Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
2023-11-23 15:21:06
AGREEMENT FOR LAUNCH OF A TENDER CASH OFFER OF NOK 3.50 PER SHARE TO THE
SHAREHOLDERS OF MINTRA HOLDING AS
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.
OFFER SUMMARY
o Ferd AS and Tjaldur Holdco II AS (together the "Investors"), owning a total of
~71.5% of the shares in Mintra Holding AS (the "Company" or "Mintra") have
entered into an agreement for a tender cash offer to acquire all remaining
issued and outstanding shares in the Company (the "Offer")
o The Offer is being made by the Investors through Minerva Topco AS, a single
purpose vehicle established for the purpose of the Offer (the "Offeror"). The
Investors will, subject to and upon completion of the Offer, contribute their
shares in Mintra in exchange for shares in the Offeror
o The shareholders of Mintra will receive a cash offer of NOK 3.50 per Share
(the "Offer Price")
o Certain members of the Company's management have indicated an interest to
contribute their shares in Mintra in exchange for shares in the Offeror upon
completion of the Offer
o An offer document setting out the terms for the Offer will be made available
to shareholders by the Offeror prior to start of the offer period
o The Offer is subject to customary conditions from the Offeror, including a
minimum acceptance level of 90% and regulatory approvals
o The Offeror aims to delist Mintra from Euronext Growth upon completion of the
Offer
o The Board of Directors in Mintra is not in a position to provide a statement
to the Offer since the majority of the Board is related to the Investors
Oslo, 23 November 2023: The Investors today announce an agreement to launch the
Offer for all the issued and outstanding shares of the Company (the "Shares"),
not already owned by the Investors. The Offer Price implies a market
capitalisation of the Company of NOK ~783.5 million, based on the 223,870,222
Shares outstanding as per 23 November 2023. The Offer Price equals the share
price paid for the 7,605,608 shares acquired on 23 November 2023