Q-Free: Receipt of non-binding proposal
The Board of Directors of Q-Free ASA has on 4[th] May 2021 received a non-binding proposal regarding a potential offer for 100% of the shares in Q-Free ASA from a US-based company. The proposal indicates an offer price equal to NOK 14.40 per Q-Free share, with 60% consideration in shares in the buyer and 40% cash consideration. Further, the non-binding proposal presupposes the completion of a satisfactory due diligence process and the entering into of a definitive agreement before an offer will be made to the Q-Free shareholders. Given the complexity in the proposed form of consideration