Beskrivning
Land | Norge |
---|---|
Sektor | Informationsteknik |
Industri | Kommunikation |
2021-06-15 08:05:10
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA,
CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.
London/Oslo, 15 June 2021
Reference is made to the offer document dated 22 January 2021 (the "Offer
Document") for the recommended voluntary offer (the "Offer") by Dash Bidco AS
(the "Offeror") to acquire all outstanding shares of Infront ASA (the "Company"
or "Infront"), and the subsequent stock exchange notices in respect of the
Offer, including on 1 June 2021, regarding the Offer being declared
unconditional, and on 3 June 2021, regarding further disclosure of the
shareholding of the Offeror.
Payment of the offer price of NOK 40.00 per share pursuant to the Offer is being
made today to the shareholders of Infront who accepted the Offer, and such
payment will be available on the relevant shareholders' registered bank accounts
with the VPS no later than on 17 June 2021. At the same time, the 11,340,000
shares being acquired from the founders of Infront, Kristian Nesbak (through
Nesbak AS) and Morten Lindeman (through Lindeman AS), are being transferred to
the Offeror. As a result, the Offeror holds in total 40,559,473 shares,
representing approximately 93.4% of the total shares and voting rights in
Infront.
The Offeror intends to effect a compulsory acquisition of the remaining shares
in Infront at a price equal to the offer price of NOK 40.00 per share as soon as
possible. A separate announcement will be released once the compulsory
acquisition has been resolved in accordance with section 6-22 of the Norwegian
Securities Trading Act, cf. section 4-25 of the Norwegian Public Limited
Liability Companies Act.
DNB Markets, a part of DNB Bank ASA and Ernst & Young LLP are acting as
financial advisors to the Offeror, and DNB Markets, a part of DNB Bank ASA, is
acting as receiving agent. Advokatfirmaet Thommessen AS is Norwegian legal
adviser, and Travers Smith LLP is English legal adviser, to the Offeror in
connection with the Offer.
For further information, please contact:
Sarah Gestetner
Communications and Marketing Director, Inflexion
T. +44 (0)20 7487 9820
About Inflexion
Inflexion is a mid-market private equity firm, investing in high growth,
entrepreneurial businesses with ambitious management teams and working in
partnership with them to accelerate growth. Inflexion's flexible approach allows
it to back both majority and minority investments, investing £10m to £300m of
equity in each deal. With bespoke teams and dedicated capital, Inflexion's funds
invest across all sectors from offices in London, Manchester and Amsterdam.
Inflexion helps businesses achieve the next stage of their development through
international expansion, operational improvements, digital expertise, talent
management, access to Inflexion's networks and funding for acquisitions. Funds
advised by Inflexion Private Equity Partners LLP have funds under management of
c.£5.4bn.
About Infront
Infront offers a powerful combination of global market data, news, analytics and
trading tools. With the recent acquisition of vwd Group, Infront's product
coverage also includes data and feed solutions, solutions for portfolio
management and advisory, regulatory compliance as well as publication and
distribution solutions. Our more than 3,000 customers and over 90,000
professional users benefit from the highest level of expertise in regulation,
private wealth, market data and the frictionless interaction of the diverse
solutions and products covering their complete workflow. Approximately 500
employees apply their expertise to meet the challenges of our clients, ensuring
they continuously receive the best solutions and services.