Hakon Invest AB : Hakon Invest publishes prospectus and corrects pro forma profit in interim report The Board of Directors for Hakon Invest has prepared a prospectus in connection with the acquisition of the remaining shares in ICA and the issue of ordinary shares with preferential rights for existing shareholders. The prospectuswas approved and registered by the Swedish Financial Supervisory Authority (Finansinspektionen) today. The prospectus(in Swedish)is available for download at the company's website www.hakoninvest.se and at the Swedish Financial Supervisory Authority's website www.fi.se. An English copy of the prospectuswill be available on the Company's website on 7 May 2013. New issue will partially finance the acquisition of ICA On 11 February 2013 Hakon Invest announced that the company had reached an agreement with Ahold on the acquisition of the remaining 60 per cent of the shares in ICA for a cash consideration of SEK 20 billion. On 27 March 2013 the acquisition was completed after all the terms of the agreement with Ahold were met. ICA is thus a wholly owned company in the Hakon Invest Group. It has been proposed that Hakon Invest change its name to ICA Gruppen in conjunction with the 2013 Annual General Meeting. Hakon Invest is financing the acquisition of ICA with existing liquid assets and with secured bridge financing of SEK 19 billion provided by Handelsbanken and Nordea. The proceeds from the new share issue totalling around SEK 5 billion will be used to repay a portion of the bridge financing. The remainder of the bridge financing will be replaced by other long-term debt financing, for example, through the issuance of bond loans and/or bank financing, and by issuing preference shares in ICA Real Estate. Correction of the pro forma profit in the interim report for January - March 2013 The Group's operating profit before depreciation and amortisation (EBITDA), excluding the effects of the acquisition, which indicates what the profit would be if the acquisition of ICA had taken place as of 1 January 2013 (pro forma), was incorrectly reported as SEK 1,022 million on page 5 of the interim report for January - March 2013. The correct operating profit before depreciation and amortisation (EBITDA) excluding the effects of the acquisition if the acquisition of ICA had taken place as of 1 January 2013 is SEK 868 million. The interim report has been corrected accordingly. For more information, please contact: CEO Hakon Invest Claes-Göran Sylvén Tel. +46 8 55 33 99 64 CFO Hakon Invest Göran Blomberg Tel. +46 8 55 33 99 99 Head of Investor Relations Hakon Invest Pernilla Grennfelt Tel. +46 8 55 33 99 55, e-mail: email@example.com IMPORTANT NOTICE The information in this press release is not for release, publication or distribution, either directly or indirectly, in the United States, Australia, Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa or New Zealand. The distribution of this press release may be prohibited in certain other jurisdictions. The information in this press release shall not constitute an offer to sell or an invitation to purchase any securities in Hakon Invest in any jurisdiction. This press release does not constitute, nor will it form part of, an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the US without registration or exemption from registration as provided in the US Securities Act of 1933, as amended ("Securities Act"). Hakon Invest does not intend to register any portion of the offering of the securities in the US or to conduct a public offering of the securities in the US. Copies of this announcement are not being distributed or sent and may not be distributed or sent to the US, Australia, Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa or New Zealand. This document has not been approved by any regulatory authority. This document is a press release and not a prospectus, and investors should not subscribe for or purchase any securities referred to in this document except on the basis of the information that is provided in the prospectus which has been approved by the Swedish Financial Supervisory Authority and is available for download at Hakon Invest's website. EUROPEAN ECONOMIC AREA Hakon Invest has not resolved to offer shares or rights to the public in any Member State of the European Economic Area other than Sweden. Within such Member States of the European Economic Area, other than Sweden, which have implemented the Prospectus Directive (a "Relevant Member State"), no action has been undertaken as of this date to make an offer to the public of shares or rights requiring publication of a prospectus in any Relevant Member State. In consequence, the shares or rights may only be offered in a Relevant Member State: (a) to a qualified investor (as defined in the Prospectus Directive or applicable law), or (b) in any other circumstances not requiring Hakon Invest to publish a prospectus as provided under Article 3(2) of the Prospectus Directive. In the application of this, the expression an "offer to the public of shares or rights" in any Relevant Member State means the communication, in any form, of sufficient information on the terms of the offer and the shares or rights to be offered so as to enable an investor to decide to purchase any securities, as the same may be varied in such a Relevant Member State due to the implementation of the Prospectus Directive in that Member State, and the expression "Prospectus Directive" means Directive 2003/71/EC including any relevant implementing measures in each Relevant Member State. Handelsbanken Capital Markets and Nordea Markets are acting for Hakon Invest and no one else in connection with the new share issue and will not be responsible to anyone other than Hakon Invest for providing the protection afforded to their clients or for providing advice in relation to the new share issue and/or any other matter referred to in this announcement. Handelsbanken Capital Markets and Nordea Markets accept no responsibility whatsoever and make no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by Handelsbanken Capital Markets, Nordea Markets, or on their behalf, in connection with Hakon Invest and the new shares and the new share issue, and nothing in this announcement is or shall be relied upon as a promise or undertaking in this respect, whether as to the past or future. Handelsbanken Capital Markets and Nordea Markets accordingly disclaim to the fullest extent permitted by law all and any liability whether arising in tort, contract or otherwise which Handelsbanken Capital Markets and Nordea Markets might otherwise have in respect of this announcement or any such statement. FORWARD LOOKING STATEMENTS This press release contains forward-looking statements that reflect management's current views with respect to future events and potential financial performance. Although Hakon Invest believes that the expectations reflected in such statements are reasonable, no assurance can be given that such expectations will prove to be correct. Accordingly, results may differ materially from those set out in the forward-looking statements as a result of various factors. You are advised to read this announcement, and the prospectus and the information incorporated by reference therein once available, in their entirety for a further discussion of the factors that could affect Hakon Invest's future performance and the sectors in which Hakon Invest operates. In the light of these risks, uncertainties and assumptions, it is possible that the events described in the forward-looking statements in this announcement may not occur. Hakon Invest AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 14.00 CET on Monday, May 6, 2013. Press release (PDF) ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Hakon Invest AB via Thomson Reuters ONE HUG#1699430
Hakon Invest AB : Hakon Invest publishes prospectus and corrects pro forma profit in interim report
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