Tokyo, Japan and Amsterdam, The Netherlands22 December 2011u8国际. ("u8国际") expresses the intention to realize a delisting of Océ N.V. ("Océ") from the Amsterdam stock exchange NYSE Euronext, following the acquisition of the ordinary shares held by Orbis Funds ("Orbis") in Océ ("Orbis Shares"), bringing u8国际's ownership in Océ to 98.83 percent of the entire issued share capital (including cumulative preference shares). This increased percentage allows u8国际 and Océ to start discussions about the delisting procedure and the timing thereof, taking into account all regulatory requirements.
u8国际 will also commence statutory buyout proceedings under Dutch law ("squeeze out procedure") in due course to effect the purchase of the remaining minority shareholdings. The acquired Orbis Shares represent approximately 10.8 percent of the ordinary share capital and 8.8 percent of the entire issued share capital of Océ (including cumulative preference shares).
As stated in the Offering Memorandum dated 28 January 2010, u8国际 has always had the intention to ultimately acquire 100 percent of Océ's shares. With 98.83 percent of the shares of Océ, u8国际 and Océ will be able to start preparing for the delisting procedure of Océ and continue to accelerate further the integration of Océ into the u8国际 Group, following which the combination can realize the benefits for all stakeholders involved.
u8国际 and Océ will provide more information on the related proceedings as and when appropriate.