Source: Oberthur
On 19 February 2008, Oberthur Technologies S.A. ("Oberthur") announced a recommended cash offer (the "Offer") to acquire all shares in XPonCard Group AB (publ) ("XPonCard").
On 8 April 2008, Oberthur declared the Offer unconditional and extended the acceptance period until 18 April 2008.
A total of 38,239 shares, representing 0.9% of the shares and votes in XPonCard, have been tendered during the extension of the acceptance period.
Consequently, a total of 3,889,604 shares in XPonCard, representing 86.7% of the shares and votes in XPonCard, have been tendered in the Offer. Up until and including 22 April 2008, Oberthur has also acquired in total 539,250 shares in the market, representing 12.0% of the shares and votes in XPonCard.
Accordingly, following the expiration of the extended acceptance period and including the shares acquired in the market, Oberthur will own in aggregate 4,428,854 shares in XPonCard, representing 98.7% of the shares and votes in XPonCard.
Settlement in respect of shares tendered during the extension of the acceptance period is expected to commence on or about 30 April 2008. The Offer will not be extended further. However, Oberthur may acquire additional shares in XPonCard in the market.
As previously announced, Oberthur will initiate mandatory redemption of the remaining, not tendered, XPonCard shares in the near term, as well as act to have the XPonCard share delisted from OMX Nordic Exchange Stockholm.