK EXCHANGE RELEASE NOVEMBER 2, 2007
Perlos Corporation has today received the following notice from
Lite-On (Finland) Oy:"Please be informed that on 1 November 2007 Lite-On (Finland) Oy (the"Offeror"), a wholly-owned subsidiary of Lite-On Technology
Corporation ("Lite-On"), has acquired 50,639,252 shares or 95.66 per
cent of the shares and votes in Perlos Corporation ("Perlos").
As the Offeror holds more than nine tenths (9/10) of all shares and
votes in Perlos, the Offeror has the right, based on Chapter 18,
Section 1 of the Finnish Companies Act, to redeem the shares held by
other remaining shareholders in Perlos at fair value. This letter
constitutes a redemption notice as set forth in Chapter 18, Section 2
of the Finnish Companies Act.
The Offeror will initiate arbitration proceedings pursuant to Chapter
18, Sections 3 - 9 of the Finnish Companies Act concerning the
redemption of all Perlos shares held by other shareholders. The
process will be initiated as soon as practically possible.
Sincerely yours,
LITE-ON (FINLAND) OY"
PERLOS CORPORATION
DISTRIBUTION
Helsinki Stock Exchange
Central media
www.perlos.com
REDEMPTION NOTICE PURSUANT TO CHAPTER 18, SECTION 2 OF THE FINNISH COMPANIES ACT
| Source: Perlos