TECO MARITIME ASA - MANDATORY OFFER - FINAL RESULT
Correction: TECO MARITIME ASA - MANDATORY OFFER -
TECO Group AS has received an updated acceptance
list. Numbers are corrected in yesterdays notice
Reference is made to the offer document dated 10
January 2012 (the "Offer Document") regarding the
mandatory offer (the "Offer") to acquire all
outstanding shares in TECO Maritime ASA
(the "Company") made by TECO Group AS
(the "Offeror"). By stock exchange report on 9
February 2012, the acceptance period of the Offer was
extended to 22 February 2012 at 17:30 CET.
The final result shows that the Offeror has received
acceptance of the Offer for a total of 1 914 938
shares in the Company, representing approximately 5.9
% of the outstanding shares and votes in the Company.
Together with the 15 448 365 shares already held by
the Offeror and its closely related parties (TECO
Holding AS and TECO Management AS), this represents
in total 53.5 % of all the issued shares of the
In accordance with the terms and conditions set out
in the Offer Document, settlement according to the
Offer will take place as soon as reasonably possible
and not later than 7 March 2012.