Result of purchase order and disclosure of shareholding in FLSmidth & Co. A/S
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Press release
Copenhagen, 16 August 2023
Result of purchase order and disclosure of shareholding in FLSmidth & Co. A/S
Reference is made to the press release on 16 August 2023 regarding a purchase order for shares in FLSmidth & Co. A/S.
Altor Invest 7 AS (the “Investor”), a subsidiary of Altor Fund V (comprising of Altor Fund V (No. 1) AB and Altor Fund V (No. 2) AB), which is part of the Altor family of funds, has through an accelerated purchase bookbuild offering on 16 August 2023 acquired 2,208,922 shares in FLSmidth & Co. A/S (“FLSmidth” or the “Company”), corresponding to approximately 3.8% of the shares outstanding, at a price of DKK 315 per share.
Combined with the Investor’s existing shares in FLSmidth, the newly acquired shares bring the Investor’s total ownership in FLSmidth to 8,589,850 shares (equivalent to 14.9% of the outstanding share capital).
The Investor has agreed not to purchase any additional shares beyond 14.9% ownership during the period ending on the date of the Company's release of its interim financial report for the period ending 30 September 2023 (currently expected to be released on 9 November 2023).
Carnegie Investment Bank AB (publ) (“Carnegie”) acted as Sole Global Coordinator and Sole Bookrunner in connection with the purchase.
Disclaimer
The purchase has not included an offer, whether directly or indirectly, in the United States, Canada, Japan, South Africa, Hong Kong or Australia, unless otherwise indicated, or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdictions would be prohibited by applicable law. This announcement is intended for the sole purpose of providing information. Persons needing advice should consult an independent financial adviser. This announcement does not constitute an investment recommendation.