On 11 May 2012 PSI Group ASA made a voluntary offer to the company's shareholders that owned less than 1,000 shares as per 11 May 2012. The offer price was NOK 4.02 and the acceptance period expired on 8 June 2012. The offer included a notice that PSI Group ASA intended to apply to the Ministry of Trade and Industry for permission to carry out a compulsory acquisition of shares owned by shareholders whose shares have a total value of up to NOK 500. This would not apply to shareholders that increased their shareholding prior to the date of a possible compulsory acquisition so that the total value exceeds NOK 500.
PSI Group ASA has now received permission from the Ministry of Trade and Finance to carry out such compulsory acquisition. The company's board of directors has discussed the question and resolved to carry out the compulsory acquisition as announced in connection with the voluntary offer. The offered price is NOK 6.00, which gives a premium of NOK 0.15 compared to the closing price of PSI Group's shares on Oslo Børs on the 9 July 2013.
The shareholders that are affected by this will receive a letter from PSI Group ASA, directly or through their shares registrar/bank, during August.
For additional information please contact:
Anders Nilsen
CFO of PSI Group ASA
Phone +47 932 59 410
About PSI Group
PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden. PSI Group is headquartered in Rælingen (Norway) and has about 300 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.
For further information: www.psigroup.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.