JCE declares the Offer for Cybercom unconditional and extends the acceptance period
This is an unauthorised translation of the Swedish press release. In case of any discrepancies between the different versions, the Swedish version shall prevail.
This press release is not and may not, directly or indirectly, be distributed or made public in the United States of America, Australia, Japan or Canada or any other country where such distribution requires registration or any other measures than those required by Swedish law. The Offers are not being made to persons in those jurisdictions or elsewhere, whose participation requires further documentation, filings or other measures in addition to those required by Swedish law.
• JCE's holding will after completion of the Offer amount to approximately 41.4 percent of the capital and the votes in Cybercom
• The acceptance period is extended until 12 December 2006
On 2 October 2006, JCE Group AB ("JCE") announced a public offer to the shareholders of Cybercom Group Europe AB ("Cybercom") to tender all shares to JCE for SEK 38 per share in cash (the "Offer"). On 21 November 2006, the final day of the acceptance period for the Offer, shareholders holding 3 313 498 shares in Cybercom, representing approximately 26.9 percent of the capital and the votes, had accepted the Offer.
At the announcement of the Offer, JCE held 1 784 945 shares in Cybercom representing approximately 14.5 percent of the capital and the votes. Thereafter, JCE has acquired 6 600 shares separately from the Offer representing approximately 0.1 percent of the capital and the votes. Together with the received acceptances, JCE holds 5 105 043 shares in Cybercom representing approximately 41.4 percent of the capital and the votes.
JCE has decided to complete the Offer and to declare it unconditional. All conditions to the Offer have been fulfilled or waived by JCE, wherefore the original conditions do not apply during the extended acceptance period. For the shareholders who have accepted the Offer during the initial acceptance period, settlement will commence around 28 November 2006.
To enable acceptance of the Offer for shareholders that have not yet accepted the Offer, JCE has decided to extend the acceptance period until 5.00 pm on 12 December 2006. For shareholders accepting the Offer during the extended acceptance period, settlement will commence around 19 December 2006. JCE may acquire additional Cybercom shares on the stock market.
Through a separate press release, JCE has today announced the completion of the offer to the shareholders of Semcon AB.
Gothenburg, 23 November 2006
JCE Group AB
For further information, contact:
CEO, Consafe IT AB: Per Edlund
Phone: +46 (0) 8 792 95 00
Mobile: +46 (0) 708 28 93 56
Chairman of the board and CEO, JCE Group AB: J Christer Ericsson
Phone: +46 (0) 31 759 55 00
Mobile: +46 (0) 708 19 91 30