OMX Nordic Exchange Stockholm will not take any actions against Racon Holding AB

On June 12th, 2007, four institutional investors filed a complaint to the Nordic Exchange about Racon Holding AB had contravened with the exchange’s takeover rules in connection to the public bid to acquire Invik & Co AB. After having investigated the matter, the exchange have found no reason to take any measures against Racon Holding AB.

Parties that have the intention to make a public offer on a listed company on the OMX Nordic Exchange Stockholm (the Exchange) are by law required to make a formal undertaking with the Exchange to comply with the Exchange’s rules on public takeover bids on the stock market. In that way the Exchange gets a possibility to practice sanctions against parties that doesn’t comply with the rules.

In a report to the Exchange of June 12th, 2007 four institutional investors (the Institutions) claimed that Racon Holding AB (Racon) had violated the takeover rules in connection with the public offer from Racon to acquire Invik & Co AB. The Institutions argued that Racons had contravened the rules by offering different reimbursement for A-shares than for B-shares.

In connection to its investigation, the Exchange has obtained a statement from the Securities Council (Aktiemarknadsnämnden) regarding the case. That statement is attached to the Swedish version of this message (in the pdf-file).

The Exchange has completed its investigation and can conclude that there are no reasons to take any actions against Racon.