Internationella Engelska Skolan i Sverige Holdings II AB (publ) applies for delisting

On 10 November 2020, Peutinger AB (“Peutinger”) announced that Peutinger’s public offer to the shareholders of Internationella Engelska Skolan i Sverige Holdings II AB (publ) (”IES”) to tender all their shares in IES to Peutinger (the “Offer”) as announced on 25 September 2020, has been accepted to such an extent that Peutinger holds more than 90 per cent of the shares in IES. Peutinger announced that it intends to request the initiation of compulsory redemption proceedings in respect of the remaining shares in IES. Furthermore, Peutinger also communicated that the acceptance period was extended up to and including 25 November 2020, 15:00 CET, to allow remaining shareholders in IES to accept the Offer.

At the request of Peutinger, the board of directors of IES has resolved to apply for delisting of IES’s shares from Nasdaq Stockholm. The last day of trading in IES’s shares on Nasdaq Stockholm will be announced as soon as IES has received confirmation of such date from Nasdaq Stockholm.

For more information, please contact:

Emma Rheborg, Head of Communication & IR
Tel: +46 768 511 540
e-mail: emma.rheborg@engelska.se 

The information was submitted for publication, through the agency of the above contact on  the 13 November 2020 at 17:30  CET.

About Internationella Engelska Skolan

Internationella Engelska Skolan, IES, is one of the leading free school operators in Sweden with some 28,000 students at 39 schools, and about 4,600 students at its schools in Spain.

IES Sweden operates schools for students in grades F-12. Its main focus is grades 4-9, what is often called "middle school." Within the compulsory school system in Sweden, IES is the leading independent operator, with 17 of the 20 largest free schools. IES's results on the national tests in grade 9 are far above average in Sweden.

Internationella Engelska Skolan was founded in 1993 and is in its 28th year of operation. Throughout this period, its schools have been defined by the three core convictions of its founder, Mrs. Barbara Bergström:

• A safe and orderly environment, where teachers can teach and students learn.
• To command the English language − the key to the world.
• High academic expectations and aspirations.

Up to half of the education in IES schools in Sweden is in English, by native English speaking teachers. Over 900 teachers with qualified foreign teaching degrees are currently teaching in IES schools. They are mainly recruited from Canada, the USA, the UK and South Africa.

IES's student base is in growing strongly. Over the past ten years, total operating income has increased by an average of 16% per year. In the most recent financial year 2019/20, which concluded on 30 June 2020, total operating income was MSEK 3,082, an increase of some 11% year on year. As of 30 June 2020, there were approximately 204,900 applications in the waiting list to secure a place in the Swedish schools for the current and forthcoming years.

Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap, with the ticker ENG, since 2016.