Orc Group AB (publ) files for delisting
Cidron Delfi Intressenter AB (“Cidron Delfi Intressenter”), an indirectly wholly-owned subsidiary to Nordic Capital VII Limited, has on 31 January 2012 completed the public tender offer for Orc Group AB (publ) (“Orc” or the “Company”). Cidron Delfi Intressenter controlled after the regular acceptance period 95.5 percent of the shares in Orc and after the prolonged acceptance period, which expired on 14 February 2012, 98.8 percent. Cidron Delfi Intressenter has also notified the Board of Directors in Orc that they have decided to initiate mandatory squeeze-out proceedings regarding the remaining shares in the Company.
Based on the above, the Board of Directors of Orc considers that it is no longer justified for the Company to remain listed and has therefore decided to request that the shares of the company are delisted from NASDAQ OMX Stockholm. Last day for trading in the Company’s shares on NASDAQ OMX Stockholm will be announced as soon as the Company has received notice thereof from NASDAQ OMX Stockholm.
Stockholm 16 February 2012
The Board of Directors of Orc Group AB (publ)
For further information, please contact:
Patrik Enblad, Chairman of the board of Orc Group AB, phone: +46 8 506 477 79
About Orc Group
Orc Group is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses.
The Orc Group serves customers through three business units, each with distinctive offerings:
- Orc develops and provides the tools needed to run profitable trading and brokerage businesses.
- Neonet offers professional market participants flexible, independent and transparent execution services.
- CameronTec is the financial industry leader in FIX infrastructure and connectivity solutions.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.
Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
For additional information, visit www.orc-group.com
The information in this press release is subject to the disclosure requirements of Orc Group AB under the Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released for publication on 16 February 2012 at 5.00 p.m. (CET).
N.B. The English text is a translation of the Swedish text. In case of discrepancy between the Swedish and the English text the Swedish version shall prevail.
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