Jeeves applies for delisting
BV Acquisitions AB (“BV Acquisitions”), a company controlled by Battery Ventures IX (AIV II), L.P., announced on 10 May 2012 that the public tender offer for Jeeves Information Systems AB (publ) (“Jeeves”) was declared wholly unconditional and that it will be completed. BV Acquisitions controlled after the initial acceptance period shares representing approximately 97 per cent of the shares and votes in Jeeves and warrants representing approximately 99 per cent of the outstanding warrants in Jeeves. After the extended acceptance period, which expired on 29 May 2012, BV Acquisitions holds approximately 98 per cent of the shares and votes in Jeeves and 100 per cent of the outstanding warrants in Jeeves. BV Acquisitions has also initiated a compulsory acquisition procedure regarding the remaining shares in Jeeves.
Based on the above, the board of directors of Jeeves considers that it is no longer justified for Jeeves to remain listed and has therefore, on 1 June 2012, resolved to request that the shares of Jeeves are delisted from NASDAQ OMX Stockholm, Small Cap.
Last day for trading in the Jeeves’ shares on NASDAQ OMX Stockholm will be announced as soon as Jeeves has received notice thereof from NASDAQ OMX Stockholm.
The board of directors of Jeeves Information Systems AB (publ)
For questions, please contact:
CEO Bengt-Åke Älgevik, +46 8 587 099 00 or
CFO Anna Salomon-Sörensen, +46 8 587 099 45
Jeeves Information Systems AB (publ) discloses the information provided herein pursuant to the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or NASDAQ OMX Stockholm’s Rule Book for Issuers. This information was submitted for publication on 4 June 2012 at 08.30 (CET).
This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.