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 percent of the shares and votes in Jeeves and warrants representing approximately 99 percent of the outstanding warrants in Jeeves.
After the extended acceptance period, which expired on 29 May 2012, BV Acquisitions holds approximately 98 percent of the shares and votes in Jeeves and 100 percent 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. The 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)
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.
Founded in 1992 and headquartered in Stockholm, Jeeves Information Systems AB (Jeeves) is a provider of Swedish-made, cloud-based enterprise resource planning (ERP) software solutions for small and midsize businesses. Jeeves is the provider of Jeeves ERP, a next-generation ERP software solution for discrete and process manufacturers and distributors who want a system that is as unique as they are. The system’s unique and powerful architecture helps companies harness the power of emerging technologies like cloud and mobility—as well as build and benefit from a highly custom ERP system. For more information, visit www.jeeveserp.com. Jeeves is also the provider of Garp ERP, an easy-to-implement and -use ERP system designed to meet the needs of clothing, footwear, sporting goods, furniture, and e-commerce companies that need to handle large product volumes with multiple variants. For more information, visit www.garp.se.
