PERGO ANNOUNCES APPLICATION FOR DELISTING OF SHARES AND NEW DATE FOR Q1 REPORT
Trelleborg – March 9, 2007. Pergo AB (publ.) (“Pergo”) (Nordic Exchange: PERG), a leading international flooring company, today announced that the Board of Directors has decided to apply to the Stockholm Stock Exchange for the delisting of its shares, with the last trading date to be as soon as possible. This follows a request from Pfleiderer Sweden AB (“Pfleiderer”), which now owns 51,908,083 Pergo shares following the first settlement of its recommended public cash offer for Pergo’s issued and outstanding share capital. The holding is equivalent to 96.9% of Pergo’s shares and voting rights. The Board of Directors noted in its application that recent trading in the stock has been sporadic, and that Pfleiderer has initiated proceedings in respect of the compulsory redemption of the outstanding shares from the remaining Pergo shareholders. A notice regarding this procedure will be published in ‘Post-och Inrikes Tidningar’ and ‘Svenska Dagbladet’ as soon as possible.
In connection with the ongoing offer, Pergo has also today announced that the date for the announcement of its financial results for the first quarter ending March 31, 2007 has been changed from April 27, 2007 to May 9, 2007.
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For further information, please visit www.pergo.com or contact:
Tony Sturrus, CEO
Frida Rosenholm
General Counsel & Head of Investor Relations
Tel: +46 8 790 38 84
Matthew Hooper
Investor Relations
Tel: +44 (0) 20 7321 5010
Email: ir@pergo.com
Pergo is a leading international flooring company with established market positions in Europe and the USA. Pergo generated net sales of approximately SEK 3 billion in 2006 and employs over 600 people. Pergo developed laminate flooring at the end of the 1970s and launched its product in Europe during the 1980s. The Company began selling its products in the US in 1994, in Asia in 1995, and in Latin America in 1997. The Company’s products have been marketed under the PERGO® brand since 1989 and under the SimpleSolutions brand since 2005.
The Company’s shares are listed in the Mid Cap Industrials sector of the Nordic Stock Exchange under the symbol ‘PERG’.