NOTICE OF EXTRAORDINARY GENERAL MEETING IN SIMTRONICS ASA
An extraordinary general meeting in Simtronics ASA is hereby convened for 8 March 2011 at 15:00 hours in the company’s offices in Kabelgaten 4 B, Økern Næringspark, Oslo.
Autronica has today announced a voluntary offer for all shares of the company at a purchase price of NOK 1.90 per share. Autronica has in an agreement with the company required as a condition for the offer that the company shall summon an extraordinary general meeting to resolve an amendment of the conversion price pursuant to the convertible loan agreement to the same price as provided in the offer; NOK 1.90 per share.
The amendment of the conversion price is subject to the offer being completed by Autronica by purchase of those shares being accepted sold pursuant to the offer.
The Notice follows attached to this stock exchange release and will also be available www.simtronics.no.
For further information, please contact Mr Rune Martini, CEO of Simtronics ASA, telephone +47 4807 8080 or Mr John Afseth, Chairman, telephone +47 9220 1850.
Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.