Transaction Agreement with Axel Springer AG

 

TIDMSTPS 
 
RNS Number : 2434A 
StepStone ASA 
05 October 2009 
 

StepStone ASA - Transaction Agreement with Axel Springer AG released : 5 October 
2009 
 
 
5 October 2009 - StepStone ASA ("StepStone") has today entered into an agreement 
with Axel Springer AG ("Axel Springer") regarding an increase in its offer price 
from NOK 8.60 per share to NOK 9.00 per share ("the Revised Offer Price"), 
valuing the total issued share capital of StepStone at approximately NOK 1,160 
million. 
 
 
The Board of Directors of StepStone, with the assistance of its financial and 
legal advisers, has considered and actively pursued all available options that 
can contribute to maximising shareholder value for StepStone. After a thorough 
evaluation of potential alternatives, StepStone has entered into a transaction 
agreement with Axel Springer at the Revised Offer Price. 
 
 
The Board will make a statement with respect to the revised offer shortly after 
the revised offer has been formally made by Axel Springer and recommends that 
shareholders take no further action with regard to accepting the offer until 
such statement has been made by the Board. 
 
 
Oslo, 5 October 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 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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