Statement from the Board of Directors of Semcon in response to Etteplan’s public takeover bid
Background
This statement is made by the Board of Directors of Semcon AB (publ) (“Semcon” or the “Company") pursuant to section II.19 of Nasdaq Stockholm’s Takeover Rules (the “Takeover Rules”).
Etteplan Oyj (“Etteplan”) has today, on 23 August 2022, submitted a public cash takeover bid to the shareholders of Semcon to transfer all of their respective shares in Semcon to Etteplan (the “Offer”). According to the terms of the Offer, Etteplan offers a cash consideration of SEK 149 per share in Semcon (the “Offer Price”) corresponding to a total value of approximately SEK 2.7 billion[[1]].