Statement re Possible Offer
26 March 2001 - 5:45PM
UK Regulatory
RNS Number:9606A
Perstorp AB
23 March 2001
- A company controlled by Industri Kapital has submitted an offer
pertaining to all of the shares and convertible debentures in
Perstorp AB.
- A partial offer is being directed to future shareholders in Pergo AB.
- Perstorp's board of Directors will submit a recommendation to
shareholders after it has evaluated the offer.
- The Annual General Meeting hat been moved to June 12 due to the
offer.
As stated in a press release issued today, the Board of Directors of Sydsvenska
Kemi AB has decided to make a public offer to all holders of shares and
convertible debentures in Perstorp AB pertaining to all Series A and B shares,
as well as convertible debentures issued by Perstorp AB. Sydsvenska Kemi AB will
also direct a partial offer to future shareholders in Pergo AB. Industri
Kapital's IK 2000 Risk Capital Fund owns Sydsvenska Kemi AB.
One of the preconditions for the offer is that Perstorp's Annual General
Meeting approves the spin-off of Pergo AB to Perstorp shareholders and that the
spin-off is implemented.
Perstorp's Board will evaluate the offer from Sydsvenska Kemi AB and issue a
recommendation to shareholders in ample, time ahead of the close of the
acceptance period. Board members Christer Gardell, Karl Lennart Wendt and
Wilhelm Wendt will not participate in the Board's processing of the offer,
with reference to their participation in the negotiations between Sydsvenska
Kemi AB and the major Perstorp shareholders that preceded the public offer.
Commenting on the offer, Urban Jansson, Chairman of the Perstorp Board, says:
"The Board will now evaluate the current offer and its component parts on the,
basis of the support it has already received from major shareholders and while
taking other strategic alternatives into account."
With reference to the offer, Perstorp's Board has decided to hold the Annual
General Meeting on June 12, 2001, at 4 p.m. in Perstorp. This entails a change
compared with the date previously announced.
March 22, 2001
Perstorp AB
Board of Directors
For Information about the offer, reference is made to a separate press release
from Sydsvenska Kemi AB, which is available on the internet address: www.bit.se
For information: Urban Jansson, Chairman of the Perstorp Board (Tel: +46 435
386 06)
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