SBB’s offer to the shareholders of Entra expected to lapse due to non-fulfilment of the minimum acceptance condition
Reference is made to the combined offer document and exempted document dated 20 January 2021 (the "Offer Document") for the voluntary offer by Samhällsbyggnadsbolaget i Norden AB ("SBB") to acquire all outstanding shares in Entra ASA ("Entra") (the "Offer"). Under the terms of the Offer, Entra shareholders are offered a fixed price of NOK 190 per Entra share, delivered as NOK 123.50 in cash (65% of the total consideration) and NOK 66.50 in new SBB Class B Shares (35% of the total consideration). The Offer is subject to a 90% minimum acceptance condition. SBB hereby announces that the