BEWI – Completion of acquisition of majority stake of listed Polish company IZOBLOK and completion of private placement
Reference is made to the stock exchange release dated 28 April 2021 regarding BEWI ASA's acquisition of a majority stake of the listed Polish company IZOBLOK Spólka Akcyjna, a leading European provider of Expanded Polypropylene (EPP) components to the automotive industry.
The transaction was completed today. BEWI has acquired 54.21 per cent of the shares, corresponding to 65.66 per cent of the voting rights, of IZOBLOK.
In connection with completion of the transaction, BEWI has also completed a private placement directed towards the majority seller in the transaction, in which 1,132,792 new shares have been subscribed at a subscription price of NOK 27,50 per share. Following registration of the share capital increase pertaining to the issue of shares in the private placement in the Norwegian Register of Business Enterprises, the Company will have an issued share capital of NOK 156,610,804, divided into 156,610,804 shares, each with a par value of NOK 1. The registration is expected to take place on or about 12 July 2021.
For further information, please contact:
Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 975 61 959
About BEWI ASA
BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.
BEWI ASA is listed at the Oslo Børs under ticker BEWI.
The information is such that BEWI ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:30 CEST on 7 July 2021