On 19 June 2012, Lockman Electronic Holdings Ltd. (company registration no. 01672274) announced its acquisition of approximately 68.3 per cent of the shares and voting rights in Thrane & Thrane A/S in connection with the voluntary recommended public tender offer to the shareholders of Thrane & Thrane A/S and now holds in total 5,494,835 shares, corresponding to approximately 92.4 per cent of total shares and voting rights in Thrane & Thrane A/S. Reference is made to company announcement dated 19 June 2012.
Lockman Electronic Holdings Ltd. has informed Thrane & Thrane A/S that it has been resolved to initiate a compulsory redemption of the remaining shares in Thrane & Thrane A/S during the period 28 June 2012 to 26 July 2012 pursuant to Sections 70-72 of the Danish Companies Act. 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. The company’s shares are listed on NASDAQ OMX Copenhagen (THRAN). www.thrane.com.
