New ETF Book by Larry Connors - Click here to read more
After a preliminary acceptance count, Hakon Invest hereby confirms that shareholders holding in total 9,647,109 shares in Hemtex, representing 23.5 per cent of the total number of shares and votes, have accepted the Offer or have sold shares to Hakon Invest outside the Offer. Consequently, based on the preliminary acceptance count, following settlement of the Offer, Hakon Invest will control 22,926,653 shares in Hemtex, representing 55.8 per cent of the shares and votes in Hemtex.
As previously announced on June 17, 2009, the condition to the Offer, being Hakon Invest receiving the necessary approvals from competition authorities, has been satisfied and Hakon Invest will complete the Offer.
Settlement in respect of shareholders who accepted the Offer during the original acceptance period, i.e. no later than on June 22, 2009, and who do not withdraw their acceptances prior to June 26, 2009, is estimated to occur on June 29, 2009.
Settlement in respect of shareholders that accept the Offer during the extended acceptance period is estimated to occur on or about July 13, 2009.
Hakon Invest may acquire additional shares in Hemtex in the market during the extended acceptance period.
For more information, contact:
+----------------------------------------------------------------+ | SVP Investments & Portfolio Companies | CEO | | Stein Petter Ski | Claes-Goran Sylven | | tel. +46-8-55 33 99 44 | tel. +46-8-55 33 99 64 | | | | +----------------------------------------------------------------+
Hakon Invest, which is listed on Nasdaq OMX Stockholm, conducts active and long-term investment operations in retail-oriented companies in the Nordic region. Hakon Invest owns 40% of ICA AB, one of the Nordic region's leading retail companies with a focus on food. The portfolio also includes shares in Forma Publishing Group, Kjell & Company, Hemma, Cervera, inkClub and Hemtex. Further information about Hakon Invest is available at www.hakoninvest.se
Offer Restrictions
The Offer is not being made to persons whose participation in the 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.
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 Hakon Invest. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions may be disregarded.
The 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 the United States of America, Australia, Canada, Japan or South Africa, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within the United States of America, Australia, Canada, Japan or South Africa. 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 the United States of America, Australia, Canada, Japan or South Africa.
Hakon Invest will not deliver any consideration from the Offer into the United States of America, Australia, Canada, Japan or South Africa.
This press release is not being, and must not be, sent to shareholders with registered addresses in the United States of America, Australia, Canada, Japan or South Africa. Banks, brokers, dealers and other nominees holding shares for persons in the United States of America, Australia, Canada, Japan or South Africa must not forward this press release or any other document received in connection with the Offer to such persons.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
SOURCE: Hakon Invest AB
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
