Getronics N.V. ("Getronics" or the "Company") announces that at the Extraordinary Shareholders Meeting held today, its shareholders approved the placing of 100,000,000 new ordinary shares for cash as announced on 5 February 2004 (the "Placing"). The new ordinary shares will be listed on Euronext Amsterdam.
The Company will issue the 100,000,000 new ordinary shares at an issue price of
EUR 2.40 per share raising gross proceeds of EUR 240 million.
Publication of the prospectus is expected tomorrow the 24 February 2004. Payment and settlement for the new ordinary shares is expected to take place on 27 February 2004. Until this date the new ordinary shares will continue to trade conditionally under a separate fund code (fund code: 35589; ISIN code: NL0000355899; common code: 018589834). Conditional trading can only take place in lots of 50,000 ordinary shares and multiples thereof, in accordance with Euronext requirements. Any conditional trading is at the risk of the investor.
A copy of the Prospectus is expected to be available on the 24 February 2004 on the Company's website: www.getronics.com
About Getronics
With approximately 22,000 employees in over 30 countries and audited ongoing revenues of approximately EUR 2.6 billion in 2003, Getronics is one of the world's leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Getronics today combines the capabilities of the original Dutch company with those of Wang Global, acquired in 1999, and of the systems and services division of Olivetti. Getronics is ranked second world-wide in network and desktop outsourcing and fourth world-wide in network consulting and integration (Source: IDC 2002-2003). Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organisations, helping them maximise the value of their information technology investments. Getronics headquarters are in Amsterdam, with regional offices in Boston, Madrid and Singapore. Getronics’ shares are traded on Euronext Amsterdam ("GTN"). For further information about Getronics, visit www.getronics.com