Update on Unsolicited Offer by Axel Springer AG


 

TIDMSTPS 
 
RNS Number : 0451Z 
StepStone ASA 
15 September 2009 
 

StepStone ASA - Update on Unsolicited Offer by Axel Springer AG 
 
 
15 September 2009 - The Board of Directors of StepStone ASA ("StepStone") notes 
that Axel Springer AG ("Axel Springer") published the offer document in 
connection with its mandatory offer for all outstanding shares in StepStone 
(ticker symbols: Oslo Børs: STP, London Stock Exchange: STPS.L) on Friday 11 
September 2009 and that the offer period runs from 14 September 2009 to 12 
October 2009 (unless extended). 
 
 
As stated in our press release of 10 September 2009, the Board believes that the 
offer for NOK 8.60 per share does not reflect the full value of the business. 
The Board, with the assistance of its advisers, is considering and actively 
pursuing all available options that can contribute to maximising shareholder 
value. The Board will make further public statements with respect to the offer 
no later than 5 October 2009. According to the terms of the mandatory offer as 
presented in the offer document, any shares tendered for acceptance are binding 
and irrevocable and may not be withdrawn. The Board therefore recommends that 
shareholders take no further action with regard to accepting the offer until 
such statements have been made by the Board. 
 
 
Oslo, 15 September 2009 
The Board of Directors of StepStone ASA 
 
 
Contact : Ian Cole, CFO, 
Tel : + 44 7808 946404 
 
 
About StepStone 
 
 
StepStone helps businesses get increased performance from their people, helps 
them build and develop global talent pools, and helps people find new jobs that 
match their talents. StepStone was founded in Norway in 1996 and listed on the 
Oslo Børs (Ticker@ STP.NO) in 2000 and the London Stock Exchange (LSE: STPS) in 
2008. For more information see www.stepstone.com 
 
 
Ends. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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