Opica declares the Offer for Capio unconditional
This press release is not and must not, directly or indirectly, be distributed or made public in the United States, Australia, Canada, Japan or South Africa. The Offer is not being made to persons in those jurisdictions or elsewhere where their participation requires further offer documents, filings or other measures in addition to those required by Swedish law
Press release 2 November 2006
Opica declares the Offer for Capio unconditional
· Opica’s holding will after completion of the Offer amount to approximately 97.7% of the shares and votes in Capio
· The acceptance period is extended until 1 December 2006
On 1 September 2006, Opica AB (“Opica”), a company indirectly jointly owned by funds advised by Apax Partners Worldwide LLP, by Nordic Capital Fund VI and by funds advised or managed by Apax Partners SA, announced an offer to the shareholders in Capio AB (publ) (“Capio”) to tender all shares in Capio to Opica for SEK 153 in cash per share (the “Offer”). On 5 October 2006, Opica increased the offer price to SEK 167 in cash per share and extended the acceptance period until 18 October 2006. Opica has thereafter announced a further extension of the acceptance period, until 31 October 2006.
By 31 October 2006, the final day of the extended acceptance period in the Offer, Opica had received acceptances for 97,852,033 shares, representing 96.04 per cent of the total number of shares and votes in Capio. In addition, Opica has acquired 1,662,845 shares in Capio in the open market, representing 1.63 per cent of the total number of shares and votes in Capio. In total, shares in Capio tendered in the Offer and shares acquired by Opica in the open market amount to 99,514,878 shares, representing 97.67 per cent of the total number of shares and votes in Capio.
Opica hereby announces that all conditions to the Offer have been satisfied and that the Offer therefore has become unconditional.
Settlement for shares in Capio duly tendered by 31 October 2006 is expected to begin on
8 November 2006.
In order to provide shareholders in Capio that have not yet tendered their shares with the opportunity to accept the Offer, Opica has decided to extend the acceptance period until 17.00 (CET) on 1 December 2006. Settlement for shares tendered during the extended acceptance period will be made on a weekly basis with first settlement date on 17 November 2006.
Opica has decided to initiate in the near future a compulsory acquisition procedure to acquire the remaining shares in Capio. Opica has also decided to initiate a delisting of the shares in Capio from the Stockholm Stock Exchange. It is expected that an announcement will be made in the near future, after discussions with the Stockholm Stock Exchange, as to when the shares in Capio will be delisted.
Opica may acquire additional Capio shares in the market.
Stockholm, 2 November 2006
Opica AB
Board of Directors
For questions, please contact:
Lars Johansson Robert Andreen Laurent Ganem
Apax Partners Stockholm Nordic Capital Apax Partners SA
Tel. +46 8 545 074 00 Tel. +46 8 440 50 50 Tel. +33 1 53 65 01 00
------------------------------------------------------------
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=312398&fn=wkr0001.pdf Press release as pdf