The Board of ElektronikGruppen BK AB has today received a cash tender offer from Kamic Electronics AB directed to all shareholders in ElektronikGruppen. A full version of the offer has been published through Kamic Electronics and is also available on ElektronikGruppen’s website www.egruppen.com.
The bidder Kamic Electronics is a company that is controlled jointly by Kenneth Lindqvist and Thomas Wernhoff. Because these two individuals are also the majority shareholders in ElektronikGruppen as well as being Chairman and Vice Chairman of the Board, the Board has decided to appoint a special committee whose task is to evaluate and publish an opinion on the offer.
The committee consists of Board members Catharina Lagerstam and Magnus Norman, both of whom are independent in relation to the company, its management and the company’s major shareholders. In accordance with the applicable rules, the committee will obtain a fairness opinion from an independent financial advisor. This fairness opinion, together with the committee’s official position, will be published at the latest two weeks before the end of the acceptance period.
Contacts
Fredrik Celsing, President and CEO of ElektronikGruppen BK AB,
tel +46 (0)8-759 35 55
Håkan Lundgren, Head of Corporate Communications, ElektronikGruppen BK AB,
tel +46 (0)8-759 35 79
The information contained herein is subject to the disclosure requirements of ElektronikGruppen pursuant to the Securities Market Act, the Financial Instruments Trading Act and/or NASDAQ OMX Stockholm’s Rules for Issuers. The information was submitted for publication on 22 June 2011, 09.10 CET.
ElektronikGruppen is one of the Nordic region's leading suppliers of high-tech electronic components, systems and production equipment for the electronics industry. The Group consists of some 15 companies that are organised in three business areas. Together, the companies are active in 11 countries in Northern Europe and Asia. The Group recorded net sales of SEK 922 M in 2010. The share is quoted on NASDAQ OMX Nordic in Stockholm.
