Vedior announces settlement
Vedior is pleased to announce that an agreement has been reached with VEB (the Dutch Shareholders Association) regarding a settlement for shareholders who sold Vedior shares on Friday morning 30 November 2007, prior to the publication of a press release regarding the discussions between Vedior and Randstad. For this group of shareholders an amount of EUR 4.25 million will be made available. The settlement provides these shareholders approximately 80% compensation for the difference between the sale price of their shares compared to the price when trading was resumed at 1.20pm that day.
Vedior and VEB expect to submit a request under the Dutch Act on the Settlement of Mass Claims (`WCAM') to have the settlement certified. The details of the settlement will be further discussed and will be published in due course.
Tex Gunning, Vedior’s Chief Executive said, “ We are unhappy about the turn of events on that Friday, whatever may have caused these events. Although we firmly believe that we acted properly, we consider this settlement to be in the best interest of all our stakeholders. “
Company Profile:
Vedior is one of the world’s largest recruitment companies and is a full-service recruitment provider with a diversified portfolio of brands targeting a broad range of industry sectors.
From its global network of offices spanning Europe, North America, Australasia, Asia, Latin America and Africa, Vedior offers temporary and permanent recruitment as well as a number of complementary employment-related services such as outplacement, HR outsourcing, payrolling and training.
Vedior has a leading market position in the provision of professional/executive recruitment in sectors such as information technology, healthcare, accounting, engineering and education. We also have a significant global network providing administrative/secretarial and light industrial recruitment.
For further information, please contact:
Tex Gunning, Chief Executive Officer +31 (0)20 573 5609
Frits Vervoort, Chief Financial Officer
Jelle Miedema, Company Secretary