Scanfil initiates compulsory acquisition proceedings, PartnerTech files for de-listing and summons an extraordinary general meeting to elect a new board
On 25 June 2015, Scanfil Oyj, (“Scanfil”) announced that its public takeover offer to the shareholders in PartnerTech AB (publ) (“PartnerTech” or the “Company”) was declared unconditional and completed. After completion of the offer, Scanfil holds more than 90 per cent of the shares and votes in PartnerTech and has notified PartnerTech’s board of directors that Scanfil has resolved to initiate compulsory acquisition proceedings regarding the remaining shares in the Company.
In light of the above, PartnerTech’s board of directors does not consider it reasonable for the Company to remain a listed company, and has therefore decided to apply for de-listing of the PartnerTech share from Nasdaq Stockholm. The last day of trading in the PartnerTech share at Nasdaq Stockholm will be announced as soon as the Company has been notified thereof from Nasdaq Stockholm.
Further, the board of directors has, upon request by Scanfil, decided to summon an extraordinary general meeting to be held on 29 July 2015 to inter alia elect a new board of directors in the Company (see separate press release).
For further information, please contact:
Bengt Engström, Chairman of the board of directors
Telephone: +46 72-500 94 44
PartnerTech (publ) is required to publicly disclose the information in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for public disclosure at 10 am on July 3rd, 2015.
PartnerTech is a global industrial partner offering customized solutions throughout the product lifecycle, from product development to manufacturing and aftermarket services, in a number of market areas such as MedTech and Oil&Gas. With approximately 1,400 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2.2 billion. PartnerTech AB , the parent company, has its head office in Malmö, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange. For more information www.partnertech.com.