Nortem N.V. in Liquidation (Nasdaq:MTCH), formerly
"Metron Technology N.V.", announced today that Nortem and the holders
of the 8% Convertible Debentures due February 15, 2007 issued by
Nortem (the "8% Debentures"), the warrants to purchase Nortem common
shares issued in connection with the 8% Debentures (the "2003
Warrants"), the 6.5% Convertible Debentures due June 16, 2008 issued
by Nortem (the "6.5% Debentures") and the warrants to purchase Nortem
common shares issued in connection with the 6.5% Debentures (the "2004
Warrants") have agreed that the 8% Debentures, the 6.5% Debentures,
the 2003 Warrants and the 2004 Warrants will be cancelled in exchange
for a cash payment by Nortem equal to $4.65 for each share of Nortem
common stock into which such debentures and warrants were convertible.
The holders of the 8% Debentures, the 6.5% Debentures, the 2003
Warrants, and the 2004 Warrants will not receive any other payment in
connection with Nortem's liquidating distributions in respect of such
debentures and warrants.
© 2005 Business Wire
