Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
2023-04-24 08:00:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
SUMMARY
o Lumi Gruppen AS ("Lumi" or the "Company") has entered into a transaction
agreement for a unanimously recommended cash offer for all issued and
outstanding shares in Lumi (the "Offer") by Lola Bidco AS (the "Offeror")
o The Offeror is a wholly-owned subsidiary of Hanover Active Equity Fund III SCA
SICAV RAIF, advised by Hanover Investors Management LLP ("Hanover"). As of the
date of this announcement, Hanover holds 13,363,804 shares in Lumi, representing
25.3% of Lumi's total share capital
The shareholders of Lumi will receive a cash offer of NOK 15.25 per share (the
"Offer Price")
o All board members and members of Lumi's executive management holding Lumi
shares have pre-accepted the Offer
o The subsequent offering as announced by Lumi on 8 March 2023 (the "Subsequent
Offering") is expected to be launched today
o The Offer is subject to customary completion conditions
o The Offeror aims to delist Lumi from Euronext Growth upon completion of the
Offer
Oslo, 24 April 2023: The Offeror has reached an agreement with the board of
directors of Lumi (the "Board") to launch the recommended cash Offer for all the
issued and outstanding shares of the Company (the "Shares"). The Offer Price
implies a market capitalisation of the Company of approximately NOK 806 million,
based on 52,860,481 Shares outstanding as per 24 April 2023. Furthermore, the
Offer Price represents:
o A premium of 45.2% to the subscription price in the private placement placed
by the Company on 7 March 2023 and in the Subsequent Offering of NOK 10.50 per
Share