On July 5th, 2011, Finisar Corporation announced the completion of the acquisition of Ignis ASA.
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On July 5th, 2011, Finisar Corporation announced the completion of the acquisition of Ignis ASA.
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Last day of listing for the shares in Ignis ASA is today, 11.07.2011.
Ignis ASA has in letter dated 6 July 2011 pursuant to Continuing Obligations section 15.1 (4) cf Stock Exchange Act section 25 (1), applied for delisting of the company’s shares from Oslo Børs.
Oslo Børs has on 8 July made the following resolution:
“The shares in Ignis ASA will be delisted from listing on Oslo Børs. Last day of listing will be 11 July 2011.”
Oslo, 7 July 2011. Reference is made to the disclosure made on 30 June 2011 regarding the compulsory acquisition by Finisar Corporation
(“Finisar”) of all shares of Ignis ASA (“Ignis”) not already owned by Finisar and consequently, that Finisar had become the owner of all shares of Ignis.
The board of directors of Ignis has filed an application for the delisting of the company’s shares to Oslo Børs. It is expected that the last day of
trading will be 11 July 2011. The approval by Oslo Børs of the delisting application will be announced separately together with information about the last
day of trading.
See announcement regarding Ignis ASA on the 30.06.2011 concerning the compulsory acquisition of the company’s shares.Oslo Børs and the Financial Superisory Authority of Norway has decided to suspend the shares and all orders have been withdrawn. This has been done to avoid incorrect registration of orders and trades in a situation where the company will no longer have any shares outstanding for trading. If a notification requirement for a member
appears, Oslo Børs must be contacted for advice.
Reference is made to the stock exchange announcement on 9 May 201 where it was announced that Finisar Corporation (“Finisar”) would make a mandatory offer
(the “Offer”) for all the shares in Ignis ASA (“Ignis”) not already owned by Finisar. Further
reference is made to the Offer document dated 23 May 2011. The acceptance period expired yesterday, on 22 June 2011 at 17:30 CET. Finisar has received acceptances representing in aggregate 12,198,878 shares in Ignis. Consequently, as of 22 June 2011,
Finisar owns 63,809,706 shares and will acquire 12,198,878 shares in Ignis under the Offer. The shares and rights to shares held by Finisar in aggregate represent 96.5% of the share capital and of the votes in Ignis.
Finisar intends to make a compulsory acquisition of all shares not already owned by Finisar as soon as possible following settlement of the Offer.
This notification is made pursuant to section 6-18 of the Norwegian Securities Trading Act.
OSLO, Norway – On 23 June 2011, Finisar Corporation (NASDAQ:FNSR) announced the completion of the
mandatory offer for all the outstanding shares of Ignis ASA (OSE:IGNIS). The offer period expired on June 22, 2011. As a result of the mandatory offer, Finisar became the owner of 76,619,345 shares of Ignis, representing 97.25 % of the total number of outstanding shares.
Pursuant to Section 6-22 of the Norwegian Securities Trading Act and Section 4-25 of the Norwegian Public
Limited Companies Act, the board of directors of Finisar has decided to make a compulsory transfer of the remaining shares in Ignis.
The compulsory transfer is being effected less than three months following the expiry of the offer period
applicable to the mandatory offer. Finisar offers a redemption price of NOK 8 per share. The offered
redemption price is the same price as offered to all shareholders in the mandatory offer.
Objections to, or refusal of, the offer must be made within 6 September 2011. Shareholders that have not
made objections to, or rejected, the offer of a redemption price of NOK 8 per share within 6 September 2011 will be deemed as having accepted the offer of the redemption price of NOK 8 per share.
Settlement will occur as soon as possible after 6 September 2011 and no later than 20 September 2011.
The total redemption amount of NOK 17,359,848 is deposited in a separate account at Skandinaviska
Enskilda Banken AB (publ) Oslo Branch.
The offer is sent to all shareholders of Ignis with known addresses and will be announced in the electronic publishing journal of the Register of Business Enterprises and in Finansavisen.
Ignis intends to proceed promptly with an application to Oslo Børs to delist its shares, as previously authorized by its shareholders at the annual shareholders meeting.
Oslo, 22 June 2011. Reference is made to the announcement on 9 May 2011 where it was announced that Finisar Corporation (“Finisar”) would make a mandatory offer (the “Offer”) for all the shares in Ignis ASA (“Ignis”) not already owned by Finisar.
Further reference is made to the Offer document dated 23 May 2011.
SEB Enskilda AS (“Enskilda”), acting as financial advisor and receiving agent for Finisar, has received acceptances of the Offer from shareholders representing 10,763,303 shares (13.7%). Together with the 63,809,706 (81%) shares already held by Finisar, this means that following settlement of the Offer, Finisar will hold more than 90 % of the shares
of Ignis. Following settlement of the Offer, Finisar intends to proceed with a compulsory acquisition of the shares of Ignis not owned by Finisar.
The Offer period closes today, 22 June 2011 at 17:30 CET, and shareholders who wishes to accept the offer must deliver acceptance forms before such time to:
SEB Enskilda AS
Filipstad Brygge 1
P.O. Box 1363 Vika
N-0113 Oslo
Tel: +47 21 00 85 00
Fax: +47 21 00 89 62
This statement was prepared by BDO AS on behalf of Ignis ASA following the mandatory offer proposed by Finisar Corporation to acquire all issued and outstanding Ignis shares.
Please find enclosed the Statement by BDO.
Reference is made to the stock exchange notice yesterday, June 7, 2011 in relation to the Ordinary general meeting in Ignis ASA.
Please find the minutes from the ordinary general meeting attached.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
