Press Release from A.P. Møller – Mærsk A/S
With reference to the offer to acquire all Broström shares A.P. Møller – Mærsk A/S has published the following press release.
This press release is not and must not be, directly or indirectly, distributed or made public in the United States of America, Australia, Canada, Japan, New Zealand or South Africa. The Offer mentioned in this press release is not being made to persons in those jurisdictions or elsewhere where their participation requires further offer documents, filings or other measures in addition to those required by Swedish law.
Press Release
14 January 2009
A.P. Møller - Mærsk A/S obtains the necessary approval for its acquisition of Broström AB (publ) and declares the Offer unconditional
A.P. Møller - Mærsk A/S has now received the clearance from the European competition authorities for its acquisition of Broström AB (publ). No other approvals are required to complete the offer and all conditions are consequently fulfilled. The offer, (the “Offer”) made through A.P. Møller - Mærsk A/S’s wholly owned Swedish subsidiary Maersk Product Tankers AB for all A- and B-shares in Broström AB (publ), is hereby declared unconditional.
“We are pleased that we have received the necessary approvals, and we now look forward to beginning the integration process which will create the world’s leading product tanker company”, says Kristian Mørch, Senior Vice President of Maersk Tankers. “The combination of the two organisations will be able to offer a superior worldwide service across segments by having a large, modern and homogenous fleet with the highest safety standards”.
The price per share in the Offer of SEK 57, shall be increased by an interest rate of 6% per annum, calculated from the date occurring two months after the announcement of the offer, i.e. 27 October 2008, until the date when the Offer is declared unconditional (i.e. today, 14 January 2009). Accordingly, the settlement price per share in the Offer amounts to SEK 57.73.
The final number of votes and share capital in Broström AB (publ) controlled by A.P. Møller – Mærsk A/S after completion of the Offer is expected to be announced on 19 January 2009 as soon as the final number of shares tendered has been calculated. The acceptance period expires 16 January 2009 (16.00 CET).
For further information please contact:
Kristian Mørch, Senior Vice President of Maersk Tankers: +45 3363 4812
Göteborg, 15 January 2009
BROSTRÖM AB (publ)
For further information: Lennart Simonsson, CEO Broström, Tel +46 31 61 61 00