Castellum announces an increased share exchange and cash offer to Entra’s shareholders and the sale of a mature stabilized asset portfolio at a 20% premium to book value to Blackstone
A. Increased share exchange and cash offer to Entra’s shareholders On November 26, 2020, Castellum Aktiebolag (publ) (“Castellum”) announced the intention to launch a share exchange and cash offer to eligible Entra ASA’s (“Entra”) shareholders (the “Offer” and the “Offer Announcement”, respectively). Castellum now increases the consideration in the Offer by 13.9%1 (the “Revised Offer”) by offering each eligible Entra shareholder 8 newly issued Castellum shares for every 13 shares in Entra and NOK 54.39 in cash per share in Entra, representing a total value of NOK 1852 per Entra share