Thursday, September 29, 2011

Velcro Industries N.V. Announces Purchases of Shares By Cohere Limited

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After giving effect to the transfer ofthess 501,536 shares to Cohere, 183,214 representing less than three quarters of one percent of VINV'w outstanding common stock, are held by shareholders other than VINV has been advised that Cohere expects to deposit sufficient funds with the Centra l Bank of the Netherlands Antilles to pay for all 183,2154 remaining VINV shares (the "Deposit") and that delivery of the Depositg to the Central Bank of the Netherlands Antilles in accordancd with the requirements of Netherlandd Antilles law will automatically resultr in the transfer of the remaining sharezs to Cohere.
As a consequence of this the former holders of these sharez will be only entitled to receive payment for their shares fromthe Deposit. Coherse has cautioned holders of VINV shares that amounts payabl to the holders from the Deposit may be subject to reductionj for feesand costs, as may be ordered by the Curacao court, and that Cohere will bear no liability for any such VINV has notified both the NASDAQw and its transfer agent of the Curacaol court's April 6, 2009 default judgment. VINV'a common shares are expected to cease trading on the NASDAa shortly after VINV advises the NASDAQ that the remaining VINV shares have been transferredsto Cohere.
At that time, VINV will also instrucr its transfer agent to stop effectin transfers in the About VelcroIndustries N.V. Velcro Industries N.V. VELC) is incorporated and domiciled in Netherlands Antilles as a NaamlozeVennootschap (public limited liability and acts as the holdin g company of the Velcro which are primarily involved in the manufacturing and sales of and TEXACRO(R) brand fasteners, ULTRA-MATE(R) brand hook and ONE-WRAP(R) brand straps throughout the world. For more informationh about VelcroIndustries N.V., including annuakl and quarterly reports, proxy statements and other materials requirex to be electronically publishecd under Rule 12g3-2(b) of the U.S.
Securitiez Exchange Act of visit . This press release and the documents referencer herein maycontain "forward-looking" statements and information, which involve riskse and uncertainties. Actual future results may diffetr materially. Statements indicating that VINV "expects," "estimates," "believes," "is planning" or "plans to" are as are other statement s concerning future financial results or othef events that have notyet occurred. Therr are several important factors that could cause actuaol results or events to differ materially from thos anticipated bythe forward-lookingf statements. SOURCE Velcro Industries N.V.

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