CDON Group has increased its holding in Tretti to 98.1 percent during the final acceptance period for the offer
This press release must not, directly or indirectly, be distributed to or within the United States of America, Australia, Japan, Canada, South-Africa or New Zealand.
CDON Group AB (publ) (“CDON Group” or “the Group”) (Nasdaq OMX Stockholm Mid Cap: CDON), one of the leading e-commerce groups in the Nordic region, announced a recommended cash offer to the shareholders in Tretti AB (publ) (“Tretti”) on 28 April 2011, to tender all the shares in Tretti to CDON Group for SEK 67.25 in cash per share (“the Offer”). The Offer was declared unconditional on 30 May 2011 and, in connection thereto, the acceptance period was extended up until and including 10 June 2011. During the extended and final acceptance period an additional 69,112 shares, corresponding to 1.3 percent of the outstanding shares and votes in Tretti, have been tendered into the Offer. The Offer has in total been accepted by shareholders representing 5,044,712 shares, corresponding to 98.1 percent of the outstanding shares and votes in Tretti.
Settlement for those shareholders who have accepted the Offer during the final acceptance period will be made on or around 17 June 2011.
At the time of the announcement of the Offer, CDON Group did not own, and has not acquired outside of the Offer, any shares in Tretti.
CDON Group intends to call for compulsory acquisition of the remaining shares in Tretti in accordance with the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) and intends to delist the Tretti shares from NASDAQ OMX First North.
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For further information, visit cdongroup.com/cashoffer or contact:
Investor and analyst enquires:
Martin Edblad, Chief Financial Officer
Tel: +46 (0) 70 080 75 03
Email: ir@cdongroup.com
Press enquires:
Fredrik Bengtsson, Head of Communications
Tel: +46 (0) 70 080 75 04
Email: press@cdongroup.com
CDON Group in brief
CDON Group is one of the leading e-commerce groups in the Nordic region. Established in 1999, the Group has continuously expanded its product portfolio and is now a leading e-commerce player in the Entertainment (CDON.COM, BookPlus.fi, Lekmer.com), Fashion (Nelly.com, LinusLotta.com, Heppo.com), Sport & Health (Gymgrossisten.com, Bodystore.com) and Home & Garden (Tretti.com and RUM21.se) segments. The group reported revenues of SEK 2.2 billion for the full year 2010. CDON Group is listed on the NASDAQ OMX Stockholm Mid-cap list.
Disclaimer
The Offer is not being made to persons whose participation in the Offer requires that any additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law. This press release the offer document and any documentation relating to the Offer are not being distributed and must not be mailed or otherwise distributed or sent in or into any country in which the distribution or offering would require any such additional measures to be taken or would be in conflict with any law or regulation in such country – any such action will not be permitted or sanctioned by CDON Group. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions may be disregarded.
The Offer is not being made, directly or indirectly, in or into the United States of America, Australia, Japan, Canada, New Zealand or South Africa by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the Internet) of interstate or foreign commerce, or of any facility of national security exchange, of the United States of America, Australia, Japan, Canada, New Zealand or South Africa, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within, the United States of America, Australia, Japan, Canada, New Zealand or South Africa. Accordingly, this press release and any documentation relating to the Offer are not being and should not be mailed or otherwise distributed, forwarded or sent into the United States of America, Australia, Japan, Canada, New Zealand or South Africa. CDON Group will not deliver any consideration from the Offer into the United States of America, Australia, Japan, Canada, New Zealand or South Africa.
The information in this announcement is that which CDON Group AB is required to disclose under the Securities Markets Act. This information was released for publication at 8:00 CET on 14 June 2011.