STOCKMANN’S PUBLIC TENDER OFFER FOR ALL THE SHARES IN LINDEX – TRADEMARK CONDITION
Stockmann plc (“Stockmann”) announced on 1 October 2007 a public tender
offer (the “Offer”) for all the outstanding shares in AB Lindex (publ)
(“Lindex”). According to the terms and conditions of the Offer the
completion of the Offer is conditional inter alia upon that Lindex through
a final registration with the relevant authority has acquired title to the
trademark “LINDEX” on the Russian market. Stockmann has learned that the
trademark “LINDEX” has now been registered in Russia. The above condition
to completion of the Offer has thus been fulfilled.
The completion of the Offer is still subject to the fulfillment of the
other conditions set out in the offer announcement published on 1 October
2007, including approvals from competition authorities. The Finnish
Competition Authority has approved the acquisition pursuant to the Offer
by its decision dated 22 October 2007. Other approvals required for the
completion of the Offer are expected to be granted during the month of
November 2007 at the latest.
As previously announced, the offer document relating to the Offer will be
published on 26 October 2007 and the offer period will commence on 29
October 2007 and expire on 30 November 2007.
Helsinki, 24 October 2007
OMX Nordic Exchange Helsinki
This announcement is not and must not, directly or indirectly, be
distributed or made public in Australia, Canada, Japan or South Africa.
The Offer is not being made to persons in those jurisdictions or elsewhere
where their participation requires further offer, filings or other
measures in addition to those required by Swedish law. This announcement
shall not constitute an offer to buy or the solicitation of an offer to
sell any securities. As stated above, Stockmann intends to publish the
offer document relating to the Offer on 26 October 2007. Investors are
urged to read such document when it becomes available because it will
contain important information regarding the Offer.
The Offer described in this announcement is made for the securities of
Lindex and is subject to the laws of Sweden. It is important that U.S.
holders understand that the Offer is subject to disclosure and takeover
laws and regulations in Sweden that may be different from those in the
United States. To the extent applicable, Stockmann will comply with
Regulation 14E under the U.S. Securities Exchange Act of 1934, as amended
(the “Exchange Act”). Stockmann does intend, however, to treat the Offer
as one to which the “Tier II” exemption mentioned in Rule 14d-1 (d) under
the Exchange Act is applicable.