BEWI – Shareholder representing 50 per cent of shares in Jackon accepts the offer
With reference to the stock exchange notice issued by BEWI ASA ("BEWI" or the "Company") on 1 October 2021 regarding its offer to acquire all shares in Jackon Holding ("Jackon"), BEWI now announces that the Company has received acceptance of the offer from HAAS AS, a company owned by the Akselsen family holding 50 per cent of the shares in Jackon. The Akselsen family was one of the founders of Jackon in 1956.
The Jackon shareholders are offered consideration in the form of cash or new BEWI shares subject to a 12-months lock-up. HAAS AS has chosen to receive its consideration in the form of new BEWI shares. The minimum acceptance condition in BEWI's offer has thereby been fulfilled.
“We have spent the weekend evaluating and discussing the offer, having numerous conversations, both within the family, but also with representatives from BEWI. When we now choose to sell our shares to BEWI against settlement in shares, it means that we as owners want to actively engage in bringing Jackon to the next level together with BEWI. We believe that our two companies are a very good industrial match, as we complement each other well and have a lot to learn from each other. Our choice is based solely on what we believe is the right choice for the company and its employees,” says Andreas M. Akselsen on behalf of his family.
“We are very excited about Akselsen’s decision to join our team in BEWI. Our families have known each other for years, and we are impressed by how they have developed Jackon into the company it is today. Now, we have the opportunity to further strengthen our companies together, a responsibility we are humble to take on,” says Christian Bekken, CEO of BEWI.
For further information (including the terms and other conditions of the offer), see the stock exchange notice issued by BEWI on 1 October.
Contacts:
Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959
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 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication, through the agency of the contact person set out above, at 22:35 CEST on 3 October 2021.