THE COMBINATION AGREEMENT BETWEEN SYSOP
SYSOPEN PLC AND NOVO GROUP PLC
STOCK EXCHANGE RELEASE 29.10.2003 AT 10.40 am
THE COMBINATION AGREEMENT BETWEEN SYSOPEN PLC AND NOVO GROUP PLC
HAS BEEN TERMINATED
Novo Group Plc (Novo Group) has terminated the combination
agreement (Combination Agreement) entered into with SysOpen Plc
(SysOpen) on 25 September 2003.
After the publication of SysOpens Tender Offer WM-data AB (publ.)
has made a competing offer for all Novo shares. The Board of
Directors of Novo Group has decided to withdraw its
recommendation of SysOpens Tender Offer and to
terminate the Combination Agreement.
SYSOPEN PLC
NOVO GROUP PLC
Additional information:
SysOpen Plc
Arto Sahla
Managing Director
Tel. 0424 2020 339
and
Kari Karvinen
Chairman of the Board of Directors
Tel. 0424 2020 304
Novo Group Plc
Veikko Kasurinen
Chairman of the Board of Directors
Tel. 09 1332258, 0400 602251
Distribution:
Helsinki Exchanges
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