Brief: Enedo: Inission Publishes Mandatory Offer

Inission AB

01/08/2022 13:26

Aug 1 (Reuters) - Enedo Oyj  ENEDO.HE :
    * INISSION AB PUBLISHES MANDATORY PUBLIC TENDER OFFER FOR
ALL
SHARES IN ENEDO PLC
    * INISSION HAS TODAY NOTIFIED THAT RELATED TO INCREASED
OWNERSHIP
IT HAS PUBLISHED MANDATORY PUBLIC TENDER OFFER FOR ALL SHARES IN
ENEDO PLC
    * CASH CONSIDERATION TO BE OFFERED IN MANDATORY PUBLIC
TENDER
OFFER FOR EACH ENEDO SHARE VALIDLY TENDERED IN ACCORDANCE WITH
TERMS AND CONDITIONS OF OFFER WILL BE EUR 0.26
    * ALTERNATIVELY, INISSION WILL ALSO OFFER A SHARE
CONSIDERATION
WHEREBY 0.086 NEW INISSION CLASS B SHARES LISTED ON NASDAQ FIRST
NORTH GROWTH MARKET STOCKHOLM ARE OFFERED FOR EACH ENEDO SHARE
    * OFFER PRICE CORRESPONDS TO PRICE AGREED WITH SELLING
SHAREHOLDERS WHEN INISSION ACQUIRED APPROXIMATELY 31 PER CENT OF
ALL SHARES IN ENEDO FROM SELLING SHAREHOLDERS ON 1 JULY 2022 IN
EXCHANGE FOR NEW INISSION CLASS B SHARES
    * OFFER PERIOD IS EXPECTED TO COMMENCE ON OR ABOUT 8
SEPTEMBER
2022 AND EXPIRE ON OR ABOUT 29 SEPTEMBER 2022
    * IF INISSION OBTAINS MORE THAN 90 PER CENT OF ALL SHARES
AND
RELATED VOTING RIGHTS IN ENEDO AS A RESULT OF OFFER, INISSION
WILL INITIATE MANDATORY REDEMPTION PROCEEDINGS FOR REMAINING
SHARES
    * TENDER OFFER DOCUMENT IS EXPECTED TO BE PUBLISHED ON OR
ABOUT 8
SEPTEMBER 2022 INCLUDING DETAILED INSTRUCTIONS, TERMS,
CONDITIONS OF OFFER
    * BASED ON INISSION'S UNDERSTANDING, COMPLETION OF OFFER
DOES NOT
REQUIRE APPROVAL FROM COMPETITION AUTHORITIES

Source text for Eikon:  ID:nGNE2jlhQW 
Further company coverage:  ENEDO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))