STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
On 28 August 2014, Steenord Corp. (“Steenord”) announced a mandatory public offer to the shareholders in Agrokultura AB (publ) (“Agrokultura”) to acquire all outstanding shares in Agrokultura for SEK 4.50 per share (the “Mandatory Offer”). Completion of the Mandatory Offer was conditional upon the Mandatory Offer and the acquisition of Agrokultura receiving all necessary regulatory, governmental or similar clearances, approvals and decisions, including approvals and clearances from competition authorities in each case on terms, which, in Steenords opinion, are acceptable.
Steenord has, in accordance with the terms of the Mandatory Offer, resolved to waive this condition for completing the Mandatory Offer and declares the Mandatory Offer unconditional.
Steenord has resolved to bring forward the date of settlement for shareholders having accepted the Mandatory Offer prior to 29 September 2014. For such shareholders, settlement is expected to commence around 6 October 2014. Shareholders having accepted the Mandatory Offer may withdraw their acceptances until 17.00 CET on 29 September 2014.
Steenord has been informed by the Board of Directors of Agrokultura that its statement to the shareholders in Agrokultura whether they should accept the Mandatory Offer or not, will be published no later than on 22 September 2014.
The acceptance period will continue until 24 October 2014 and settlement for shareholders having accepted the Mandatory Offer after 29 September 2014, is expected to commence around 31 October 2014. The acceptance period will not be extended.
Road Town, 14 September 2014
The Board of Directors
Steenord discloses the information provided herein pursuant to the Takeover Rules. The information was submitted for publication on 15 September 2014 at 08.30 (CET).
For more information about the Mandatory Offer, please visit https://www.avanza.se/avanzabank/kampanjer/cf/2014/prospekt/index.html.
The Mandatory Offer is not being made to persons whose participation in the Mandatory Offer requires that an additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law and regulations.
This press release and any related offer documentation are not being distributed and must not be mailed or otherwise distributed or sent in or into any country in which the distribution or offering would require any such additional measures to be taken or would be in conflict with any law or regulation in such country. Any such action will not be permitted or sanctioned by Steenord. Any purported acceptance of the Mandatory Offer resulting directly or indirectly from a violation of these restrictions may be disregarded.
The Mandatory Offer is not being made, directly or indirectly, by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the internet) in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States, and the Mandatory Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States. Accordingly, this press release and any related offer documentation are not being and should not be mailed or otherwise distributed, forwarded or sent in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States.
Steenord will not deliver any consideration from the Mandatory Offer into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States.
This press release is not being, and must not be, sent to shareholders with registered addresses in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States. Banks, brokers, dealers and other nominees holding shares for persons in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States must not forward this press release or any other document received in connection with the Mandatory Offer to such persons.
This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.
This information was brought to you by Cision http://news.cision.com