AUTRONICA FIRE AND SAFETY AS ANNOUNCES INTENTION TO MAKE VOLUNTARY OFFER FOR ALL ISSUED SHARES OF SIMTRONICS ASA
Simtronics ASA (“Simtronics” or the “Company”) announced today that Autronica Fire and Safety AS (“Autronica”) has notified the Company of its non-binding intention to make a voluntary cash offer for all issued shares of Simtronics not already held by Autronica (the “Offer”). The Offer is supported by the Board of Directors and management of Simtronics. The Offer, if made, will be at an offer price of NOK 2.05 per share to be settled in cash. Any formal Offer is conditional and is not expected until mid August to accommodate the completion of legal conditions, approval from Oslo Børs