EGM, Adcore AB (publ): press release
As a result of the decision on the sale of foreign subsidiaries, made at the Extraordinary General Meeting of 9 July 2001, could not be implemented, the Board of Directors assigned the company management the task of investigating opportunities to sell the subsidiaries to the company's senior officers.
Todays EGM unanimously approved, in accordance with the Swedish Act on Certain Directed Placements in Stock Market Companies, etc. (Lagen om vissa riktade emissioner i aktiemarknadsbolag, mm, Swedish Code of Statutes - SFS 1987:464) (the "Leo" Act), the sale of all shares in the following subsidiaries;
- the Danish company Adcore Implement A/S. Ownership of the shares shall be transferred to the purchaser with effect 27 July 2001. The purchase price for the shares amounts to MSEK 15, to be paid cash on completion date.
- the Swiss company Adcore AG. Ownership of the shares in Adcore AG shall be transferred to the purchaser with effect 30 July 2001. The purchase price for the shares amounts to MSEK 2.4, to be paid cash on completion date. Above that, the purchaser has taken over financial obligations amounting to a total of MSEK 5.
Stockholm, Sweden, 17 August 2001, Adcore AB (publ)