X Close
TMCnet - World's Largest Communications and Technology Community



Hexagon Owns and Has Received Acceptances for a Total of 95.8 Per Cent of the Shares in Veripos
[January 30, 2014]

Hexagon Owns and Has Received Acceptances for a Total of 95.8 Per Cent of the Shares in Veripos

NACKA STRAND, Sweden --(Business Wire)--

Regulatory News:

Hexagon AB (STO:HEXAB)

Reference is made to the stock exchange notice from Hexagon AB on 20 December 2013 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"), the offer document related to the Offer dated 23 December 2013 and the announcement of the extension of the acceptance period of the Offer on 29 January 2014.

Hexagon has, as per today, received acceptances of the Offer from shareholders holding in total 21,678,398 shares, representing 65.4 per cent of the outstanding shares of Veripos. Hexagon currently owns 10,055,090 shares in Veripos, representng 30.3 per cent of the outstanding shares of Veripos. Accordingly, Hexagon owns and has, as per today, received acceptances for 31,733,488 shares, representing 95.8 per cent of the total shares in Veripos.

The acceptance period for the Offer expires on 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.

This information was brought to you by Cision http://news.cision.com

[ Back To TMCnet.com's Homepage ]

Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.


© 2015 Technology Marketing Corporation. All rights reserved | Privacy Policy