Ograi BidCo AB controls more than 90% of the shares in Opus Group AB (publ) and requests delisting and initiates compulsory redemption of the remaining shares
Ograi BidCo AB (”Ograi”) has informed Opus Group AB (publ) (”Opus” or the ”Company”) that Ograi has entered into an agreement regarding acquisition of shares which results in control of more than 90 per cent of the shares in Opus. The acquisition, entailing that Ograi exceeds the 90 per cent threshold, was made at a price of SEK 10.70 per share according to information from Ograi.
Ograi has on this basis initiated compulsory redemption regarding the remaining shares in the Company, requested Opus to apply for delisting from Nasdaq Stockholm and requested an extraordinary general meeting to change the composition of the board of directors.
The last day of trading in the Company’s shares on Nasdaq Stockholm will be announced as soon as the Company has received confirmation from Nasdaq Stockholm.
As requested by Ograi, the board of directors of Opus will convene an extraordinary general meeting to be held, for the purposes of, amongst other things, changes in the board composition.
Gothenburg, October 5, 2020
Opus Group AB (publ)
This is information that Opus Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out herein, at 17:30 CEST on October 5, 2020.
For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opus.se
Linus Brandt, CFO & Executive Vice President
Phone: +46 722 44 09 05
E-mail: linus.brandt@opus.se
About Opus
Opus is a technology-driven growth company in the vehicle inspection and intelligent vehicle support markets. The company has a strong focus on innovative technologies and customer service within vehicle emission and safety testing and within vehicle programming, scanning and diagnostics. Opus reached SEK 2.7 billion in revenues in 2019 with solid operating profit and cash flow. The majority of the company’s future growth is projected to come from the expansion of our vehicle inspection business, including the continued expansion of Equipment as a Service, and from the expansion of our intelligent vehicle support business. With approximately 2,600 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 36 regional offices, 26 of which are in the United States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan, United Kingdom, Spain and Australia. Opus has production facilities in the U.S. in Hartford, CT, Ann Arbor, MI and Tucson, AZ. Opus’ shares are listed on Nasdaq OMX, Stockholm.