Compulsory purchase approved for Acando

The compulsory purchase of the remaining shares in Acando Europe AB, previously Resco AB (publ), has now been decided by an Arbitration Board. The decision means that Acando AB will buy the shares at a price of SEK 6.33 + interest, which is in line with the Company’s expectations.

Background: In connection with AcandoFrontec’s acquisition of Resco AB on 16 March 2006, Resco’s shareholders were invited either to exchange their shares in Resco for shares in AcandoFrontec AB (now Acando AB) or receive a cash payment for them. Shareholders equivalent of 95.27 percent of the capital and 97.03 percent of the votes chose one or other of these alternatives. Acando requested a compulsory purchase of the outstanding shares, and this process has now been settled by the Arbitration Board.

Unless an appeal is lodged against the decision, the decision will come into force in about two months. The purchase sum will then be paid.