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Velcro shares purchase.

Velcro Industries N.V. (based in Curacao), holding company of the Velcro companies and an industry leader in hook and loop fasteners, on June 10 announced it was advised that Cohere Ltd paid for 501,536 shares of VINV common stock tendered by other shareholders between May 4-June 1, 2009 under the procedure established by Cohere in connection with the default judgment rendered on April 6, 2009 by the Netherlands Antilles court sitting in Curacao. After giving effect to the transfer of these 501,536 shares to Cohere, 183,214 shares, representing less than three quarters of 1% of VINV's outstanding common stock, are held by shareholders other than Cohere.VINV has been advised that Cohere expects to deposit sufficient funds with the Central Bank of the Netherlands Antilles to pay for all 183,214 remaining VINV shares and that delivery of the Deposit to the Central Bank of the Netherlands Antilles ill automatically result in the transfer of the remaining shares to Cohere. Details: Web: www.velcroindustriesnv.com.
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Title Annotation:NETHERLANDS ANTILLES
Publication:Caribbean Update
Article Type:Brief article
Date:Jul 1, 2009
Words:169
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