Satair has received unsolicited, non-committal inquiries from financial investors about the possible takeover of the Company. The Board of Directors and the Executive Committee find that it is in the interest of the Company’s shareholders to explore all inquiries, provided that they build upon appropriate and genuine assumptions.
Having completed the successful divestment of its OEM Division, Satair is currently finalizing its corporate strategy for the coming years, as well as the Board of Director’s resolutions on the long term financial targets and the future capital structure, including the declaration of an extraordinary dividend. The Company plans to make an announcement on these matters not later than end of June 2011, however, will during this period conduct business as planned.
Against this background the Board of Directors and the Executive Management have made the joint decision not to pursue the specific inquiries now, as the timing is not considered appropriate since the strategic process is not finalized.
Board Chairman, N.E. Nielsen, +45 2526 3343
