EQT: ESML Intressenter AB's Extends the Acceptance Period in the Offer for Securitas Direct.
STOCKHOLM, Sweden -- * ESML Intressenter AB extends the acceptance period in the offer for Securitas Direct until 19 February 2008. The terms of the extended Offer will be announced no later than Tuesday, 5 February 2008, following the publication of Securitas Direct's report for the fourth quarter 2007.
* ESML Intressenter and Securitas Direct's Independent Committee are currently pursuing discussions regarding the terms of the extended Offer.
* ESML Intressenter has so far reached an acceptance level of 54.1 and 67.8 per cent of capital and voting rights, respectively.
On 13 November 2007, ESML Intressenter AB ("ESML Intressenter") announced an offer to the shareholders and holders of warrants in Securitas Direct AB (publ) ("Securitas Direct") to tender their shares in Securitas Direct to ESML Intressenter for SEK 26.00 in cash per share and SEK 8.60 per warrant (the "Offer"). ESML Intressenter has been established by EQT V, SakI AB, Investment AB Latour and Melker Schorling AB in order to carry through the offer for Securitas Direct.
Based on a preliminary review of acceptances received at the end of the acceptance period on 1 February 2008 141,335,778 series B shares had been tendered into the Offer. Together with the 17,142,600 series A shares and 39,153,900 series B shares presently held by SakI AB, Investment AB Latour and Melker Schorling AB this corresponds to 54.1 per cent of the share capital and 67.8 per cent of the voting rights in Securitas Direct. Excluding the aforesaid holdings of SakI AB, Investment AB Latour and Melker Schorling AB, the tendered shares correspond to 38.7 per cent of the share capital and 27.2 per cent of the voting rights in Securitas Direct. In addition, warrants representing 3,690,000 of shares of series B have been tendered, corresponding to 1.0 per cent of the capital in Securitas Direct on a fully diluted basis. ESML Intressenter expects that a final counting and review of acceptances received could increase the acceptance level, although not substantially.
ESML Intressenter extends the acceptance period to 19 February 2008 and will announce the terms of the extended Offer no later than Tuesday 5 February 2008, following the publication of Securitas Direct's report for the fourth quarter 2007. Holders who have already tendered their shares or warrants will benefit from the extended Offer without further action.
ESML Intressenter and Securitas Direct's Independent Committee are currently pursuing discussions regarding the terms of the extended Offer.
For further information regarding the Offer see ESML Intressenter's Offer Document, dated 3 December 2007.
Stockholm, 4 February 2008
ESML Intressenter AB
Board of Directors
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|Date:||Feb 4, 2008|
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