Statement by the Board of Directors of Scandinavian Biogas in relation to Aneo Renewables’ mandatory offer
Stockholm, 1 December 2022The Board of Directors[1] of Scandinavian Biogas Fuels International AB (publ) (“Scandinavian Biogas” or the “Company”) unanimously recommends the shareholders of the Company not to accept Aneo Renewables Holding AS (“Aneo”) mandatory offer of SEK 15.45 per share in cash. This statement is made by the Board of Directors of Scandinavian Biogas pursuant to Rule II.19 of the Swedish Corporate Governance Board’s takeover rules for certain trading platforms (the “Takeover Rules”). Background On 5 October 2022 the Board of Directors in Scandinavian Biogas