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2007-10-23 13:15:11 CEST 2007-10-23 13:15:11 CEST Perlos - Tender offerPRELIMINARY RESULT OF LITE-ON TECHNOLOGY S TENDER OFFER FOR PERLOS, LITE-ON TECHNOLOGY WILL COMPLETE THE TENDER OFFERLITE-ON TECHNOLOGY CORPORATION STOCK EXCHANGE RELEASE 23 OCTOBER 2007 AT 2.15 P.M. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG OR SOUTH AFRICA. Lite-On Technology Corporation ("Lite-On") announced on 13 August 2007 a public cash tender offer for all issued and outstanding shares and options of Perlos Corporation ("Perlos"), (the "Tender Offer"). The Tender Offer is made by Lite-On (Finland) Oy (the "Offeror"), which is a wholly-owned subsidiary of Lite-On. The tender offer period commenced on 3 September 2007 and the extended tender offer period ended on 22 October 2007. As a preliminary result of the Tender Offer based on the validly given acceptances of shares, the Offeror's ownership will reach 95.40 per cent of the shares and votes in Perlos (counted before taking into account dilution from the exercise of stock options). Should the validly tendered options be taken into account and the proportion of share capital and voting rights be calculated in relation to the number of shares in a situation in which all the options issued by Perlos would have been converted into shares, the Offeror's holding in Perlos would be 95.14 per cent of share capital and voting rights. Lite-On will announce the final result of the Tender Offer on or about 29 October 2007. As all conditions for the Tender Offer have been satisfied, Lite-On will complete the Tender Offer in accordance with its terms and conditions. The Tender Offer consideration will be paid to the shareholders and the option holders who have validly accepted the Tender Offer on or about 1 November 2007. If the bank account of a shareholder or an option holder is at a different bank than the shareholder's or option holder's book-entry account where applicable, consideration for shares or options will be paid into the bank account at the latest on or about 5 November 2007. The Offeror's intention is to acquire all issued and outstanding shares in Perlos. As the Offeror's ownership in Perlos upon the settlement of the completion trades will exceed nine-tenths (9/10) of the shares in Perlos and of the total votes attached thereto, the Offeror will initiate a redemption proceeding for the remaining shares in Perlos under the Finnish Companies Act. Lite-On has previously published information concerning the Tender Offer in a Tender Offer document dated 30 August 2007 and in stock exchange releases dated 13 August 2007, 30 August 2007, 5 October 2007 and 8 October 2007. LITE-ON TECHNOLOGY CORPORATION Disclaimer These materials are not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the shares has not registered, and does not intend to register, any portion of the offering in the United States and does not intend to conduct a public offering of shares in the United States. This stock exchange release must not be published, released or otherwise distributed in whole or in part in or into the United States, Canada, Japan or Australia. This stock exchange release is neither an offer to purchase nor a solicitation for an offer to sell shares, and the tender offer will not be made directly or indirectly in the United States, Canada, Japan, Australia, Hong Kong or South Africa or any other jurisdiction where such an offer would violate laws of that jurisdiction. This stock exchange release and tender offer will not and may not be distributed, forwarded or transmitted in any way, such as by post, fax, email or telephone, or in any other way to or from areas where it would violate the law. Further information: Andrew Lin Chief Financial Officer Lite-On Technology Corporation +886-2-8798-2888 liteontechpr@liteon.com DISTRIBUTION Helsinki Stock Exchange Central media www.perlos.com |
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