EQT: ESML Intressenter Increases Its Shareholding to above 90 Procent and Prepares for Compulsory Squeeze-out in Securitas Direct.STOCKHOLM, Sweden -- The offer referred to in this press release is not being made (nor will any tender of shares be accepted from or on behalf of holders) in any jurisdiction in which the making of the offer or the acceptance of any tender of shares therein would not be made in compliance with the laws of such jurisdiction. The offer is not being made, directly or indirectly, in or into Australia, Canada, Japan or South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . During the autumn 2007, ESML ESML - Extended Systems Modelling Language: a real-time software engineering methodology based on RTSA. Intressenter AB ("ESML"), wholly owned by EQT EQT Environmental Qualification Test EQT Engine Qualification Test EQT Engineering Qualification Testing EQT Equatorial Crossing Time EQT Emotional Quotient Theory EQT Engineer Qualification Tables V Limited, announced a public cash offer for all shares in Securitas Direct AB. The offer was completed on 20 March 2008, at which time ESML reached an ownership of approximately 80 percent of all shares in the company. The Securitas Direct B-share was de-listed from OMX OMX Office Max (stock symbol) Nordic Exchange Stockholm on 15 August 2008. ESML hereby announces that the company through continuous acquisitions of shares in Securitas Direct AB has reached an ownership of more than 90 percent. ESML is now preparing the initiation of compulsory squeeze-out of the remaining minority shares. The acquisitions have been made partly through an offer during the last couple of weeks to Swedish shareholders with minor holdings, partly through the acquisition of the approximately 10 percent stake held by the US hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" Pennant. The majority of the acquisitions have been made at a price below, and none at a price exceeding, the public cash offer made by ESML, i.e. SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 27.50. The Pennant holding was acquired at SEK 26.25 per share. Announcement of initiation of compulsory squeeze-out will be made through a press release and through information on the websites of EQT and Securitas Direct AB. Stockholm October 21, 2008 ESML Intressenter AB This information was brought to you by Cision http://www.cisionwire.com |
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