* Hemtex shareholders receive SEK 27 per share in cash
* The offer is extended until 6 July 2009
* Hakon Invest increases its holding in Hemtex to 41.3 percent of
the shares
On 28 April 2009 Hakon Invest AB (publ) ("Hakon Invest") made a
mandatory cash offer to the shareholders of Hemtex AB (publ)
("Hemtex") (the "Offer"). Hakon Invest offered SEK 23 in cash per
share and an additional premium of SEK 4 in cash for each share if
Hakon Invest after the Offer holds or reaches a total holding
exceeding 50 per cent of the total number of shares and votes in
Hemtex.
Hakon Invest has today acquired 3,697,928 shares in Hemtex,
representing 9.0 per cent of the total number of shares and votes
in Hemtex, for SEK 27 per share. Hakon Invest thereby controls
16,977,472 shares in Hemtex, representing 41.3 per cent of the
total number of shares and votes in Hemtex.
As a consequence of the acquisitions, Hakon Invest revises the
terms and conditions of the Offer and increases the consideration
in the Offer to SEK 27 per share, thereby excluding the possibility
to receive any additional premium. Hakon Invest will also prepare
and file for registration and approval with the Swedish Financial
Supervisory Authority ("SFSA") an additional addendum to the
previously registered offer document and addendum. The offer
document was registered with the SFSA on 25 May 2009 and the
addendum on 12 June 2009.
In order to enable shareholders who have not yet accepted the Offer
to participate in the Offer, Hakon Invest extends the acceptance
period to 6 July 2009. Settlement in respect of shareholders that
accept the Offer after 22 June 2009 is estimated to occur on or
about 13 July 2009.
Settlement in respect of shareholders that accept the Offer during
the original acceptance period, i.e. no later than on 22 June 2009,
will not be delayed and is estimated to occur on 29 June 2009. As a
consequence of the additional addendum to the offer document,
shareholders of Hemtex will have a right to withdraw acceptances of
the Offer within five business days after the announcement of the
additional addendum, save that this shall not apply to shareholders
whose acceptances have been settled. This means that shareholders
who accept the Offer no later than on 22 June 2009, must withdraw
their acceptances no later than on 26 June 2009, in order for the
withdrawal to be effective.
Hakon Invest may acquire additional shares in Hemtex in the market
during the extended acceptance period.
For more information, contact:
SVP Investments & Portfolio Companies
Stein Petter Ski
tel. +46-8-55 33 99 44
Head of IR
Pernilla Grennfelt
tel. +46-8-55 33 99 55
Hakon Invest, which is listed on Nasdaq OMX Stockholm, conducts
active and long-term investment operations in retail-oriented
companies in the Nordic region. Hakon Invest owns 40% of ICA AB,
one of the Nordic region's leading retail companies with a focus on
food. The portfolio also includes shares in Forma Publishing Group,
Kjell & Company, Hemma, Cervera, inkClub and Hemtex. Further
information about Hakon Invest is available at www.hakoninvest.se
Hakon Invest increases the offer and extends the acceptance period
| Source: ICA Gruppen AB