Symrise has purchased an additional 897,693 shares in Swedencare at up to SEK 47.295 – will compensate those who accepted the mandatory public offer

Press release
18 August 2023

On 5 June 2023, Symrise AG (“Symrise”) announced a mandatory public offer to the shareholders of Swedencare AB (publ) (“Swedencare”) at SEK 37.50 per share (the “Offer”). The acceptance period for the Offer commenced on 21 June 2023 and expired on 26 July 2023. As announced on 28 July 2023, the Offer was accepted by shareholders with a total of 270,521 shares in Swedencare, corresponding to a total of 0.17 percent of the share capital and votes in Swedencare.

On 3 August 2023, it was announced that Symrise had acquired additional shares in Swedencare at a highest price of SEK 47.00 and that shareholders who accepted the Offer were entitled to a compensatory consideration of SEK 9.50 per share.

On 18 August 2023, Symrise has acquired an additional 897,693 shares in Swedencare through market purchases. The highest price paid for the Swedencare shares acquired outside the Offer amounts to SEK 47.295 per share. Shareholders who accepted the Offer will therefore receive an additional compensatory consideration of SEK 0.295 per share, i.e. the difference between SEK 47.295 and the preceding highest price paid of SEK 47.00 per share.

Compensation is expected to be paid out on or around 25 August 2023.

As of the date of this press release, Symrise owns 49,797,641 shares, corresponding to 31.37 percent of the share capital and votes of Swedencare.

For further information, please contact:

International Media:
Bernhard Kott
Tel.: +49 (0)5531 90-1721
E-Mail: bernhard.kott@symrise.com

Swedish Media:
Adam Hedengren-Deria, Kekst CNC
Tel.: +46 (0)76 135 30 76
E-Mail: adam.hedengren-deria@kekstcnc.com

Investors:
Tobias Erfurth
Tel.: +49 (0)5531 90-1879
E-Mail: tobias.erfurth@symrise.com

The information was submitted for publication, through the agency of the contact person set out above on 18 August 2023, at 18:45 CEST.