Luxembourg, 25 September 2014 – The Swedish Companies Registration Office (the "SCRO") has today granted Transcom permission to implement the merger plan which will execute the re-domiciliation of the parent company of the Transcom Group from Luxembourg to Sweden as previously announced.
As the re-domiciliation and merger have now been approved by Transcom’s shareholders at the extraordinary general meeting held on 4 September 2014 and the SCRO has granted the above-mentioned permission to implement the merger, the re-domiciliation and merger remain conditional primarily upon NASDAQ OMX Stockholm approving to admit the ordinary shares of Transcom WorldWide AB to trading.
The process of preparing for the implementation of the re-domiciliation and the merger is progressing according to plan. The current indicative time table is as follows:
- 24 November 2014 – expected last day of trading in the SDRs of Transcom WorldWide S.A. on NASDAQ OMX Stockholm.
- 26 November 2014 – expected day for final SCRO registration of the merger, meaning inter alia that this day is also the record day for determining who is entitled to receive merger consideration in the form of ordinary shares issued by the new Swedish parent company Transcom WorldWide AB (publ).
- 28 November 2014 – expected first day of trading in the ordinary shares of Transcom WorldWide AB on NASDAQ OMX Stockholm (under ticker TWW).
During the period 25-27 November 2014, there will be a necessary trading halt, as no trading will be possible in the SDRs of Transcom WorldWide S.A. during those three days, nor in the ordinary shares of Transcom WorldWide AB.
As previously announced, a 1:50 reverse split of the ordinary shares of Transcom WorldWide AB (publ) is intended to be executed shortly after the implementation of the re-domiciliation, whereby 50 existing ordinary shares will become one (1) new share of the same class. More information on the reverse split, including as regards the handling of fractions of shares, will follow as soon as possible. The intended last day of trading before the reverse split is 10 December 2014, and the intended first day of trading following the reverse split is 11 December 2014.
Please note that the dates given above are all indicative, and that confirmations or changes to those dates will be communicated as soon as possible.
For additional details on the re-domiciliation of the parent company of the Transcom Group from Luxembourg to Sweden, please refer to Transcom’s website at www.transcom.com/redom.
Transcom WorldWide S.A. has been listed on NASDAQ OMX Stockholm since September 6, 2001. A large majority of Transcom’s shareholders are based in Sweden and the share of the company’s capital that is held by shareholders in Sweden amounts to approximately 80 percent.
For further information, please contact:
Johan Eriksson, President and CEO
Telephone +46 70 776 80 22
Pär Christiansen, CFO
Telephone +46 70 776 80 16
Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88