|
(Back)
10.12.2001 VIS - Makes a tender offer for LiinosThe Board of Directors of Visma ASA ("Visma") has resolved to make a public tender offer (the "Tender Offer") to purchase all the issued and outstanding shares in Liinos Plc. ("Liinos"), a company incorporated in Finland and listed on the NM-list of the Helsinki Stock Exchange. Through the acquisition, Visma will establish a strong foothold in the Finnish market and take an important step towards building a Pan-Nordic platform. The shareholders of Liinos will be offered 0.289 shares in Visma per share in Liinos. All shareholders of Liinos may however elect to receive a cash consideration of EUR 2.50 for up to 1,200 of their Liinos Shares.T he Board of directors of Liinos has on 9 December 2001 unanimously given a preliminary recommendation of the Tender Offer to the shareholders in Liinos. Majority shareholders in Liinos together representing 50% of the shares and votes in Liinos have unconditionally and irrevocably accepted the Tender Offer through a share exchange agreement entered into on 9 December 2001. The offer period is expected to commence at 2 January 2002 and end on 17 January 2002, both days inclusive. The Tender Offer is conditional upon, inter alia, receiving 90% acceptance level and approval from the Extraordinary General Meeting in Visma to issue shares in connection with the Tender Offer, scheduled to take place 11 January 2002. The resolution of the Shareholders Meeting of Visma will be communicated to the Shareholders of Liinos prior to the expiry of the Offer Period. The full press release regarding the Tender Offer, including the background and reasons for the Tender Offer are attached hereto. Visma For further information please contact: �ystein Moan CEO, Visma +47 2315 8165 +47 9208 0000 Matti H�ll CEO, Liinos +358 14 445 0529 +358 400 641 972 |