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Oce shareholders approve Canon's acquisition bid

Feb 16, 2010 12:00 AM

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Océ has released the results of a shareholder meeting on the published offer by Canon Inc., via Canon Finance Netherlands B.V., for the shares of Océ N.V. made January 28, 2010.

The following resolutions were adopted in connection with the offer:

  • The meeting granted discharge and release to the resigning members of the supervisory board, effective on the settlement date.
  • Toshizo Tanaka, Seymour Liebman, Norman Eley and J.M. van den Wall Bake will be appointed members of the supervisory board effective on the settlement date and under the condition that the offer is declared unconditional.

The amendment of the Articles of Association is related to the following three main subjects:

  • Elimination of the cumulative protective preference shares;
  • Deletion of the transfer restriction re convertible cumulative financing preference shares; and
  • Changes to corporate governance structure.