The acceptance period for the voluntary offer (the “Voluntary Offer”) made by Hexagon Acquisition Ltd for the outstanding shares of Veripos Inc. (“Veripos”) as described in the offer document dated 18 October 2013 (the “Offer Document”) expired yesterday, 25 November 2013, at 16:30 CET. Hexagon AB (“Hexagon”) has today acquired or agreed to acquire 7,130,529 shares in Veripos, representing 21.5 per cent of the outstanding shares of Veripos, for NOK 34 per share.
Hexagon contemplates to purchase up to 3,900,000 additional shares, representing 11.8 per cent of the outstanding shares of Veripos, for NOK 34 per share. The contemplated purchase commences today, 26 November 2013, at 16:30 CET and may be closed at short notice at the full discretion of SEB, acting as manager for the contemplated purchase. If Hexagon completes an acquisition of 3,900,000 additional shares, Hexagon will subsequently own 11,030,529 shares, representing 33.33 per cent of the outstanding shares of Veripos.
Shareholders that would like to sell their shares to Hexagon for NOK 34 per share can contact SEB on +47 21 00 85 32.
Acceptances for a total number of 82,175 shares, representing 0.25 per cent of the outstanding shares, were received during the acceptance period of the Voluntary Offer. Consequently, the completion conditions for the Voluntary Offer, as set out in the Offer Document, have not been met and the Voluntary Offer has lapsed and all tendered shares accepted under the Voluntary Offer have been released. Shareholders that accepted the Voluntary Offer and that would like to sell their shares to Hexagon for NOK 34 per share will need to contact SEB.
SEB Corporate Finance is acting as financial adviser related to Hexagon.