Nidron Holding controls more than 90 per cent of the shares in Fenix Outdoor and completes the offer..

..and extends the acceptance period to Friday July 4, 2014

THIS PRESS RELEASE MAY NOT, DIRECTLY OR INDIRECTLY, BE DISTRIBUTED OR PUBLISHED IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR THE UNITED STATES OF AMERICA. THE OFFER IS NOT BEING MADE TO (AND ACCEPTANCES WILL NOT BE ACCEPTED FROM) PERSONS IN THOSE COUNTRIES OR ELSEWHERE WHERE THEIR PARTICIPATION REQUIRES FURTHER DOCUMENTATION, FILINGS OR OTHER MEASURES IN ADDITION TO THOSE REQUIRED BY SWEDISH LAW.

Nidron Holding AG (“Nidron”) announced on May 12, 2014 a public share offer to the owners of shares of series B in Fenix Outdoor AB (publ) (“Fenix” or the “Company”) to tender all outstanding shares of series B in Fenix to Nidron (the “Offer”)

The Offer has been accepted by shareholders representing 4,107,041 shares of series B, corresponding to approximately 30.9 per cent of the capital and approximately 11.8 per cent of the votes in Fenix. Together with the shares Nidron already owns and controls and together with the shares Martin Nordin, Stina von der Esch, Maja Cederwell, Philippa Nordin and Charlotte Nordin[1] transfer to Nidron in connection with the completion of the Offer, Nidron now owns and controls (direct and indirect) 2,400,000 shares of series A and 9,958,610 shares of series B in Fenix, corresponding to approximately 93.1 per cent of capital and approximately 97.4 per cent of votes in Fenix. Other than those specified above, Nidron has not acquired any additional shares in Fenix outside the Offer. All conditions for the Offer have been fulfilled. Nidron has decided to declare the Offer unconditional and complete the Offer.

In order to enable shareholders, who have not yet accepted the Offer, the opportunity to participate in the Offer, the acceptance period is extended until 5 pm (CET) on July 4, 2014. As Nidron holds over 90 per cent of the shares in Fenix, Nidron intends, as soon as it is appropriate, initiate a compulsory acquisition procedure to acquire the remaining shares in Fenix and promote a de-listing of Fenix’ shares from NASDAQ OMX Stockholm.

Settlement date for those who have accepted the Offer during the ordinary acceptance period is expected to commence on or about June 26, 2014. For those who accept the Offer during the extended acceptance period, settlement is expected to commence on or about July 15, 2014. First day of trading in Nidron’s shares of series B on NASDAQ OMX Stockholm is expected to be on or about June 26, 2014. Nidron intends to change name to Fenix Outdoor International AG.  

Further information
For further information, please contact: Martin Nordin, phone: +41 79 799 27 58 or visit www.nidronholding.se. The offer document relating to the public share offer is available (only in Swedish) on Nidron’s website www.nidronholding.se and on Handelsbanken’s website www.handelsbanken.se/investeringserbjudande.

The information in this press release was submitted for publication on June 19, 2014 at 8.00 a.m. (CET).

IMPORTANT NOTICE
The Offer is not being made (nor will any acceptance from shareholders or from others on behalf of shareholders) in any jurisdiction in which the making of the Offer or the acceptance of the Offer would not be made in compliance with the laws and regulations of such jurisdiction or where the completion or acceptance of the Offer requires further documentation, filings or other measures in addition to those required under Swedish law, except where there is an applicable exemption. The Offer is not being made, directly or indirectly, by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, e-mail, telex, telephone and the Internet) in or into Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or the United States, and the Offer cannot be accepted in or from Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or the United States. As a result, this announcement, the offer document, the acceptance form and other documentation relating to the Offer will not, and may not, be sent by mail or in any other way be distributed, forwarded or transmitted to, from or within Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or the United States. Nidron will not pay any consideration pursuant to the Offer to, or accept acceptance forms from, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or the United States.

The shares in Nidron have not been, and will not be, registered under the United States Securities Act 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless such registration under the Securities Act is made, or an exemption from such registration is available.

This press release has been published in Swedish and English. In the event that there are any differences between the language versions, the Swedish language version shall prevail.

[1] In total 100,000 shares of series A and 576,500 shares of series B, corresponding to approximately 5.1 per cent of the capital and approximately 4.5 per cent of the votes.