GEMed converts the Offer to the shareholders in Boss Media into a mandatory offer
• GEMed converts the Offer into a mandatory offer
• GEMed waives all conditions for the Offer, with the exception of receiving all necessary permits from authorities
• The acceptance period for the Offer runs until 27 February 2008
On 1 February 2008, GEMed AB, indirectly jointly owned by GTECH Corporation (“GTECH”) and Medströms AB (“Medströms”), announced a public cash offer to the shareholders in Boss Media AB (publ) (“Boss Media” or the “Company”) to tender all outstanding shares in Boss Media to GEMed (the “Offer”).
On 13 February 2008 GEMed increased the offer price to SEK 25 per share in Boss Media. On the same day the Board of Directors of Boss Media unanimously recommended the Offer.
GTECH has during the acceptance period increased its shareholding in Boss Media and holds, per 15 February 2008, approximately 27.9 million shares in Boss Media. Medströms, directly and indirectly, holds approximately 7.2 million shares in Boss Media. Together GTECH and Medströms accordingly hold approximately 35.1 million shares in Boss Media representing approximately 61.5 per cent of the voting rights and the share capital in Boss Media. Accordingly, the rules regarding mandatory bids in the Stock Market Takeover Bids Act (2006:451) become applicable.
As a consequence of the rules regarding mandatory bids GEMed hereby announces that the Offer is converted into a mandatory offer and that all conditions for the completion of the Offer, with the exception of receiving all necessary permits from authorities, in each case having been received on terms acceptable to GEMed, are hereby waived. The Offer is accordingly, inter alia, not conditional upon that the Offer is accepted to such extent that GEMed becomes the owner of more than 90 per cent of the total number of shares and votes in Boss Media.
The acceptance period for the Offer runs until 27 February 2008. Settlement is expected to commence around 6 March 2008.
Information regarding the procedure for accepting the Offer is set out in the offer document made public on 6 February 2008 and which is available on www.gemed.se.
GEMed reserves the right to withdraw the Offer in the event that it is clear that the aforementioned condition regarding necessary permits from authorities is not fulfilled or cannot be fulfilled. Such withdrawal will however only be made if the defective fulfilment of such condition is of material importance for GEMed’s acquisition of shares in Boss Media. GEMed reserves the right to waive, in whole or in part, the condition above.
Furthermore, GEMed reserves the right to extend the acceptance period for the Offer and in relation thereto prescribe that the condition above shall apply also during such an extension. An eventual extension of the acceptance period will not delay the payment of consideration to those who have already accepted the Offer.
For further information, please contact:
GTECH Corporation media contact:
Bob Vincent, Vice President of Corporate Communications, +1 401 219 1012
www.GTECH.com
Medströms AB media contact:
Jan Westholm, CFO, +46 707 42 52 46
www.medstroms.se
GEMed’s transaction web site
www.gemed.se
Addtitional media contacts:
Erik Åfors, Vero Kommunikation AB, +46 734 340 770