Brief: Qben Infra Makes Voluntary Share Exchange Offer To Inin's Shareholders

Inin AS

08/04/2024 10:39

April 8 (Reuters) - Inin Group AS  ININ.OL :
    * QBEN INFRA INVITES ININ GROUP TO JOIN FORCES THROUGH
MAKING A
VOLUNTARY SHARE EXCHANGE OFFER TO ININ GROUP'S SHAREHOLDERS
    * QBEN INFRA WILL MAKE A VOLUNTARY SHARE EXCHANGE OFFER TO
ACQUIRE
ALL OUTSTANDING SHARES IN ININ
    * AFTER COMPLETION OF OFFER AND ASSUMING 100% ACCEPTANCE
RATE,
ININ GROUP SHARE HOLDERS WILL OWN 48.7% OF QBEN INFRA
    * CONSIDERATION TO CO'S SHAREHOLDERS IN FORM OF 0.2365482
NEWLY
ISSUED SHARES IN QBEN INFRA PER SHARE IN ININ
    * BOARD OF DIRECTORS IN QBEN INFRA HAS ALSO RESOLVED TO
COMMENCE
WITH AN INITIAL PUBLIC OFFERING PROCESS AND LISTING OF QBEN
INFRA ON NASDAQ STOCKHOLM OR NASDAQ FIRST NORTH PREMIER GROWTH
MARKET
    * QBEN INFRA WILL FORM PARENT COMPANY FOR COMBINED ENTITY
THAT
WILL BE A SWEDISH LISTED INFRASTRUCTURE COMPOUNDER
    * FOLLOWING COMPLETION OF OFFER AND SUBJECT TO A 2/3
MAJORITY VOTE
AT ININ GROUP'S GENERAL MEETING, QBEN INFRA WILL SEEK TO APPLY
FOR A DE-LISTING OF ININ GROUP AT EURONEXT GROWTH

Source text for Eikon:  ID:nObiKcBNGa 
Further company coverage:  ININ.OL 

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