Beskrivning
| Land | Norge |
|---|---|
| Sektor | Informationsteknik |
| Industri | Kommunikation |
2021-06-11 16:09:11
Oslo, 11 June 2021
Reference is made to the Notice of Annual General Meeting in Infront ASA dated
27 May 2021. The board of directors has today resolved to withdraw and cancel
the notice of the Annual General Meeting in Infront ASA scheduled to take place
17 June 2021 at 13:00.
On 22 January 2021, Dash Bidco AS (the "Offeror") made an offer to acquire all
outstanding shares of Infront ASA (the "Company" or "Infront") (the "Offer"). On
1 June 2021, the Offer was declared unconditional, and on 3 June 2021, the
Offeror further announced that it would become the owner of 93.4% of the shares
of the Company upon completion of the Offer.
The Offeror has informed the board of directors that the Offeror will complete
the Offer and become the holder of shares representing approximately 93.4% of
the issued and outstanding shares in Infront on 15 June 2021 in accordance with
the terms of the Offer. The Offeror has also confirmed that it will carry out a
compulsory acquisition of the remaining outstanding shares in the Company as
soon as practically possible following completion of the Offer.
On this basis, Infront will have only one shareholder at the scheduled date for
the Annual General Meeting. The board of directors has resolved that since there
are no other shareholders, the previously announced notice of the Annual General
Meeting is cancelled. The Annual General Meeting is expected to be conducted on
the scheduled date with the Offeror as the sole shareholder attending.
For further information please contact:
Max Hofer, CFO of Infront, max.hofer@infrontfinance.com, +47 971 48 953