DGAP-News: Medina Capital /
CZ Acquisition Declares the Offer for Cryptzone Group AB (publ) Wholly
Unconditional
27.03.2014 / 05:00
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This press release may not, directly or indirectly, be distributed or published
in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or
United States. The offer is not being made to (and acceptance will not be
accepted from) persons in those countries or elsewhere where their
participation requires further documentation, filings or other measures in
addition to those required by Swedish law.
GOTHENBURG, Sweden, March 27, 2014 (GLOBE NEWSWIRE) -- On 21 February 2014, CZ
Acquisition, Inc. ('CZ Acquisition'), a wholly owned subsidiary of Medina
Capital Fund LP ('Medina Capital'), announced a recommended cash offer to the
shareholders in Cryptzone Group AB (publ) ('Cryptzone') to acquire all
outstanding shares in Cryptzone for SEK 7 per share, irrespective of share
series (the 'Offer').
During the acceptance period the Offer has been accepted by shareholders
representing a total of 9,705,110 shares in Cryptzone, of which 14,828 are
shares of series A and 9,690,282 are shares of series B, corresponding to
approximately 96.43 per cent of the total number of shares and 96.23 per cent
of the total number of votes in Cryptzone. Neither CZ Acquisition nor Medina
Capital held any shares in Cryptzone prior to the announcement of the Offer and
has not acquired any shares in Cryptzone outside the Offer.
All conditions for the Offer have therefore been fulfilled. CZ Acquisition
hereby declares that the Offer is wholly unconditional and will be completed.
The acceptance period for the Offer will not be extended.
Settlement in respect of the shareholders who have accepted the Offer is
expected to commence on or around 31 March 2014.
As CZ Acquisition holds more than 90 per cent of the shares in Cryptzone, CZ
Acquisition intends to initiate a compulsory acquisition procedure to acquire
all remaining shares in Cryptzone in accordance with the Swedish Companies Act
(Sw. Aktiebolagslagen (2005:551)) and act to have the shares in Cryptzone
de-listed from NASDAQ OMX First North.
CZ Acquisition discloses the information provided herein pursuant to the Swedish
Takeover Rules. The information was submitted for publication on 27 March 2014
at 05.00 (CET).
Media Contact
For questions, please contact:
Adam Smith, CZ Acquisition, Inc.
Telephone: +1 (305) 375-6000
Important information
The Offer is not being made to persons whose participation in the Offer
requires that an additional offer document is prepared or registration effected
or that any other measures are taken in addition to those required under
Swedish law and regulations.
This press release and any related offer documentation are not being
distributed and must not be mailed or otherwise distributed or sent in or into
any country in which the distribution or offering would require any such
additional measures to be taken or would be in conflict with any law or
regulation in such country. Any such action will not be permitted or sanctioned
by CZ Acquisition. Any purported acceptance of the Offer resulting directly or
indirectly from a violation of these restrictions may be disregarded.
The Offer is not being made, directly or indirectly, by use of mail or any
other means or instrumentality (including, without limitation, facsimile
transmission, electronic mail, telex, telephone and the internet) in or into
Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United
States, and the Offer cannot be accepted by any such use, means,
instrumentality or facility of, or from within Australia, Hong Kong, Japan,
Canada, New Zealand, South Africa or the United States. Accordingly, this press
release and any related offer documentation are not being and should not be
mailed or otherwise distributed, forwarded or sent in or into Australia, Hong
Kong, Japan, Canada, New Zealand, South Africa or the United States.
CZ Acquisition will not deliver any consideration from the Offer into
Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United
States.
This press release is not being, and must not be, sent to shareholders with
registered addresses in Australia, Hong Kong, Japan, Canada, New Zealand, South
Africa or the United States. Banks, brokers, dealers and other nominees holding
shares for persons in Australia, Hong Kong, Japan, Canada, New Zealand, South
Africa or the United States must not forward this press release or any other
document received in connection with the Offer to such persons.
This press release has been published in Swedish and English. In the event of
any discrepancy in content between the language versions, the Swedish version
shall prevail.
News Source: NASDAQ OMX
End of Corporate News
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27.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Medina Capital
United States
End of News DGAP News-Service
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259893 27.03.2014
DGAP-News: CZ Acquisition Declares the Offer for Cryptzone Group AB (publ) Wholly Unconditional
| Source: EQS Group AG