Compulsory acquisition - approval of guarantee
2019-04-09 16:40:17
Oslo Børs, in capacity as take-over supervisory authority, has approved payment
guarantee pursuant to the Securities Trading Act section 6-22 3rd sub-section
no. 3 in connection with compulsory acquisition ("squeeze-out") of shares in
NextGenTel Holding ASA without preceding mandatory offer. In this respect, Oslo
Børs has also considered the other relevant conditions applicable for the
exemption to present a mandatory offer pursuant to the Securities Trading Act
section 6-22 3rd sub-section.
Telecom Holding 3 AS has resolved to effect compulsory acquisition of the shares
in NextGenTel Holding ASA not already held by Telecom Holding 3 AS pursuant to
the Public Limited Liability Companies Act section 4-25.
The price offered under the compulsory acquisition is NOK 14 per share, which
would have been the minimum offer price for a mandatory offer from Telecom
Holding 3 AS to the shareholders of NextGenTel Holding ASA.
Attached is a copy of the guarantee document issued by DNB Bank ASA for the
benefit of those that are subject to the compulsory acquisition. The guarantee
document includes, amongst others, information on, the deadline for presenting
claims under the guarantee, the address for delivery of claims and the
documentation that must be submitted.