Release no. 214
26 September 2011
(This is a translation into English of the original text in Danish. In case of discrepancies between the two texts, the Danish text shall prevail)
In continuation of the voluntary, recommended, public offer made on 2 August 2011 by Airbus Denmark Holding ApS (”Airbus”) to all holders of shares and warrants in Satair (”the Offer”), Satair has today received the attached announcement from Airbus with a request for publication.
The announcement concerns the expiry of the waiting period pursuant to the US International Traffic in Arms Regulations (”ITAR”) upon which the sale was conditional. There are now no further regulatory approvals pending, and so the condition set out in section 3.8 (v) of the Offer has been met.
The Offer expires on 27 September 2011 at 8pm (CET) unless extended (see the Offer Document).
In a statement made on 2 August 2011, the Board of Directors unanimously recommended holders of shares and warrants to accept the Offer.
For further information, please contact:
Board Chairman N.E. Nielsen, nen@lett.dk, +45 4243 3343
CEO John Stær, jst@satair.com, +45 4015 9286
About Satair
Satair is among the world leaders in sales and distribution of spares for aircraft maintenance and provides a range of services that reduce costs in the supply chain.
Headquartered in Denmark, Satair provides services to customers and suppliers all over the globe through its sales and warehousing locations in Europe, North America, the Middle East, Asia Pacific and China.
Satair has around 360 employees worldwide and revenue in 2010/11 of USD 403 million.
