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2018-10-09 09:21:12
Oslo, 9 October 2018: Victory Partners VIII Norway AS ("Victory Partners") has
today successfully completed the voluntary offer to acquire all issued and
outstanding shares in LINK Mobility Group ASA ("LINK") as described in the offer
document dated 9 July 2018 (the "Offer"). As a result, Victory Partners holds
14,729,293 shares in LINK, equal to approximately 97.57% of the total issued and
outstanding shares in LINK.
Payment of the offer price to the LINK shareholders who have accepted the Offer
has been made and will be available on such shareholders' registered bank
accounts with the VPS today.
Victory Partners intends to effect a compulsory acquisition of the remaining
shares in LINK at a price equal to the offer price of NOK 225 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.
For questions regarding the Offer, please contact the receiving agent:
Skandinaviska Enskilda Banken AB (publ), Oslo Branch ("SEB")
Tel: +47 22 82 70 00
E-mail: acceptance@seb.no
SEB is acting as financial advisor, and Advokatfirmaet BAHR, DLA Piper and Paul
Hastings are acting as legal advisors, to Victory Partners in connection with
the Offer.
Forward-looking Statements
This news release contains certain forward-looking statements that are based on
uncertainty, as they relate to events and depend on circumstances that will
occur in the future and which, by their nature, may have an impact on results of
operations and the financial condition of Victory Partners and/or LINK. Such
forward-looking statements reflect our current expectations and are based on the
information currently available. Victory Partners cannot give any assurance as
to whether such forward-looking statements will prove to be correct. These
forward-looking statements include statements regarding the Offer, expected
timing, and expected benefits of the Offer. There are a number of factors that
could cause actual results and developments to differ materially from those
expressed or implied by these forward-looking statements. These factors include,
among other things, satisfactions of conditions to the Offer and investor
participation in the Offer.
Important Notice: The Offer and the distribution of this announcement and other
information in connection with the Offer may be restricted by law in certain
jurisdictions. Victory Partners and LINK assume no responsibility in the event
there is a violation by any person of such restrictions. Persons into whose
possession this announcement or such other information should come are required
to inform themselves about and to observe any such restrictions.
THE OFFER WILL NOT BE MADE IN ANY JURISDICTION IN WHICH MAKING OF THE OFFER
WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT
DOES NOT IN ITSELF CONSTITUTE AN OFFER. THE OFFER WILL ONLY BE MADE ON THE BASIS
OF THE OFFER DOCUMENT AND CAN ONLY BE ACCEPTED PURSUANT TO THE TERMS OF SUCH
DOCUMENT.