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.