OFFER DOCUMENT MADE PUBLIC IN RELATION TO STOCKMANN’S RECOMMENDED TENDER OFFER FOR ALL THE SHARES IN LINDEX
Stockmann plc (“Stockmann”) announced on 1 October 2007 a public tender
offer (the “Offer”) for all the outstanding shares in AB Lindex (publ)
(“Lindex”). The Board of Directors of Lindex has unanimously recommended
Stockmann has today published an offer document in relation to the Offer.
The offer document is available at www.stockmann.com, www.summa.fi and
www.seb.se and can also be obtained from SEB, telephone +46 (0)8 639 2750.
The offer document and acceptance form will be distributed to all
shareholders in Lindex whose holding is directly registered at VPC AB (the
Swedish Securities Register Centre) as per 26 October 2007.
The acceptance period under the Offer commences on 29 October 2007 and
expires on 30 November 2007. Settlement will begin as soon as possible
thereafter. Stockmann reserves the right to extend the acceptance period
as well as to defer the date for settlement.
The completion of the Offer is subject to the fulfillment of the
conditions set out in the offer document, including approvals from
competition authorities. In addition to the approval by the Finnish
Competition Authority announced on 24 October 2007, Stockmann has been
informed that the Estonian Competition Authority has approved the
acquisition pursuant to the Offer by its decision dated 25 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.
Summa Capital Oy acts as Stockmann’s financial advisor and Roschier,
Attorneys Ltd. as legal advisor as to Swedish and Finnish law in
connection with the Offer.
Helsinki, 26 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. Investors are urged to read the offer document
relating to the Offer as it contains important information regarding the
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 an offer on which the “Tier II” exemption mentioned in Rule 14d-1 (d)
under the Exchange Act is applicable.