Adera to sell part of its Amsterdam operations

Adera to sell part of its Amsterdam operations As part of the process of adjusting to changed market conditions, Adera has concluded an agreement to sell part of its operations in Amsterdam to a newly started company. The people behind the company include the previous owners of HCM B.V., the Amsterdam company acquired by Adera in the spring of 2000. Adera will have a 10 percent holding in the newly formed company. The deal entails the transfer by Adera of a business employing some 20 people with estimated net sales of NLG 5 million (around SEK 20 million). The purchase price is approximately NLG 5 million (around SEK 20 million), NLG 4 million of which will be paid in cash, while the remainder will be paid during 2001/2002. The positive impact on the profit/proceeds will be used for additional structural measures in Holland. In connection with this deal, Adera has come to a settlement involving the reversion to Adera of 700,000 of the approximate total of 1.3 million class B shares issued by Adera as part of the purchase price for the acquisition of HCM B.V. The background to the settlement is that Adera has in the last few weeks been involved in negotiations with the company's previous owners about a reduction in the purchase price. The parties have now reached a settlement that involves the withdrawal of 700,000 class B shares without repayment and a reduction in Adera's share capital amounting to the nominal value of the shares, i.e. SEK 70,000. As a result of the deal, Adera will be calling an extraordinary shareholders' meeting at which a proposal will be made that the shareholders should approve the transfer of the business in Holland and pass a resolution concerning a reduction in the share capital with respect to the 700,000 Adera class B shares. Notice of the extraordinary shareholders' meeting specifying time and place will be published as soon as possible. "The deal is part of our previously announced strategy to build up a presence in Europe with the help of partnerships and alliances," says Adera's CEO Rolf Jansson. For more information: For further information, please contact: Rolf Jansson, CEO, Adera AB Tel.: +46 31 701 67 00 Mobile: +46 70 572 72 02 e-mail: Adera AB (publ) focuses on generating business benefits for its customers by bringing together the skills crucial to successful competition in the new world of business logic. These include strategy/business development, marketing/communication and IT/Internet expertise. Adera currently has offices in Gothenburg, Stockholm, Ljungby, Värnamo, Malmö, London, Antwerp and Amsterdam. The company's shares are listed on the O list of the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: