KEMET CORPORATION PRESS RELEASE 17 April 2007 at 9:00 am 1(2)
FINAL RESULT OF KEMET CORPORATION'S PUBLIC TENDER OFFER FOR ALL SHARES AND
CONVERTIBLE CAPITAL LOAN NOTES IN EVOX RIFA GROUP OYJ
The offer period in the public tender offer by KEMET Electronics Corporation
("KEMET"), a wholly owned direct subsidiary of KEMET Corporation, for all the
shares and convertible capital loan notes in Evox Rifa Group Oyj ("Evox Rifa")
commenced on 12 March 2007 and ended on 12 April 2007.
According to the final result of the tender offer, the shares tendered in the
tender offer represent approximately 92.5 per cent of the shares and votes in
Evox Rifa. In addition, holders of approximately 95.7 per cent of the
convertible capital loan notes issued by Evox Rifa have tendered their loan
notes pursuant to the tender offer. If KEMET would convert the loan notes
tendered into new shares in Evox Rifa, KEMET's total holding in Evox Rifa would
amount to approximately 93.9 per cent of the shares and votes in Evox Rifa
after the relevant increase of the share capital.
As all the conditions to completion of the tender offer have been satisfied,
KEMET will complete the tender offer. The offer consideration will be paid to
the shareholders and the holders of loan notes who have validly accepted the
tender offer in accordance with the terms and conditions of the tender offer on
or about 24 April 2007.
KEMET's intention is to acquire all issued and outstanding shares in Evox Rifa.
As KEMET's ownership in Evox Rifa upon the settlement of the completion trades
will exceed nine-tenths (9/10) of the shares in Evox Rifa and of the total
votes attached thereto, KEMET will initiate compulsory acquisition proceedings
for the remaining shares in Evox Rifa under the Finnish Companies Act.
KEMET Corporation
Board of Directors
Per-Olof Lööf
Chief Executive Officer and Director
INFORMATION REGARDING EVOX RIFA
Evox Rifa Group Oyj manufactures passive electronic components, specializing in
plastic film, paper and electrolytic capacitors. Their major customer groups
are in industrial, automotive and consumer electronics and the lighting
industry. Evox Rifa's strength lies in the design and production of customized
products that require specialist expertise. Evox Rifa, with headquarters in
Finland, has a worldwide sales and distribution network. Its production plants
are located in Indonesia, Great Britain, China, Sweden and Finland. Evox Rifa
has two global business areas: Electrolytic Capacitors and Film and Paper
Capacitors. Additional information can be found at http://www.evoxrifa.com.
INFORMATION REGARDING KEMET
KEMET Corporation provides industry-leading, high-performance electronic
component solutions, including the world's most complete line of surface-mount
capacitor technologies across tantalum, ceramic, and solid aluminum
dielectrics, provided with the world's best quality, delivery and service.
KEMET's common stock is listed on the New York Stock Exchange under the symbol
KEM. Additional information can be found at http://www.kemet.com.
FURTHER INFORMATION
For KEMET:
Mr. Kirk Shockley, Vice President, Business Integration, tel +1 864 901 1471 or
+1 864 228 4291 or
Mr. Dean Dimke, Director of Corporate and Marketing Communications, tel +1 864
228 4448
For Evox Rifa:
Mr. Jerker Molander, Vice Chairman of the Board of Directors, tel + 358 50 380
3845
DISTRIBUTION
Helsinki Stock Exchange
Central media