Page
1 (4)
Date Reference
30 August 2012 CU 12:034 E
Saab increases ownership in HITT to 71%This is a press release by Saab AB, pursuant to the provisions of Article 4, paragraph 3 and Article 13, of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft, the "Decree") in connection with the recommended public offer (the "Offer") by Saab AB ("Saab") for all the issued and outstanding ordinary shares in the capital of HITT N.V. ("HITT") pursuant to the offer document published by Saab on 6 August 2012 (the "Offer Document"). This announcement does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities, nor shall there be any sale or purchase of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer will be made only by means of the Offer Document. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States of America, Australia, Canada or Japan.
Update recommended unconditional Saab Offer for HITT; pursuant to share purchase agreements with certain other large shareholders and share purchases in the market, Saab increases ownership in HITT from 53% to 71% of the issued and outstanding share capital and voting rightsLinköping, 30 August 2012 - Saab today announces that it now controls 68% of the issued shares and 71% of the issued and outstanding shares and voting rights of HITT.
Saab has agreed to purchase 671,347 ordinary shares in HITT
for a price of EUR 7.00 per share, through share purchase
agreements with certain other large shareholders and has
purchased 135,381 shares in the market (in total
corresponding to 18% of the issued and outstanding shares of
HITT). As a result Saab increases its ownership from 53% to
71% of the issued and outstanding share capital of HITT and
68% of the total issued share capital (including HITT
treasury shares). Saab has agreed upon voting arrangements
with the relevant large shareholders, pursuant to which Saab
can exercise the voting rights in respect of the shares
purchased from them as from today.
As announced in its press release of 27 August 2012, Saab has
acquired the majority of the share capital of HITT from HITT
majority shareholder Hitt Holding B.V. and converted its
conditional Offer in an unconditional - increased - mandatory
Offer for EUR 7.00 per share.
For further information on the Offer explicit reference is
made to the Offer Document available at www.saabgroup.comand www.hitt.nl. The HITT shareholders
are advised to review the Offer Document in detail and to
seek independent advice where
Postal address Telephone Telefax Registered office VAT No
SE-581 88 Linköping
Sweden
50090958 M 8086043 / 4
+46 (0)13 18 00 00 +46 (0)8 463 0152 Linköping SE556036079301
Registered No Internet address
556036-0793 www.saabgroup.com
PRESS INFORMATIONPage
2 (4)
appropriate in order to reach a reasoned judgment in respect
of the content of the
Offer Document and the Offer itself. For more information
Saab
Saab's Press Centre Tel: +46 (0)734 180 018 Investor Relations, Ann-Sofi Jönsson Tel:+46 (0) 734 180 018The information is that which Saab AB may be required to declare by the Securities Business Act. The information was submitted for publication on August 30 at 20.00 CET.
About SaabSaab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers' changing needs.
Forward-looking statements and restrictions
This press release may include "forward-looking
statements" and language indicating trends, such as
"anticipated" and "expected." Although
Saab believes that the assumptions upon which their
respective financial information and their respective
forward-looking statements are based are reasonable, it can
give no assurance that these assumptions will prove to be
correct.
The Offer has been made with due observance of such
statements, conditions and restrictions as are included in
the Offer Document.
The Offer has not been made, and the Shares will not be
accepted for purchase from or on behalf of any Shareholder,
in any jurisdiction in which the making of the Offer or
acceptance thereof would not be in compliance with the
securities or other laws or regulations of such jurisdiction
or would require any registration, approval or filing with
any regulatory authority not expressly contemplated by the
terms of the Offer Document. Persons obtaining the Offer
Document are required to take due note and observe all such
restrictions and obtain any necessary authorisations,
approvals or consents (to the extent applicable). Outside of
the Netherlands, no actions have been taken (nor will actions
be taken) to make the Offer possible in any jurisdiction
where such actions would be required. In addition, the Offer
Document has not been filed with nor recognised by the
authorities of any jurisdiction other than the Netherlands.
Saab, nor any of its advisers assumes any responsibility for
any violation by any person of any of these restrictions. Any
person (including, without limitation, custodians, nominees
and trustees) who forwards or intends to forward the
Offer
Postal address Telephone Telefax Registered office VAT No
SE-581 88 Linköping
Sweden
50090958 M 8086043 / 4
+46 (0)13 18 00 00 +46 (0)13 18 72 00 Linköping SE556036079301
Registered No Internet address
556036-0793 www.saabgroup.com
PRESS INFORMATIONPage
3 (4)
Document or any related document to any jurisdiction outside
the Netherlands should carefully read Sections 1 and 2 of the
Offer Document (Restrictions and Important Information)
before taking any action. The release, publication or
distribution of the Offer Document in jurisdictions other
than the Netherlands may be restricted by law and therefore
persons into whose possession the Offer Document comes should
inform themselves about and observe such restrictions. Any
failure to comply with any such restrictions may constitute a
violation of the law of any such jurisdiction.
Postal address Telephone Telefax Registered office VAT No
SE-581 88 Linköping
Sweden
50090958 M 8086043 / 4
+46 (0)13 18 00 00 +46 (0)13 18 72 00 Linköping SE556036079301
Registered No Internet address
556036-0793 www.saabgroup.com
distributed by |