Adapteo Plc applies for the delisting of its shares from the main market of Nasdaq Stockholm AB
Adapteo Plc – Regulatory press release – 23 August 2021 at 16:30 CEST
This announcement is not an offer, whether directly or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law.
On 17 May 2021, Palace Bidco Oy ("WSIP Bidco" or the "Offeror") announced a voluntary public cash tender offer to acquire all outstanding shares in Adapteo Plc ("Adapteo") (the "Tender Offer"). WSIP Bidco declared the Tender Offer unconditional on 17 August 2021 and announced on 18 August 2021 that as at the expiry of the initial acceptance period of the Tender Offer on 16 August 2021, the Tender Offer had been accepted by shareholders holding in total 46,236,244 shares corresponding to approximately 94.18% of the total number of shares and votes in Adapteo (excluding 33,360 shares held by Adapteo in treasury).
Based on the information above, and at the request of WSIP Bidco, the board of directors of Adapteo has applied for delisting of Adapteo's shares from the main market of Nasdaq Stockholm AB ("Nasdaq Stockholm"). The last day of trading on the main market of Nasdaq Stockholm will be announced as soon as such a date has been decided and communicated to Adapteo by Nasdaq Stockholm.
For additional information, please contact
Erik Skånsberg, CFO, +46 70 264 70 35, erik.skansberg@adapteo.com
Adapteo in brief
Adapteo is a leading flexible real estate provider in Northern Europe. We build, rent out and sell adaptable buildings for schools, daycare centres, care, offices, accommodation and events. We know that our society will go through an immense change in the years to come. Whatever the future brings, we believe that adaptability is the best solution. With our buildings, we can transform, repurpose, scale up and scale down in a matter of weeks by using a modular and circular building concept. Our buildings can be used for a few days or indefinitely, always optimised for current needs. That is how we build adaptable societies.
Adapteo is listed on Nasdaq Stockholm and operates in Sweden, Finland, Norway, Denmark, Germany, and The Netherlands. In 2020, Adapteo’s Net sales were EUR 231 million.