STOCKHOLM, Sweden, Sept. 29, 2003 (PRIMEZONE) -- On August 27, 2003, the Board of Directors of OM HEX AB ("OMHEX") (Other OTC:OMGPF) resolved to extend the exchange offer ("Offer") to the shareholders in HEX Plc ("HEX"), for the purpose of enabling those shareholders who had not yet tendered their shares to accept the Offer. The extended Offer period expired at 4:00 pm Finnish time on September 25, 2003.
During the extended Offer period an additional 90,254 shares in HEX have been tendered. The HEX shares tendered during the extended Offer period, together with the HEX shares already held by OMHEX, correspond to more than 99.99 percent of the aggregate number of shares and votes in HEX, fully diluted.
As a consequence of the above, the Board of Directors has, based on authorization given by the extraordinary general meeting of shareholders on August 18, 2003, resolved to issue a maximum of 225,635 new shares, leading to an increase of the share capital by a maximum of SEK 451,270. The right to subscribe for the new shares shall only be granted to holders of shares in HEX, whereby the new shares shall be paid by transfer of the subscribers' shares in HEX to OMHEX in accordance with the terms and conditions of the Offer.
The new shares in OMHEX are expected to be registered in the accepting HEX shareholders' book-entry accounts and to be subject to public trading on October 7, 2003.
The Board of Directors of OMHEX expects that the contribution in kind comprising a maximum of 90,254 HEX shares will be entered into the balance sheet of OMHEX at a maximum value of SEK 13,989,370, excluding transaction and integration costs.
OMHEX expects to initiate a compulsory acquisition proceeding with respect to the remaining HEX shares in October 2003.
For further information or comments, please contact: Jakob Hakanson, VP Investor Relations +46 8 405 60 42 Anna Eriksson, VP Marketing & Communications +46 8 405 66 12
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/09/29/20030929BIT00560/wkr0001.pdf