The Hargreaves Family No. 14 Settlement announces final outcome of the mandatory cash offer to the shareholders in GomSpace Group AB
The Hargreaves Family No. 14 Settlement announces final outcome of the mandatory cash offer to the shareholders in GomSpace Group AB
This press release may not be distributed, directly or indirectly, to or within the United States of America, Australia, Japan, Canada, New Zealand or South Africa. Nor may this press release be distributed in any country where additional documentation, registration or other measures are required beyond what follows from Swedish law.
On 29 August 2025, The Hargreaves Family No. 14 Settlement (“Hargreaves14”) announced a mandatory cash offer to the shareholders of GomSpace Group AB (“GomSpace” or the “Company”) to acquire all outstanding shares in GomSpace at a price of SEK 6.86 per share (the “Mandatory Offer”). The Mandatory Offer has been made in accordance with the Takeover Rules for certain trading platforms adopted by the Swedish Stock Market Self-Regulation Committee and issued on 1 July 2025 (the ”Takeover Rules”). The acceptance period for the Offer commenced on 2 September 2025 and expired on 23 September 2025. Hargreaves14 has decided not to extend the acceptance period.
At the time the Offer was made, Hargreaves14 held a total of 69,606,536 shares in GomSpace, corresponding to approximately 41.27 percent of the total number of shares and votes in the Company.
Up to and including 23 September 2025, 182,436 shares have been tendered in the Mandatory Offer, corresponding to approximately 0.11 percent of the total number of shares and votes in the Company. Consequently, Hargreaves14 now holds a total of 69,788,972 shares in GomSpace, corresponding to approximately 41.38 percent of the total number of shares and votes in the Company.
The payment of consideration to the shareholders who have accepted the Mandatory Offer is expected to commence on 30 September 2025.
Hargreaves14 has not acquired any shares outside the Mandatory Offer. On 22 September 2025, Hargreaves14 announced that all requisite approvals from the competent foreign direct investment authorities had been obtained and that, consequently, the condition precedent to the Mandatory Offer had been satisfied. The acceptance period has not been extended, and the Mandatory Offer is therefore concluded. Neither Hargrveaves14, nor any of its affiliated parties have acquired or undertaken to acquire shares or any other financial instruments in GomSpace that provide financial exposure comparable to holding shares in GomSpace outside the Mandatory Offer.
Information about the Mandatory Offer is available at www.hargreaves14.co.uk.
For more information, please contact:
Kenn Herskind
Phone number: +44 7523 802138
Email: info@hargreaves14.co.uk
Hargreaves14 is publishing this information in accordance with the Takeover Rules. The information was submitted for publication on 24 September 2025 at 09:20 (CEST).
About the Hargreaves Family No. 14 Settlement
Hargreaves14 is a family settlement. It is a discretionary trust that undertakes investments, mainly in UK, EU, and USA. Hargreaves14 has several innovative investments and has expertise in finance technology and space technology. For more information, visit www.hargreaves14.co.uk.
Important information
The Mandatory Offer is not being made to persons whose participation in the offer requires that an additional offer document be prepared or registration effected or that any other action be taken in addition to what is required under Swedish law.
This press release and any other documentation relating to the offer will not be distributed and may not be mailed or otherwise distributed or sent into any country where to do so would require any such additional measures to be taken or would be contrary to the laws or regulations of that country. Hargreaves14 will not authorise or approve any such distribution.