Comment from the Independent Bid Committee of IRRAS regarding the public offer from IR Holding Bidco
On 30 June 2023, Legacy Capital, Spetses, Bacara, Lexington, Kleanthis G. Xanthopoulos, Panormos, Philippe Audi, and Nicolas Murat (the “Bid Consortium”), through IR Holding Bidco Inc. (the “Offeror”), announced a public offer of SEK 0.18 in cash per share to the shareholders of IRRAS AB (publ) (”IRRAS”) (the “Offer”). Marios Fotiadis, chairman of the board of IRRAS, and Kleanthis G. Xanthopoulos, board member and former CEO of IRRAS, are shareholders of IRRAS and are participating in the Offer as part of the Bid Consortium. They will contribute their shares in IRRAS to the Offeror upon