|By Business Wire||
|January 24, 2014 04:23 AM EST||
Reference is made to the stock exchange notice from Hexagon AB (STO:HEXAB) on 20 December 2013 (the “Announcement”) related to the recommended unconditional cash offer for the remaining shares in Veripos Inc. (“Veripos”) not already owned by Hexagon Acquisition Ltd. (the “Offer”), an indirectly wholly owned subsidiary of Hexagon AB (Hexagon AB and Hexagon Acquisition Ltd. hereinafter jointly referred to as “Hexagon”), and the offer document related to the Offer dated 23 December 2013.
Hexagon currently owns 9,092,490 shares in Veripos, representing 27.4 per cent of the outstanding shares of Veripos. As communicated in the Announcement, Hexagon has received pre-acceptances of the Offer from shareholders holding an additional 853,569 shares, representing 2.6 per cent of the outstanding shares in Veripos. Hexagon has further, as per today, received acceptances of the Offer from shareholders holding an additional 7,009,706 shares, representing 21.2 per cent of the outstanding shares of Veripos. Accordingly, Hexagon owns, has received pre-acceptances and has, as per today, received acceptances for 16,955,765 shares, representing 51.2 per cent of the total shares in Veripos.
The acceptance period for the Offer expires on 29 January 2014, subject to further extensions, but however not beyond 7 February 2014.
SEB Corporate Finance is acting as financial adviser for Hexagon.
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data, to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has more than 14,000 employees in over 40 countries and net sales of about 2,400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and manufacturing. Learn more at www.hexagon.com.
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