Hexagon holds 21.5 per cent of the shares of Veripos and contemplates to purchase up to 3,900,000 additional shares for NOK 34 per share
The acceptance period for the voluntary offer (the “Voluntary Offer”) made by Hexagon Acquisition Ltd for the outstanding shares of Veripos Inc. (“Veripos”) as described in the offer document dated 18 October 2013 (the “Offer Document”) expired yesterday, 25 November 2013, at 16:30 CET. Hexagon AB (“Hexagon”) has today acquired or agreed to acquire 7,130,529 shares in Veripos, representing 21.5 per cent of the outstanding shares of Veripos, for NOK 34 per share.
Hexagon contemplates to purchase up to 3,900,000 additional shares, representing 11.8 per cent of the outstanding shares of Veripos, for NOK 34 per share. The contemplated purchase commences today, 26 November 2013, at 16:30 CET and may be closed at short notice at the full discretion of SEB, acting as manager for the contemplated purchase. If Hexagon completes an acquisition of 3,900,000 additional shares, Hexagon will subsequently own 11,030,529 shares, representing 33.33 per cent of the outstanding shares of Veripos.
Shareholders that would like to sell their shares to Hexagon for NOK 34 per share can contact SEB on +47 21 00 85 32.
Acceptances for a total number of 82,175 shares, representing 0.25 per cent of the outstanding shares, were received during the acceptance period of the Voluntary Offer. Consequently, the completion conditions for the Voluntary Offer, as set out in the Offer Document, have not been met and the Voluntary Offer has lapsed and all tendered shares accepted under the Voluntary Offer have been released. Shareholders that accepted the Voluntary Offer and that would like to sell their shares to Hexagon for NOK 34 per share will need to contact SEB.
SEB Corporate Finance is acting as financial adviser related to Hexagon.
For further information please contact:
Mattias Stenberg, Vice President, Strategy and Communications, Hexagon AB,
+46 8 601 26 27, ir@hexagon.com
Kristin Christensen, Vice President, Corporate Communications, Hexagon AB,
+1 404 554 0972, media@hexagon.com
Karl Skjelbred, SEB Corporate Finance
+47 21 00 85 78, karl.skjelbred@seb.no
Jo Isaksen, SEB Corporate Finance
+47 21 00 85 41, jo.isaksen@seb.no
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data, to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has more than 14,000 employees in over 40 countries and net sales of about 2,400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and manufacturing. Learn more at www.hexagon.com.
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