Scribona Consummates the Voluntary Offer and Issues 16.8 Million B-Shares.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--April 24, 2001 Shareholders altogether representing 95.4% of the shares in PC LAN (1) A network of IBM or IBM-compatible PCs. (2) A network of any variety of computers. ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and ("PC LAN") have accepted Scribona AB's ("Scribona") voluntary offer to acquire all outstanding shares in PC LAN. In connection with the offer an acquisition notice was sent to the Norwegian Ministry of Industry and Trade. The processing period in connection with the offer elapsed e·lapse intr.v. e·lapsed, e·laps·ing, e·laps·es To slip by; pass: Weeks elapsed before we could start renovating. n. without any remarks from the Norwegian Ministry of Industry and Trade and, consequently, Scribona's acquisition of PC LAN has been approved. All conditions to the offer have therefore been met and Scribona's board of directors has today resolved to consummate To carry into completion; to fulfill; to accomplish. A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife. the offer. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the authorisation given to the board of directors by the general meeting on February 28, 2001, Scribona will issue 16,821,980 Scribona B-shares as settlement for the PC LAN shares acquired in connection with the voluntary offer. The new B-shares will be accessible on the new shareholders' VPS (1) (Vectors Per Second) The measurement of the speed of a vector or array processor. See vector, vector processor and array processor. (2) (Virtual Private Server) See OS virtualization. accounts (the Norwegian Registry of Securities) within 14 days as of today. Scribona has applied for a secondary listing of its B-shares on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. . The application is expected to be processed by the board of Oslo Stock Exchange on April 25, 2001. First day of listing for the B- shares is expected to be the day after the shares have been registered on the new shareholders' VPS accounts. By consummating the voluntary offer Scribona has acquired so many shares in PC LAN (95.4% of the shares and the votes) that Scribona is required to set forward a mandatory offer to the other shareholders in PC LAN. Scribona's board of directors today resolved to set forward a mandatory offer to the other shareholders in PC LAN according to the Norwegian Securities Trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the Act. The mandatory offer will as soon as practicably possible be made public through an offering circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. . In connection with the mandatory offer Scribona's board of directors today also resolved to initiate a compulsory acquisition of the shares owned by the other PC LAN shareholders according to the Norwegian Public Limited Companies Act, ss. 4-25. The resolution of the compulsory acquisition is expected to be effective on the first day of the mandatory offer period and will be documented in the offering circular for the mandatory offer. Further information will be released through notices on Oslo Stock Exchange's information system in advance of or in connection with the release of the offering circular for the mandatory offer and the compulsory acquisition. Facts about Scribona AB Scribona is the Nordic leader in the market for IT products, offering the customers cutting-edge product expertise, the industry's leading e-commerce systems, optimized product availability and a wide range of complementary services. Scribona's operations are organized in three business areas: ss. Scribona Solutions - value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. distribution of IT infrastructure ss. Scribona Distribution - effective volume distribution of IT products ss. Scribona Brand Alliance - exclusive agency for leading brands ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se ----------------- The following files are available for download: http://www.bit.se/bitonline/2001/04/24/20010424BIT01650/bit0001.doc ------------------------------------------------------------------- http://www.bit.se/bitonline/2001/04/24/20010424BIT01650/bit0001.pdf ------------------------------------------------------------------- |
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