Axactor SE – Update of final results of mandatory offer to acquire all shares in Axactor SE

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Reference is made to the mandatory offer dated 29 January 2021 (the "Mandatory Offer") to acquire all shares in Axactor SE (the "Company") at an offer price of NOK 8.00 per share, made by Geveran Trading Co. Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family ("Geveran"). The acceptance period for the Mandatory Offer expired on 26 February 2021 at 16:30 CET. 

The final results shows that Geveran received valid acceptances under the Mandatory Offer for a total of 625,806 shares, corresponding to approximately 0.23% of the registered share capital and voting rights in the Company. 

Following completion of the Mandatory Offer and subject to due settlement of the shares for which acceptances are received, Geveran will own 122,643,578 shares representing 44.53% of the total registered share capital and voting rights in the Company (based on 275,395,464 issued and registered shares in the Company). Following registration of the share capital increase pertaining to the shares resolved to be issued by the Company on 23 February 2021, Geveran's relative shareholding will be 40.59% of the total share capital and voting rights in the Company. 

For settlement details, please see the announcement in 26 February 2021.    

Geveran is registered as a close associated to a primary insider of the Company. Please see the form for notification and public disclosure of transactions attached.  

This notification has been submitted pursuant to article 19 of the Market Abuse Regulation.