Beskrivning
| Land | Norge |
|---|---|
| Sektor | Informationsteknik |
| Industri | Kommunikation |
2021-06-16 17:11:39
London/Oslo, 16 June 2021
Reference is made to the stock exchange announcements of 15 June 2021 regarding
the completion of the voluntary offer by Dash BidCo AS (the "Dash Bidco" or
"Offeror") for all shares in Infront ASA ("Infront" or the "Company") not
already owned by the Offeror (the "Offer").
Following completion of the Offer, Dash BidCo currently owns 40,559,473 shares
in Infront, representing 93.4% of the total shares and voting rights.
The Board of Directors of Dash BidCo has resolved, effective from after close of
trading on Oslo Børs today, 16 June 2021, a compulsory acquisition of all shares
in Infront not owned by Dash BidCo, pursuant to section 6-22 of the Norwegian
Securities Trading Act, cf. section 4-25 of the Norwegian Public Limited
Liability Companies Act. As a consequence, the Offeror will automatically assume
ownership of the shares that are subject to compulsory acquisition, and Dash
Bidco will as from the date hereof be owner of 100% of the shares in the
Company.
The offered redemption price under the compulsory acquisition will be NOK 40.00
per share, which corresponds to the offer price in the Offer and, according to
section 6-22 of the Norwegian Securities Trading Act, is the applicable
redemption price in a subsequent compulsory acquisition. Dash Bidco has obtained
a guarantee for the settlement under the compulsory acquisition in accordance
with section 6-22 (3) no. 3 of the Norwegian Securities Trading Act.
Any objections to, or rejection of, the offered redemption price must be made at
the latest on 16 August 2021. Former shareholders of Infront who do not object
to, or reject, the offered redemption price within this deadline will be deemed
to have accepted the offered price. Settlement of the offer price to the
minority shareholders will take place as soon as possible and no later than 21
June 2021.
A letter regarding the compulsory acquisition will be sent to all former
shareholders of the Company whose addresses are known and whose shares have been
acquired by way of the compulsory acquisition. In addition, the compulsory
acquisition will be announced electronically by the Norwegian Register of
Business Enterprises.
Following the compulsory acquisition, Dash BidCo will pursue a de-listing of the
Company's shares from the Oslo Stock Exchange. Separate stock exchange notices
will be published regarding such delisting.
For further information, please contact:
Sarah Gestetner
Communications and Marketing Director, Inflexion
T. +44 (0)20 7487 9820