Pak Logistik Intressenter AB holds more than 30 per cent of the shares and votes in Jetpak
This press release is not an offer to acquire shares. This press release is made in accordance with the Swedish Stock Market Self-Regulation Committee’s Takeover rules for certain trading platforms.
Pak Logistik Intressenter AB, reg. no. 559469-9505 (“Pak Logistik Intressenter”), a company that is wholly owned by Paradeigma Partners AB, reg. no. 559122-5668 (“Paradeigma”), has by way of exercising a right to repurchase previously sold shares[1] acquired 527,042 shares in Jetpak Top Holding AB (publ) (“Jetpak”). Through the acquisition, Pak Logistik Intressenter and Paradeigma has reached an aggregated shareholding in Jetpak of 4,182,344 shares, corresponding to a holding of approximately 34.32 percent of the total number of shares and votes in Jetpak.[2]
Through the acquisition, the mandatory bid threshold is passed, entailing that Pak Logistik Intressenter is required to launch a mandatory takeover offer for the remaining shares in Jetpak within four weeks from the acquisition, or to sell such number of shares that Pak Logistik Intressenter’s (together with Paradeigma’s) shareholding represents less than three tenths of the voting rights for all shares in Jetpak. No later than on 27 June 2024, Pak Logistik Intressenter intends to either announce that Pak Logistik Intressenter (together with Paradeigma) no longer holds 30 per cent or more of the votes in Jetpak or launch a mandatory takeover offer for the remaining shares in Jetpak through a separate press release. The total consideration for the shares repurchased amounts to SEK 84.70 per share[3] and the VWAP for the 20 trading days immediately preceding this announcement amounts to SEK 93.32.
For additional information, please contact:
Joel Gedin, Fogel & Partners, joel.gedin@fogelpartners.se, tel. no. +46 707 50 08 50
This press release was submitted for publication on 30 May 2024 at 13.30 CEST.
Important information
This press release is not an offer to acquire shares. Anyone passing the mandatory bid threshold of 30 per cent of the votes in a company with shares admitted to trading on a multilateral trading facility must, according to Rule III.1 of the Swedish Stock Market Self-Regulation Committee’s Takeover rules for certain trading platforms, disclose the passing of the mandatory bid threshold. This press release constitutes such a disclosure.
[1] Please refer to Paradigm Capital Value Fund (Sicav)’s press release from 26 January 2024 for further information.
[2] Based on a total of 12,187,675 shares issued by Jetpak.
[3] Which corresponds to the highest price Pak Logistik Intressenter and its closely related parties have paid for shares in Jetpak during the six-month period immediately preceding the date of this press release.