STOCKHOLM -- Infinera Corporation’s offer to the shareholders of Transmode AB has been accepted by shareholders holding an aggregate of 26,536,929 shares, corresponding to approximately 95.8% of the total number of outstanding shares and votes in Transmode. Infinera declares the offer unconditional and completes the offer. Settlement is expected to occur on or around August 20, 2015.

On April 9, 2015, Infinera Corporation (NASDAQ:INFN) (“Infinera”) announced a recommended public offer to the shareholders of Transmode AB (“Transmode”) to tender all their shares in Transmode to Infinera (the “Offer”). On June 29, 2015, Infinera announced that the Offer had been enhanced by providing Transmode shareholders with an additional consideration alternative. An offer document regarding the Offer was made public on July 9, 2015 (the “Offer Document”) and on July 29, 2015 Infinera published a supplement to the Offer Document (the “Supplement”).

As of August 7, 2015, the end of the acceptance period under the Offer, shareholders in Transmode holding an aggregate of 26,536,929 shares, corresponding to approximately 95.8% of the total number of outstanding shares and votes in Transmode, had accepted the Offer. Approximately 63% of the shares tendered have been tendered under the Original Consideration Alternative (as defined in the Offer Document), and approximately 37% of the shares tendered have been tendered under the Capped Cash Alternative (as defined in the Offer Document). As all conditions to the Offer have been fulfilled, Infinera declares the Offer unconditional and completes the Offer.

For Transmode shares tendered under the Capped Cash Alternative, no pro-rata reduction will occur and all such shares are accordingly tendered for cash consideration.

Settlement in respect of the Transmode shares duly tendered by August 7, 2015 is expected to occur on or around August 20, 2015.

Transmode Systems AB