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Shareholders Optelecom-NKF approve take over by TKH

Shareholders Optelecom-NKF approve take over by TKH

With reference to the intention of TKH to acquire the activities of Optelecom-NKF Inc., based in Germantown, United States of America (NASDAQ: OPTC, "Optelecom-NKF") as announced on 11 November 2010, TKH announces that during the  Extraordinary General Meeting of Optelecom-NKF, held yesterday, the shareholders voted in favour of the intended acquisition by TKH as laid down in the merger agreement between both parties. TKH will acquire all shares in Optelecom-NKF, in an all cash transaction of $ 2.45 per share. The total purchase price of the shares is $ 9.2 million.

The transaction is expected to close on 27 January 2011, under the condition that all closing conditions in the merger agreement are fulfilled.

Following closing, the Optelecom-NKF activities will be integrated in TKH's security cluster, which is part of the business sector Building Solutions. The strategic fit between TKH and Optelecom-NKF is excellent. Optelecom-NKF's portfolio is complementary to TKH's existing portfolio. This acquisition is also in line with TKH's objective to increase the turnover generated by the security solutions to 20% of the total turnover.

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