IBS applies for delisting from First North
The board of directors in IBS AB (publ) (“IBS”) have received a demand from STG IBS Holding S.a.r.l. to initiate the compulsory acquisition procedure under the Swedish Companies Act to acquire all remaining IBS shares. STG IBS Holding owns approximately 95 % of the shares in IBS as announced on June 29, 2011. The board of directors will, within short, publish the notice to the shareholders and also send letters to the shareholders whose addresses are known.
The board of directors have resolved on applying for delisting of the IBS share of series B on First North. The resolution is based the limited liquidity in the share, and also that the company does not fulfil the listing requirements any more as STG IBS Holding holds approximately 95 % of the shares and have initiated the compulsory acquisition procedure.
Last day of trading in the IBS share on First North is expected to be in the end of August 2011, but will finally be determined in cooperation with First North. When the final day for trading has been determined it will be communicated to the shareholders through a press release.
IBS AB (publ)
Board of Directors
Certified Adviser is Mangold Fondkommission AB
For more information, please contact:
Acting CEO and COO, IBS AB
Tel: +46 70 211 0010