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2007-08-17 09:10:00 CEST 2007-08-17 09:10:00 CEST REGULATED INFORMATION Salcomp Oyj - Company AnnouncementSALCOMP HAS RECEIVED A PRESS RELEASE FROM NORDSTJERNANSalcomp Plc Stock Exchange Release 17 August 2007 at 10.10 Finnish time SALCOMP HAS RECEIVED A PRESS RELEASE FROM NORDSTJERNAN Salcomp Plc (Salcomp) has today received information according to which Nordstjernan AB (Nordstjernan) has on 16 August 2007 exercised its option to purchase 8,728,550 shares, corresponding to 22.4 percent of the entire share capital and votes, of Salcomp from EQT II B.V. The acquisition will be subject to approval by the relevant competition authorities. Nordstjernan's ownership in Salcomp will, after receiving such approval, amount to 52.3 percent and Nordstjernan will thereby reach the mandatory bid threshold according to the Securities Markets Act. Nordstjernan has notified that after receiving the relevant authority approvals, which have a handling time of approximately one month, it will as required by the Securities Markets Act make a mandatory bid for all outstanding shares in Salcomp at the highest price for which Nordstjernan has acquired shares in Salcomp during the last six months, i.e. EUR 4.01 per share. The Board of Directors of Salcomp will investigate the matter and will according to the Securities Markets Act announce its opinion on the final offer at the latest after the tender offer document has been published, but concludes preliminary already in this stage that the price to be offered is rather unsatisfactory. The Board of Directors has appointed Roschier, Attorneys Ltd. to act as its legal adviser in the matter. Salcomp Plc Markku Hangasjärvi Further information: Markku Hangasjärvi, President and CEO, tel. +358 040 7310 114 Antti Salminen, CFO, tel. +358 40 535 1216 ENCLOSURE: Nordstjernan AB press release 17 August 2007 Distribution: Nordic Exchange, Helsinki The main media www.salcomp.com Nordstjernan AB press release 17 August 2007 at 9:00 Swedish time Nordstjernan increases its ownership in Salcomp to 52.3 percent Nordstjernan AB (Nordstjernan) has on August 16, 2007 exercised its option to purchase 8,728,550 shares, corresponding to 22.4 percent of the entire share capital and votes, of the Finnish listed company Salcomp Plc (Salcomp) from EQT II B.V. (EQT). The acquisition will be subject to approval by the relevant competition authorities. Nordstjernan's ownership in Salcomp will, after receiving such approval, amount to 52.3 percent and Nordstjernan will thereby reach the mandatory bid threshold according to the Finnish Securities Markets Act. After receiving the relevant authority approvals, which have a handling time of approximately one month, Nordstjernan will as required by the Finnish Securities Markets Act make a mandatory bid for all outstanding shares in Salcomp at the highest price for which Nordstjernan has acquired shares in Salcomp during the last six months, i.e. EUR 4.01 per share. “Salcomp has continued to develop well, achieving strong results in the second quarter of 2007. We look forward to take part in the future development of the company,” says Tomas Billing, President of Nordstjernan. “We will now, after the relevant authority approvals, make a mandatory bid as required by the Finnish Securities Markets Act. However, we do not expect the bid to gain large acceptance, as the offered price is below the current price on the stock exchange. Tomas Billing President Nordstjernan AB Please refer questions to: Tomas Billing, President of Nordstjernan, +46 8 788 50 18 or +46 706 66 33 46 Nordstjernan is a family-controlled investment company that creates growth in value through long-term and active ownership of Nordic companies. More information on Nordstjernan can be found on www.nordstjernan.se” |
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