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Change to the date of Musti Group Plc’s Extraordinary General Meeting set forth in the tender offer document published by Flybird Holding Oy

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Change to the date of Musti Group Plc’s Extraordinary General Meeting set forth in the tender offer document published by Flybird Holding Oy

Musti Group Plc                  Stock Exchange Release    27 February 2024 at 7:30 p.m. EET

As announced on 20 February 2024, Flybird Holding Oy (the “Offeror”), a company owned by a consortium comprising Sonae Holdings, S.A. (a subsidiary wholly-owned and controlled by Sonae – SGPS, S.A.), Jeffrey David, Johan Dettel and David Rönnberg, has decided to complete its recommended voluntary public tender offer to acquire all of the issued and outstanding shares in Musti Group Plc (the “Company” or “Musti”) that are not held by Musti or any of its subsidiaries (the “Shares” or, individually, a “Share”) (the “Tender Offer”), and to commence a subsequent offer period for the Shares in accordance with the terms and conditions of the Tender Offer (the “Subsequent Offer Period”). The Subsequent Offer Period has commenced on 21 February 2024 at 9:30 (Finnish time) and will expire on 6 March 2024 at 16:00 (Finnish time).

Pursuant to the tender offer document published by the Offeror, dated 15 December 2023 (as supplemented from time to time), the Offeror and Musti have agreed that after the Offeror has publicly confirmed that it will complete the Tender Offer, the Board of Directors of the Company shall, within five (5) business days of the date when the Offeror has announced the final result of the Tender Offer, resolve to convene an extraordinary general meeting of shareholders for the purpose of electing new members to the Board of Directors and to decide on their remuneration (the “Extraordinary General Meeting”). The Offeror and Musti have today agreed that the Board of Directors of Musti shall resolve to convene the Extraordinary General Meeting at the written request of the Offeror and only after the Subsequent Offer Period has expired. The five (5) business days within which the Board of Directors of the Company shall resolve to convene the Extraordinary General Meeting shall be calculated from the receipt of such written request. The Board of Directors of the Company may also, at its discretion, resolve to convene the Extraordinary General Meeting, if a written request has not been received from the Offeror within five (5) business days of the date of announcement of the final percentage of the Shares validly tendered during the Subsequent Offer Period, which is expected to be on or about 11 March 2024.

THE BOARD OF DIRECTORS

Distribution:
Nasdaq Helsinki
Principal media

www.mustigroup.com

Investor and Media enquiries:

Toni Rannikko
CFO
tel. +358 40 078 8812

Martin Svedholm
Director, Treasury and Investor Relations
tel. +358 50 579 0324, communications@mustigroup.com

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