Statement by the Board of Directors of Internationella Engelska Skolan in view of Peutinger AB’s mandatory offer
Internationella Engelska Skolan’s independent members of the Board of Directors unanimously recommends the shareholders not to accept the Offeror’s mandatory public offer.Background This statement is made by Internationella Engelska Skolan i Sverige Holdings II AB (publ)’s (“IES” or the “Company”) independent members of the Board of Directors (the “Board”) pursuant to section II.19 of the Nasdaq Stockholm takeover rules (the “Takeover Rules”).[1] On 25 September 2020, Peutinger AB[2] (the "Offeror"), owned by a consortium led by Paradigm Capital Value Fund SICAV, as well as Paradigm