KappAhl announces the offer document in respect to the officer to the shareholders in Lindex
The offer document in respect to KappAhl Holding AB's (publ) ("KappAhl") public offer to the shareholders in AB Lindex (publ) ("Lindex") to tender all outstanding shares in Lindex to KappAhl ("the Offer") is available on KappAhl's website, www.kappahl.com/ir and on Carnegie Investment Bank AB's ("Carnegie") website, www.carnegie.se.
Printed copies of the offer document are expected to reach directly registered shareholders on Wednesday 29 August 2007, and on the same day to be held available at KappAhl, visiting address: Idrottsvägen 14, SE-431 24 Mölndal, Sweden and at Carnegie, visiting address: Gustav Adolfs Torg 18, SE-103 38 Stockholm, Sweden.
The acceptance period commences on 29 August 2007 and ends on 27 September 2007. Settlement will commence as soon as KappAhl announces the conditions for the Offer have either been satisfied or waived. Provided that such an announcement is made on or about 1 October 2007, settlement for tendered shares is expected to be conducted on or about 4 October 2007. KappAhl reserves the right to extend the acceptance period, as well as to defer the date of settlement.
On 20 August 2007, the Board of Directors of KappAhl published a notification of an Extraordinary General Meeting ("EGM"), to be held on 17 September 2007 and in connection therewith proposed to the EGM to authorise the Board of Directors to resolve on an issue of shares or convertibles with preferential rights for existing shareholders ("the Rights Issue"). The proceeds from the Rights Issue is to be used to refinance part of the bank financing raised to finance the Offer.
For further information, please contact:
Christian W. Jansson, President and CEO Tel. +46 (0)70995 02 01
Håkan Westin, CFO Tel. +46 (0)70 471 56 64
KappAhl is a leading Nordic fashion chain with approximately 272 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but focus in particular on women between 30 and 50 years of age, shopping for the whole family. KappAhl's head office and distribution centre, which handles the distribution of goods to all stores, is located in Mölndal, just outside Gothenburg. KappAhl employs approximately 3,700individuals, approximately 90 percent of whom are women. During the financial year 2005/06, KappAhl had sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl shares are listed on the OMX Nordic Exchange in Stockholm. Further information about the company is available on www.kappahl.com and financial information is available onwww.kappahl.com/ir.