Velcro shareholders to deliver shares to Computershare Investor

By Lisa Kerner

Charlotte, N.C., April 30 - Velcro Industries NV shareholders should deliver their shares for payment to Computershare Investor Services, Inc. between May 4 and June 1 in accordance with the default judgment rendered on April 6 by the Netherlands Antilles court sitting in Curacao.

Shareholders were ordered to transfer their shares to Cohere Ltd. through Computershare Investor in exchange for payment of $21 per share plus interest at 3.75% per year from April 6 until the date of payment, a Velcro news release said.

As previously reported, Cohere, then the record holder of more that 95% of Velcro's common shares, filed a petition in September 2008 to compel the transfer of the remaining Velcro shares it did not own.

Velcro Industries, based in Curacao, the Netherlands Antilles, is the holding company for the Velcro companies, which manufacture hook-and-loop fasteners.

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