Compulsory redemption interim report for Lindex Q1
15 Dec '07
1 min read
Stockmann plc ("Stockmann") has as a result of the completion of the public tender offer to acquire all the outstanding shares in AB Lindex (publ) ("Lindex") acquired more than 96 percent of the total number of shares in Lindex.
Stockmann has consequently initiated compulsory redemption proceedings under the Swedish Companies Act to acquire all remaining shares in Lindex.
The Board of Directors of Lindex has, upon request by Stockmann, resolved to apply for the delisting of the Lindex shares.
In order to facilitate the process for integration of Lindex in the Stockmann group and due to the change of the Board of Directors in Lindex on 14 December 2007, the Board of Directors of Lindex has resolved to postpone the publishing of the interim report for the first quarter 2007/2008 from 18 December 2007 to 29 January 2008 and to advance the date of the annual general meeting of Lindex from 20 February 2008 to 22 January 2008.
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