KappAhl's offer to the shareholders in Lindex is terminated
On 13 August 2007, KappAhl Holding AB (publ) ("KappAhl"), made a public offer to the shareholders in AB Lindex (publ) ("Lindex") to tender all outstanding shares in Lindex to KappAhl at SEK 102 per share in cash ("the Offer").
During the Offer period, which expired on 27 September 2007, the offer of SEK 102 per share received very limited acceptance by the shareholders of Lindex.
Consequently, as the condition of 90 per cent acceptance has not been met, KappAhl has decided to terminate the Offer. KappAhl does not currently own any shares in Lindex.
For further information, please contact:
Christian W. Jansson, President and CEO tel. +46 70 995 02 01
Håkan Westin, CFO Tel. +46 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 3,700 individuals, more than 90 percent of whom are women. During the financial year 2005/2006, 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 on www.kappahl.com/ir.