Axactor SE: Commencement 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.
Oslo, 29 January 2021
Reference is made to the stock exchange announcement by Axactor SE (the "Company") on 9 December 2020 regarding multiple steps to strengthen the Company's financial platform, which included issuance of new shares to Geveran Trading Co. Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family ("Geveran") in a transaction that triggered a mandatory offer obligation for Geveran.
Geveran is today launching a mandatory offer to acquire all the shares in the Company that are not already owned by Geveran (the "Offer"). The terms and conditions of the Offer are set out in an offer document prepared by Geveran dated 28 January 2021, which has been approved by the Oslo Stock Exchange in its capacity as take-over supervisory authority.
Key terms of the Offer:
- Offer price: NOK 8.00 per share
- Offer period: From and including 29 January 2021 to 26 February 2021 at 16:30 CET
- Settlement date: No later than 14 calendar days after the expiry of the offer period
- Receiving Agent: DNB Markets, a part of DNB Bank ASA
As of the date hereof, Geveran owns 122,017,772 shares in the Company, representing 44.31% of the outstanding share capital and voting rights.
The offer document will be sent to all shareholders in the Company as registered in the Company's shareholder register in the VPS as of the date of the offer document, except to jurisdictions where the offer document may not be lawfully distributed. The offer document may also be obtained free of charge during ordinary business hours at the offices of the receiving agent, DNB Markets, a part of DNB ASA, Registrar Department, Dronning Eufemias gate 30, 0191 Oslo, Norway, phone: +47 23 26 80 20, e-mail: retail@dnb.no.
The offer document is, subject to regulatory restrictions in certain jurisdictions, also available at the following webpages: www.dnb.no/emisjoner.