Result of Hexagon's Recommended Unconditional Cash Offer for the Shares in Veripos

  Result of Hexagon's Recommended Unconditional Cash Offer for the Shares in
  Veripos

Business Wire

NACKA STRAND, Sweden -- February 10, 2014

Regulatory News:

Hexagon (STO:HEXAB)

Reference is made to the stock exchange notice from Hexagon AB on 20 December
2013 related to the recommended unconditional cash offer for the remaining
shares in Veripos Inc. (“Veripos”) not already owned by Hexagon Acquisition
Ltd. (the “Offer”), an indirectly wholly owned subsidiary of Hexagon AB
(Hexagon AB and Hexagon Acquisition Ltd. hereinafter jointly referred to as
“Hexagon”), the offer document related to the Offer dated 23 December 2013
(the “Offer Document”) and the stock exchange notice from Hexagon on 29
January 2014 regarding the extension of the acceptance period under the Offer
until 16:30 CET on 7 February 2014.

At expiry of the acceptance period, Hexagon had received acceptances of the
Offer from shareholders holding 22,317,896 shares, representing 67.4 per cent
of the outstanding shares of Veripos. In addition, Hexagon owns 10,055,090
shares in Veripos, representing 30.3 per cent of the outstanding shares of
Veripos. Accordingly, Hexagon owns and has received acceptances for 32,372,986
shares, representing 97.7 per cent of the total shares in Veripos.

Please note that the result of the Offer is preliminary and may be subject to
adjustments, however, such adjustments (if any) are expected to be
non-material.

Cash settlement of the Offer will be conducted on 18 February 2014.

As stated in the Offer Document, it is Hexagon’s intention, following
settlement of the Offer, to complete a compulsory acquisition of any minority
shares in Veripos not owned by Hexagon. Since Hexagon will own more than 90
per cent of the shares of Veripos following the settlement of the Offer,
Hexagon has, as further stated in the Offer Document, various options
available for executing a compulsory acquisition under Cayman law. Further
announcement regarding the compulsory acquisition will be made in due course.

SEB Corporate Finance is acting as financial adviser for Hexagon.

Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design,
measurement and visualisation technologies. Our customers can design, measure
and position objects, and process and present data, to stay one step ahead of
a changing world. Hexagon’s solutions increase productivity, enhance quality
and allow for faster, better operational decisions, saving time, money and
resources. Hexagon has more than 14,000 employees in over 40 countries and net
sales of about 2,400 MEUR. Our products are used in a broad range of
industries including surveying, power and energy, aerospace and defence,
construction, safety and security, automotive and manufacturing. Learn more at
www.hexagon.com.

This information was brought to you by Cision http://news.cision.com

Contact:

Hexagon AB
Carl Gustafsson, Investor Relations Manager
46 8 601 26 27
ir@hexagon.com
or
Kristin Christensen
Vice President, Corporate Communications
1 404 554 0972
media@hexagon.com
or
SEB
Karl Skjelbred,
Corporate Finance
47 21 00 85 78
karl.skjelbred@seb.no
or
Jo Isaksen
Corporate Finance,
47 21 00 85 41, jo.isaksen@seb.no
 
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