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TRANSACTION AGREEMENT

6. OTHER PROVISIONS

6.1

Confidentiality

This Agreement shall be subject to confidentiality pursuant to the confidentiality agreement entered into between Stockmann and Lindex on 27 August 2007 (the “Confidentiality Agreement”). The Parties

acknowledge, however, that the contents of this Agreement shall be published in the offer document to be prepared in connection with the Offer to the extent required by the Takeover Rules.

6.2

Appendices incorporated

Each Appendix to which reference is made herein and which is attached hereto shall be deemed to be incorporated in this Agreement by such reference.

6.3

Headings

The headings of this Agreement are for convenience of reference only and shall not in any way limit or affect the meaning or interpretation of the provisions of this Agreement.

6.4

Whole agreement

Without prejudice to the Confidentiality Agreement, this Agreement contains the whole agreement between the Parties with respect to the subject matter hereof and supersedes any prior agreements and understandings among the Parties with respect thereto. No addition to or modification of any provision of this Agreement shall be binding upon any Party unless made in writing and signed by both Parties.

6.5

Amendments

Any amendments to this Agreement shall be in writing and shall have no effect before signed by the duly authorized representatives of both Parties.

6.6

Assignment

This Agreement and the rights and obligations specified herein shall be binding upon and inure to the benefit of the Parties hereto and shall not be assignable by either Party hereto (whether by operation of law or otherwise) without the prior written consent of the other Party except that Stockmann may, at its discretion, elect to make the Offer through a wholly owned subsidiary in which case such subsidiary will replace Stockmann as a party to this Agreement while Stockmann remains fully liable for the performance by such subsidiary of all its obligations hereunder.

Notwithstanding anything contained in this Agreement to the contrary, nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement.

6.7

No waiver

Failure by any Party at any time or times to require performance of any provisions of this Agreement shall in no manner affect its right to enforce the same, and the waiver by any Party of any breach of any provision of this Agreement shall not be construed to be a waiver by such Party of any succeeding breach of such provision or waiver by such Party of any breach of any other provision hereof.

6.8

Provisions severable

If any part of this Agreement is held to be invalid or unenforceable such determination shall not invalidate any other provision of this Agreement; however, the Parties hereto shall attempt, through negotiations in good faith, to replace any part of this Agreement so held to be invalid or unenforceable in order to give effect to the intentions of the Parties when signing this Agreement. The failure of the Parties to reach an agreement on a replacement provision shall not affect the validity of the remaining part of this Agreement.

6.9

Expenses

All expenses incurred in connection with this Agreement and the transactions contemplated hereunder shall be paid by the Party incurring such expenses whether or not the Offer or any other transaction contemplated herein are consummated.

Lindex agrees that its expenses for external advisors (including without limitation legal, financial and investment bankers) and transaction costs in connection with the transactions contemplated under this Agreement will not exceed SEK 35 million and that all expenses exceeding such amount will be subject to prior written approval by Stockmann.

6.10

Notices

All notices, demands or other communication, which shall be in the English language, to or upon the respective Parties hereto shall be deemed to have been duly given or made when delivered by mail or telefax to the Party in question as follows:

If to Lindex: Lindex

attention: Mr. Conny Karlsson address: Box 233, 401 23 Gothenburg telefax: +46 (0)31 15 14 95

If to Stockmann: Stockmann attention: Mr. Hannu Penttilä

address: Aleksanterinkatu 52 B; PL 220; 00101 Helsinki telefax: + 358 (0)9 121 3101

or at such other address as the respective Party may hereafter specify in writing to the other Party.

6.11

Governing law and disputes

This Agreement shall be governed by and construed in accordance with the substantive laws of Sweden.

Any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Rules of the Arbitration Institute of the Stockholm Chamber of Commerce, Sweden. The arbitral tribunal shall be composed of three arbitrators. The arbitration shall be held in Stockholm and the arbitral proceedings shall be conducted in the English language.

6.12

Counterparts

This Agreement has been executed in two (2) identical counterparts, one (1) for each Party.

IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement in Helsinki and Stockholm as of the day and year first above written.

Stockmann Oyj Abp

___________________________________

AB Lindex (publ)

__________________________________

Appendix 1

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