Tekla Corporation Stock exchange release June 28, 2011 at 1:40 p.m. Trimble to complete the public tender offer for all the shares in Tekla Corporation subject to final results of the offering Tekla Corporation has today received the following release from Trimble Finland Oy: Trimble Finland Oy Release 28 June 2011 at 12:45 p.m. TRIMBLE TO COMPLETE THE PUBLIC TENDER OFFER FOR ALL THE SHARES IN TEKLA CORPORATION SUBJECT TO FINAL RESULTS OF THE OFFERING The extended offer period in the public tender offer by Trimble Finland Oy ("Trimble Finland"), a wholly owned indirect subsidiary of Trimble Navigation Limited, for all of the issued and outstanding shares in Tekla Corporation ("Tekla") that are not owned by Tekla (the "Tender Offer") expired on 27 June 2011. According to the initial result of the Tender Offer, the shares tendered in the Tender Offer represent approximately 99.46 percent of all the shares and votes in Tekla. All the conditions to completion of the Tender Offer have been fulfilled provided that the final results of the Tender Offer confirm the current estimate that over 90 percent of the shares in Tekla have been tendered. Subject to this confirmation, Trimble Finland will complete the Tender Offer in accordance with its terms and conditions. The offer consideration will be paid to the shareholders who have validly accepted the Tender Offer in accordance with the terms and conditions of the Tender Offer after the final results have been confirmed. The final offer price is expected to be paid on or about 8 July 2011, as of which date the ownership of the tendered shares will be transferred to Trimble Finland. The Board of Directors of Tekla may decide to pay a distribution of up to EUR 18,000,000 in the aggregate based on the authorization of Tekla's annual general meeting held on 6 April 2011. In the event that the Board of Directors resolves to distribute an additional dividend pursuant hereto, and a shareholder who has accepted the Tender Offer is entitled to such distribution of additional dividend or other assets, the additional dividend paid or other assets distributed will, pursuant to the terms and conditions of the combination agreement between Tekla and Trimble Navigation Limited and the terms and conditions of the Tender Offer, be deducted from the offer price. Based on an additional dividend payment of EUR 0.80 per share, the final offer price would be EUR 14.20 per issued and outstanding share. Trimble Finland's intention is to acquire all the shares in Tekla. As Trimble Finland's ownership upon completion of the Tender Offer is expected to exceed nine-tenths (9/10) of the shares and voting rights in Tekla, Trimble Finland will initiate compulsory redemption proceedings for the remaining shares in Tekla under the Finnish Companies Act. Trimble Finland may purchase shares in Tekla also in public trading on NASDAQ OMX Helsinki or otherwise at a price not exceeding the offer price. Trimble Navigation Limited Trimble Finland Oy Further information: Björn Johansson, Lazard AB, +46 709 999 710 Steven Berglund, Trimble Navigation Limited, +1 408 481 8000 Distribution: NASDAQ OMX Helsinki Ltd., principal media, www.tekla.com [HUG#1526585]
Trimble to complete the public tender offer for all the shares in Tekla Corporation subject to final results of the offering
| Source: Tekla