On 28 June 2012 Lockman Electronic Holdings Ltd. announced its decision to initiate compulsory redemption of the remaining shares in Thrane & Thrane A/S. Pursuant to the rules for convening a general meeting, the remaining shareholders were incited to within 4 weeks to transfer their shares to Lockman Electronic Holdings Ltd. The 4-week period expired on 26 July 2012.
Lockman Electronic Holdings Ltd. has today informed Thrane & Thrane A/S, that during the period 27 July 2012 to 29 October 2012, the redemption of the remaining shares in Thrane & Thrane A/S will be effected, pursuant to Section 72 of the Danish Companies Act, cf. Section 70. Reference is made to the attached notice from Lockman Electronic Holdings Ltd. of today’s date.
For further information, please contact
John Alexandersen, Vice President, Corporate Communications & Investor Relations,
tel. (+45) 39 55 88 00, mobile (+45) 22 72 38 22
About Thrane & Thrane
Thrane & Thrane is the world’s leading manufacturer of equipment and systems for global mobile satellite and radio communication. Since its incorporation in 1981, the company has achieved a leading position within global mobile satellite services based on the Inmarsat system. The company provides equipment for use everywhere – on land, at sea and in the air. The company's communication products are marketed worldwide under the brands Thrane & Thrane, EXPLORERTM, SAILOR® and AVIATOR through distributors and partners. www.thrane.com.
