Betrusted Acquires majority of Ubizen N.V.
Betrusted now owns 89.33% of Ubizen’s Outstanding Shares
New York, NY and Leuven, Belgium - August 12, 2004 — Betrusted, the leading provider of security and trust services has announced the results of its offer for the remaining shares of Ubizen (Euronext: UBIB). The offer period ran from July 8, 2004 until August 6, 2004 at an offer price of EUR 2,10 per share.
At the closing of the offer on August 6th, 2004, 1.600.925 shares, or 3,91% of Ubizen’s outstanding shares, were tendered to Betrusted. In addition, since announcing its intention to make the offer on May 24, 2004, Betrusted has acquired 2.716.006 shares, or 6,64% of Ubizen’s outstanding shares, through transactions on Euronext Brussels. As a result Betrusted holds 36.536.869 shares, or 89,33% of Ubizen’s outstanding shares. Because the offer process did not result in Betrusted owning 90% of Ubizen’s outstanding shares, the offer will not be re-launched in accordance with article 32 of the Royal Decree (November 8, 1989).
Betrusted is the premier global provider of security and trust services to the world’s leading organizations and government agencies. Through its managed security services, Betrusted offers clients a comprehensive package of leading security products coupled with unrivalled expertise to help reduce costs, increase revenues and comply with government and industry regulations. For more information, please visit our website at www.betrusted.com
Ubizen is the principal provider of Managed Security Solutions for global businesses. Companies rely on Ubizen OnlineGuardian® services to manage, monitor and support security devices 24x7x365. Ubizen's Professional Services complement Ubizen OnlineGuardian services, by helping enterprises plan and implement security policies and infrastructures. Ubizen also protects Web servers against application-level attacks with Ubizen DMZ/Shield™ Enterprise.
For more information visit www.ubizen.com
RELEASED BY BETRUSTED HOLDINGS INC.