Nobina has applied for delisting of its shares from Nasdaq Stockholm
On 13 December 2021, Basalt[1], through Ride BidCo AB (“Ride BidCo”), announced a public offer to the shareholders of Nobina to transfer all their shares in Nobina to Ride BidCo at a price of SEK 108 in cash per share (the “Offer”). On 24 January 2022, Ride BidCo announced that shareholders representing a total of 92.8 per cent of all shares in Nobina (excluding the treasury shares held by Nobina) have accepted the Offer. In addition, Ride BidCo declared the Offer unconditional, meaning Ride BidCo will complete the acquisition of shares in Nobina tendered in the Offer. Ride BidCo has further extended the acceptance period to 8 February 2022 in order to provide remaining shareholders an opportunity to accept the Offer.
Ride BidCo has informed the board of directors of Nobina that Ride BidCo will initiate a compulsory buy-out of the shares in Nobina that are not tendered in the Offer and requested that the shares in Nobina are delisted from Nasdaq Stockholm.
Against this background, the board of directors of Nobina has applied for delisting of the shares in Nobina from Nasdaq Stockholm. Nobina will announce the last day of trading as soon as Nasdaq Stockholm has confirmed the date to Nobina.
Ride BidCo has also requested that the board of directors of Nobina convenes an extraordinary general meeting to, among other things, elect new board members of the company. A notice of the extraordinary general meeting will be published separately.
More information about the Offer is available at Ride BidCo’s website, www.offertoride.com.
[1] Basalt Infrastructure Partners III A L.P., Basalt Infrastructure Partners III B L.P., Basalt Infrastructure Partners III C L.P. and Basalt Infrastructure Partners III D L.P., each acting through its general partner and manager Basalt Infrastructure Partners III GP Limited (“Basalt”).
For further information, please contact:
Mattias Gelinder, Group Treasurer & Head of IR
mattias.gelinder@nobina.com +46 72 967 02 61
David Erixon, Head of Communications
david.erixon@nobina.se +46 72 967 02 84
About Nobina
This is Nobina. We are the Nordic region’s largest public transport operator, with 12,000 employees across four countries. Every day, all year round, one million people choose to travel more sustainably with us. From north to south, in urban and in rural areas. To the next bus stop, or all the way home. Together with our passengers and clients, we are big enough to make a real difference. From a welcoming greeting and a comfortable bus journey, to new smart technology that contributes to more fossil-free travel. A unique opportunity to bring about change.
The Group operates in Sweden, Norway, Denmark and Finland and reported sales of almost SEK 11 billion in 2020/2021. In the Swedish and Danish markets, Nobina also operates special needs transportation under the Samtrans, Göteborgs Buss, Telepass and Ørslev brands, respectively. Nobina is listed on Nasdaq Stockholm.
Together, we keep society moving every day.
More information is available on: www.nobina.com