Information from Pagero in relation to the public offer from Avalara, Inc. to the shareholders in Pagero

Avalara, Inc., acting through Loki BidCo AB, (“Avalara”) has today announced a public takeover offer for all shares in Pagero Group AB (the “Offer”). Avalara is offering SEK 45 in cash per share in Pagero, which exceeds the price in the public offer announced by Thomson Reuters Corporation on 11 January 2024 by SEK 5 in cash per share.

This is the third public offer for Pagero that has been announced since 13 December 2023, which the independent bid committee within Pagero’s Board of Directors considers clear evidence of the company’s strong position and successful strategy.

The independent bid committee will evaluate the Offer and announce its opinion on the Offer in accordance with applicable regulations and in time to provide the shareholders with guidance in relation to the outstanding offers for Pagero.

The independent bid committee has retained Lazard as financial adviser and Cederquist as legal adviser.
 

For more information, please contact:

Fredrik vom Hofe, Deputy chairman of the board of directors and chairman of the bid committee

Oscar Wegland, Chief Marketing Officer, +46733620060, oscar.wegland@pagero.com
 

About Pagero

Pagero provides a Smart Business Network that connects buyers and sellers for automated, compliant, and secure exchange of orders, invoices, payment instructions and other business documents. With an open network and a wide range of value-added apps, Pagero helps businesses streamline their order-to-cash and purchase-to-pay processes while unlocking the full potential of accurate and reliable business data. All of this, regardless of location, industry, size or systems.

Pagero's share is traded on Nasdaq First North Growth Market under ticker PAGERO and ISIN SE0016830517.

Carnegie Investment Bank AB (publ) is Certified Adviser.

Find out more on www.pagero.com.