Update to shareholders regarding Mandatory Offer and subscription period for the Subsequent Offering
On 9 December 2020, Axactor SE ("Axactor" or the “Company”) announced a number of measures to strengthen its financial platform. The measures included (i) a private placement of NOK 320 million (the “Private Placement”), (ii) a proposed subsequent offering of up to NOK 214 million (the “Subsequent Offering”), (iii) acquisition of Geveran’s 50% stake in Axactor Invest 1 S.à r.l. in exchange of 50 million shares in the company (the “Axactor Invest Roll-up), and (iv) a refinancing of the company’s bank facilities and bond (the “Refinancing”). The offer price in the Private Placement, the