Hexagon AB (OM:HEXA B) made a proposal to acquire Veripos Inc. (OB:VPOS) for approximately NOK 930 million on September 30, 2013. Hexagon AB will pay NOK 28 per Veripos share. On October 4, 2013, Veripos and Hexagon entered into a due diligence agreement where Hexagon was granted access to conduct a limited due diligence review on an exclusive basis. The due diligence was concluded to Hexagon's satisfaction on October 12, 2013. A five week offer acceptance period will start shortly following the approval of an offer document by the Oslo Stock Exchange. The acceptance period may be extended, one or several times, provided however that the maximum acceptance period may not exceed 10 weeks.

The proposal is subject to due diligence and certain other conditions. The offer will not be subject to any financing conditions. The offer will require acceptance from shareholders representing more than 90% on a fully diluted basis of the share capital and voting rights to which the offer relates, certain other customary conditions for public voluntary offers, approvals from public authorities. While the offer will be subject to a completion condition of more than 90% acceptance, Hexagon will retain its full right to amend or waive such condition, and hereunder also to make a compulsory acquisition of any remaining shares, subsequently to the offer, through the implementation of "long-form merger" under the Cayman Company Act should the acceptance of the offer be equivalent to more than two-thirds of the outstanding share capital and voting rights on a fully diluted basis. As of October 14, 2013, The Board of Veripos recommended the shareholders not to take any action with respect to the offer before the Board has made public its statement. As of October 18, 2013 the transaction has been approved by the Oslo Stock Exchange. The offer period will expire on November 25, 2013 unless extended by Hexagon.

Magnus Bernin, Peter Olsson, Andreas Røde, Karl Skjelbred, Nanna Sjaastad and Jo Isaksen of SEB Corporate Finance acted as financial advisors to Hexagon AB. Advokatfirmaet Haavind AS acted as legal advisor to Hexagon AB. Arne Wenger of Arctic Securities acted as financial advisor to Veripos in the transaction. Johnny Andersson of Mannheimer Swartling Advokatbyrå AB acted as legal advisors for Hexagon AB.

Hexagon AB (OM:HEXA B) cancelled the acquisition of Veripos Inc. (OB:VPOS) on November 25, 2013. As a part of offer, the acceptances for a total number of 82,175 shares, representing 0.25% of the outstanding shares, were received during the acceptance period. Consequently, the completion conditions for the offer have not been met and all tendered shares accepted under the offer have been released.