CORRECTION: Announcement of the Mandatory Offer to shareholders of Trifork A/S

AARHUS, Denmark, Feb. 19, 2014 (GLOBE NEWSWIRE) -- In the preparation of the final settlement of the mandatory takeover Offer from Trifork Holding to shareholders of Trifork A/S additional acceptances of the Offer has appeared. Based on this the company announcement 09/2014 is corrected to the following:

In accordance with the Danish FSA provisions order no. 221, as of March 10, 2010 on takeover offers, we hereby announce the result of Trifork Holding AG's mandatory Offer to the shareholders of Trifork A/S, CVR-no: 20921897.

The Offer-period, for Trifork A/S shareholders to accept the Offer of selling their shares in Trifork A/S for either share-based or cash consideration, expired on February 17, 2014. The result of the Offer is that shareholders representing a total of 4,524,526 shares in Trifork A/S accepted the Offer. This corresponds to 25.1% of the total share capital in Trifork A/S. Shareholders representing 3,488,688 shares selected the share-based consideration receiving new Trifork Holding AG shares and shareholders representing 1,035,838 shares selected to receive the cash consideration of DKK 13,6 per share.

Based on the results of the Offer, Trifork Holding AG announce that the company after the final settlement, which is expected on February 24, 2014, will have a total of 94.7% of the shares in Trifork A/S.

Trifork Holding ownership in Trifork A/S Shares Ratio
Trifork A/S shares contributed by founders 12,035,826 66.9%
Shares purchased on OMX after founding 490,000 2.7%
Trifork A/S shareholders swapping 3,488,688 19.4%
Shareholders selling for cash payment 1,035,838 5.5%
Total 17,050,352 94.7%

As previously announced a compulsory redemption of the remaining shares in Trifork will be initiated after the final settlement, since Trifork Holding AG will achieve more than 90% ownership of Trifork A/S. Further a delisting of Trifork A/S from NASDAQ OMX Copenhagen will be initiated.

Based on the results of the Offer the process of the final settlement is started. The final settlement is expected to be completed as previously announced on February 24, 2014 as soon as the capital increase is registered in the Swiss commercial register and the new shares are issued through Sydbank and VP Securities in Denmark.

About Trifork

Trifork was founded in 1996 and is listed on NASDAQ OMX in Copenhagen. It is an innovative software development company focusing on Mobile, Agile and Cloud. It develops and delivers business critical IT systems for several sectors including finance, healthcare, government, manufacturing and telecom. Trifork employs 265 people in 12 offices in Aarhus, Copenhagen, Esbjerg, London, Zurich, Amsterdam, Krakow, Budapest, Stockholm and San Francisco. At the end of 2012 Trifork had a market value at DKKm 243 / EUR 33M, with a turnover in 2012 of DKKm 223 / EURm 30.

Kind regards,

Board of directors, Trifork A/S

Trifork A/S


DK-8000 Arhus C, Denmark

CVR-no. 20921897

ISIN DK0060102887

Shortname: TRIFOR

Phone: +45 8732 8787

Fax: +45 8732 8788


CEO, Joern Larsen

Direct: +41 79 430 9697


Source:Trifork A/S