Helsinki, Finland, 2015-03-26 17:30 CET (GLOBE NEWSWIRE) --
Ixonos Plc Stock Exchange Release 26 March 2015 at 18:30
IXONOS: THE FINAL RESULT OF THE MANDATORY PUBLIC TAKEOVER BID FOR IXONOS PLC’S SHARES AND OPTION RIGHTS MADE BY TREMOKO OY AB
Not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, New Zealand, South Africa, China, Hong Kong, Singapore or Japan or any other country where publication or distribution would be unlawful.
The offer period of the mandatory public tender offer (“Takeover Bid”) made by Tremoko Oy Ab, concerning all issued Ixonos Plc (“Company” or “Ixonos”) shares (“Shares”) and Option right (“Options”) that are not owned by the Company or its subsidiaries or are already owned by Tremoko Oy Ab, expired on 24 March 2015. Before the commencement of the offer period, Tremoko Oy Ab held altogether 145 678 088 Ixonos Shares and Tremoko Oy Ab’s share of ownership and votes was thus altogether approximately 71.8 per cent of all Ixonos Shares and votes.
Tremoko Oy Ab reported on the preliminary result of the Takeover Bid yesterday on 25 March 2015, after which the Company published its own announcement on the preliminary result. According to the final result of Tremoko Oy Ab’s Takeover Bid, the 20 454 656 Shares tendered during the offer period represent approximately 10.1 per cent of all of Ixonos shares and resulting votes. Tremoko Oy Ab’s share of ownership of the shares and votes of Ixonos Plc is, after the transaction exercising the accepted Shares, therefore altogether 166 132 744 Shares, i.e. approximately 81.8 per cent.
Moreover, altogether 1 540 000 Options have been offered in the Takeover Bid. After the transaction exercising the Options accepted in the Takeover Bid, Tremoko Oy Ab will have the opportunity to raise its share of ownership to altogether approximately 82.0 per cent of all Ixonos Shares and votes by using the said Options to subscribe for Ixonos Shares.
The sale of those Ixonos Shares in respect of which the Takeover Bid has been validly accepted in accordance with the terms of the Takeover Bid and whose acceptance has not been validly revoked will be executed approximately on 30 March 2015 (“Transaction Date”). The sale of the Shares will be settled approximately on the second (2nd) banking day following the aforementioned Transaction Date (“Settlement Date”). The first possible Settlement Date is 1 April 2015. The offer price of the Shares shall be paid to the cash account of the book-entry account of the shareholder on the Settlement Date and, in the case of those shareholders whose holdings are nominee-registered, to the bank account specified in the acceptance form. If the shareholder’s bank account is in a different financial institution than their book-entry account, the price offered for the Shares shall be paid to the shareholder’s bank account in accordance with schedule of money transaction between banking institutions so that it will be on the shareholder’s bank account approximately two (2) banking days after the Settlement Date.
The sale of the Options will be executed on the Settlement Date. The sale of the Options will be carried out so that, after paying the offer prices of the Options, UB Securities Ltd informs Ixonos of the realisation of the transaction to Ixonos, who maintains the shareholders’ register concerning the Options. The offer prices of the Options will be paid on the Settlement Date to the bank account specified in the acceptance form by the Option holder. The offer prices of the Options will be paid to the Option holder’s bank account in accordance with the schedule of money transaction between banking institutions so that it will be on the Option holder’s bank account approximately two (2) banking days after the Settlement Date at the latest.
IXONOS PLC
Esa Harju
CEO
Additional Information:
Ixonos PLC, Esa Harju, CEO, tel. +358 40 844 3367, esa.harju@ixonos.com
Ixonos PLC, Mikael Nyberg, CFO, tel. +358 40 501 4401, mikael.nyberg@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main Media
www.ixonos.com
