Skandia Life offer for Diligentia unconditional
Skandia Life offer for Diligentia unconditional The acceptance period for the offer by Skandia Life Insurance Company Ltd (Skandia Life), through its wholly owned subsidiary Skandia Life Insurance Company Real Estate Investments Ltd (Skandia Life Real Estate Investments), to shareholders in Diligentia AB (Diligentia), expired on May 10, 2000. Skandia Life Real Estate Investments controls 93.4 % of the total shares and voting rights in Diligentia and all conditions for the offer have now been satisfied. As a result, the offer is declared unconditional. Payment for shares tendered in the offer will commence on May 30, 2000. Skandia Life Real Estate Investments is extending the offer until May 31, 2000, for shareholders who have not yet submitted their acceptance. The right to withdraw acceptance does not apply during the extension. Payment for shares submitted during the extended acceptance period is expected to commence on or about June 15, 2000. Skandia Life Real Estate Investments reserves the right to acquire shares in Diligentia on the stock market. Skandia Life Real Estate Investments intends to commence compulsory redemption of the remaining shares in Diligentia after the extended acceptance period. In conjunction with this, an application for the delisting of Diligentia's shares will be submitted to OM Stockholm Exchange. Skandia Life Insurance Company Ltd (publ) Skandia Life Insurance Company Real Estate Investments Ltd For further information, please contact: Ulf Spång, Chief Financial Officer, Skandia, tele +46-8-788 29 05 Håkan Lennarsand, Head of Real Estate, Skandia, tele +46-8-788 3306 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/16/20000516BIT00290/bit0001.doc http://www.bit.se/bitonline/2000/05/16/20000516BIT00290/bit0002.pdf