SYMPHONY TECHNOLOGY II-A, L.P. RELEASE 28 JUNE 2011 AT 8:30 AM
Symphony Technology II-A, L.P.'s holding in Aldata Solution Oyj has exceeded 30 per cent - obligation to make a mandatory offer for the remaining shares has been triggered
Symphony Technology II-A, L.P. (Symphony Technology) has on 27 June 2011 acquired 7.36 per cent of the shares in Aldata Solution Oyj (Aldata) (the Acquisition). Together with the Aldata shares already held by Symphony Technology (together with its group companies), Symphony Technology currently holds approximately 36 per cent of all the shares and votes in Aldata.
As a consequence of the Acquisition, Symphony Technology's holding in Aldata has exceeded three tenths of the aggregate voting rights in Aldata. Symphony Technology has, thus, an obligation to make a mandatory public tender offer under the Finnish Securities Market Act for all the shares and all the securities entitling to shares in Aldata that are not yet, as a consequence of the Acquisition or otherwise, held by Symphony Technology (the Tender Offer). According to the Finnish Securities Market Act, such Tender Offer must be announced within one month from the Acquisition and the offer period commence within one month from the announcement of the Tender Offer. Symphony Technology will make and announce the Tender Offer as required under the Finnish Securities Market Act, i.e. by 27 July 2011.
In the Tender Offer a cash consideration of EUR 0.61 will be offered for each Aldata share. The consideration corresponds to the highest price paid in all acquisitions of Aldata shares by Symphony Technology or its group companies during the six month-period preceding the triggering of the mandatory offer obligation (including the Acquisition).
Other terms and conditions of the Tender Offer, as well as information on the offer period under the Tender Offer will be published in connection with the announcement of the Tender Offer. Symphony Technology will also publish a tender offer document, including the detailed terms and conditions of the offer and information on the approval procedure, prior to the commencement of the offer period.
Roschier, Attorneys Ltd. acts as Symphony Technology's legal advisor in connection with the Tender Offer.
SYMPHONY TECHNOLOGY II-A, L.P.
For further information, please contact:
William Chisholm, Symphony Technology Group, tel. +1 650 935 9531
ABOUT SYMPHONY TECHNOLOGY GROUP
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG's current portfolio consists of 12 global companies. For more information, visit: www.symphonytg.com.
THIS RELEASE DOES NOT CONSTITUE AN OFFER TO PURCHASE ANY SHARES OR OTHER SECURITIES. THE TENDER OFFER, WHEN MADE, WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW AND THIS STOCK EXCHANGE RELEASE IS NOT AND MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW BY ANY MEANS WHATSOEVER INCLUDING, WITHOUT LIMITATION, MAIL, FACSIMILE TRANSMISSION, E-MAIL OR TELEPHONE.