Brief: Biokraft Bod Recommends Short-Term Investment Shareholders To Accept Offer

Biokraft International AB

26/02/2024 16:13

Feb 26 (Reuters) - Biokraft International AB
 BIOGAS.ST :
    * STATEMENT BY BOARD OF DIRECTORS OF BIOKRAFT IN RELATION TO
1VISION BIOGAS' MANDATORY TENDER OFFER
    * RIGHTS ISSUE, OPERATIONAL PRODUCTION TARGETS WILL REQUIRE
SIGNIFICANT INVESTMENTS FROM SHAREHOLDER TO DEFEND THEIR
OWNERSHIP SHARE OR A SIGNIFICANT DILUTION OF THEIR HOLDING
    * BOD RECOMMENDS SHORT-TERM INVESTMENT SHAREHOLDERS AND/OR
LOWER
RISK TOLERANCE TO INVEST ADDITIONAL CAPITAL TO ACCEPT OFFER
    * BOD CONSIDERS TERMS OF OFFER DO NOT REFLECT LONG-TERM
FUNDAMENTAL VALUE OF COMPANY
    * SHAREHOLDERS WITH LONG-TERM INVESTMENT HORIZON SHOULD
EVALUATE
THE SITUATION CAREFULLY AND CONSIDER RETAINING THEIR OWNERSHIP
    * THERE IS A POSSIBILITY THAT 1VISION BIOGAS ACHIEVES AN
OWNERSHIP
STAKE CORRESPONDING TO MORE THAN 90% OF SHARES IN BIOKRAFT
    * THIS WOULD ENTAIL AN OPPORTUNITY FOR 1VISION BIOGAS TO
REQUEST
THAT REMAINING SHARES IN BIOKRAFT BE COMPULSORILY REDEEMED

Source text for Eikon:  ID:nWkr9yS1dy 
Further company coverage:  BIOGAS.ST 

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