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Information to the Shareholders of Transcom Worldwide S.A

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Information to the Shareholders of Transcom Worldwide S.A Information to the shareholders of Transcom WorldWide S.A. regarding a re-domiciliation of the parent company of the Transcom Worldwide Group from Luxembourg to Sweden through a statutory merger between Transcom WorldWide S.A. and Transcom WorldWide AB (publ) This document describes the statutory merger between Transcom Worldwide S.A and Transcom WorldWide AB (publ). The complete informational material, consists of several parts; this document, Transcom Worldwide S.A Group's consolidated financial statements for the financial years 2011, 2012 and 2013 and interim condensed consolidated financial statement for the period 1 January – 30 June 2014, as well as Transcom WorldWide AB’s annual reports for the financial years 2012 and 2013 and interim condensed consolidated financial statements for the period 1 January – 30 June 2014. In order to obtain such financial reports, and thereby together with this document obtain the complete information material concerning the merger, please visit the Transcom WorldWide S.A's website www.transcom.com. These documents can also be obtained, free of charge from Transcom, telephone +46 (0)70-776 80 88 as well as at Skandinaviska Enskilda Banken's website www.sebgroup.com/prospectuses. Important information This Information Document has been approved and registered by the Swedish Financial Supervisory Authority (Finansinspektionen ) (the “SFSA”) pursuant to the provisions of Chapter 2b, sections 2 and 4 of the Swedish Financial Instrument Trading Act (1991:980). Approval and registration by the SFSA does not imply that the SFSA guarantees that the factual information provided in the Information Document is correct and complete. This Information Document shall be governed by Swedish law. The courts of Sweden have exclusive jurisdiction to settle any dispute arising out of or in connection with this Information Document. The district court of Stockholm ( Sw. Stockholms tingsrätt ) shall be the court of first instance. With the exception of what is noted under "Auditor’s Report on Proforma Financial Information", under “Auditors’ statement regarding merger plan according to Chapter 23 Section 40 of the Swedish Companies Act (2005:551)” and under the audited financial statements that have been incorporated through reference, no other information in the document has been audited by Transcom Swe's or Transcom Lux's auditors. SEB Corporate Finance has rendered a fairness opinion regarding the merger consideration. The document is made available at Transcom Swe’s and Transcom Lux's head offices and Transcom's website www.transcom.com , as well as at SEB’s website www.sebgroup.com/prospectuses . The Information Document has been prepared in English only together with a summary in Swedish in accordance with an exemption granted by the SFSA as set out in Chapter 2b, Section 2 of the Swedish Financial Instruments Trading Act (1991:980). Certain documents are incorporated by reference in this Information Document, as further outlined under "Historical Financial Information (documents incorporated by reference)". Notice to shareholders in the United States The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the Securities Act) or under any of the relevant securities laws of any state or other jurisdiction of the United States. Neither the US Securities and Exchange Commission nor any US state securities commission has approved of the shares or determined if this Information Document is accurate or complete. Any representation to the contrary is a criminal offence in the United States. The shares will be offered in the United States only pursuant to an exemption from the registration requirements of the Securities Act. The shares may not be offered, sold, resold or otherwise transferred in the United States except pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act. This Merger relates to the securities of a Swedish company. The Merger is subject to disclosure requirements of the Kingdom of Sweden and the Grand Duchy of Luxembourg which are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with accounting standards in Luxembourg and Sweden that may not be comparable to the financial statements of United States companies. In addition, any pro forma and other financial statements included in this Information Document may not comply with the requirements of SEC Regulation S-X. It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the issuer is located in a non-US jurisdiction, and some or all of its officers and directors may be residents of non-US jurisdictions. You may not be able to sue a non-US company or its officers or directors in a non-US court for violations of the US securities laws. It may be difficult to compel a non-US company and its affiliates to subject themselves to a US court's judgment. Notice to shareholders resident in certain US states This Prospectus shall not constitute or be deemed an offer to sell or the solicitation of an offer to buy any shares in any state in which registration or qualification of the shares may be required including without limitation Connecticut, Massachusetts, New Jersey, New York and Tennessee. Forward-looking statements and market information This Information Document contains forward-looking statements that reflect Transcom’s current views on future events and on financial and operational development. These forward-looking statements are only made at the time of the publication of the Information Document. Transcom does not undertake to publish updates or revisions of the forward-looking statements based on new information, future events et cetera. Although Transcom believes the expectations described in the forward-looking statements will be realised or that the statements will prove to be correct, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from Transcom’s expectations. Consequently, prospective investors should not give undue importance to these and other forward-looking statements. In Risk factors there is a description of some, but not all, of the factors that may cause the actual results or development of Transcom to deviate significantly from the scenarios in the forward-looking statements. This Information Document contains historical market information and industry prognoses, including information about the size of the markets where Transcom operates. The information has been obtained from various external sources and Transcom is responsible for ensuring that such information is accurately reproduced. Although Transcom believes these sources to be reliable, no independent verification has been carried out and therefore the accuracy and completeness of the information cannot be guaranteed. As far as Transcom knows and can confirm by comparing this with other information published by the third parties from which the information has been obtained, no information has been omitted in such a way that would render the reproduced information erroneous or misleading. Certain financial and other information set forth in this Information Document has been rounded off, for the convenience of readers. Accordingly, in certain tables, the sum of the numbers in a column may not conform exactly to the total figure given. 2 Contents Translation into Swedish of summary .................................................................................................................................. 4 Summary ................................................................................................................................................................................ 23 Risk factors ............................................................................................................................................................................. 42 Background and reasons ....................................................................................................................................................... 48 Merger terms and conditions .............................................................................................................................................. 50 Fairness opinion from SEB Corporate Finance .................................................................................................................. 54 Message from the CEO ........................................................................................................................................................ 56 Market overview ..................................................................................................................................................................... 57 Description of operations...................................................................................................................................................... 62 Pro forma financial information ............................................................................................................................................ 71 Auditors report on pro forma financial information .......................................................................................................... 78 Selected financial information ............................................................................................................................................
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