Brief: Kyoto Group Gets Investment, Tender Offer

Kyoto AS

14/06/2024 06:17

June 14 (Reuters) - Kyoto Group AS  KYOTO.OL :
    * LEADING GLOBAL ENERGY TRANSITION INFRASTRUCTURE FUND TO
INVEST
NOK 286.7 MILLION IN KYOTO AND MAKE RECOMMENDED TENDER OFFER AT
SUBSTANTIAL PREMIUM.
    * SUBSCRIPTION PRICE IN INVESTMENT OFFER NOK 17.00 PER SHARE
    * SUBSCRIPTION PRICE IN INVESTMENT OFFER REPRESENTS PREMIUM
OF
37.7% VERSUS CLOSING PRICE OF CO'S SHARE OF NOK 12.35 ON JUNE 13
    * HAS ENTERED INTO TRANSACTION AGREEMENT WITH GF I KILN
HOLDCO AS
    * SHAREHOLDERS REPRESENTING A TOTAL OF 73.5% OF SHARES IN
KYOTO
SUPPORT TRANSACTION
    * SUBSEQUENT VOLUNTARY ALL-CASH OFFER TO ALL SHAREHOLDERS
FOR
OUTSTANDING SHARES AT A PREMIUM OF 94.3% TO CLOSING PRICE ON 13
JUNE 2024
    * BOARD OF KYOTO UNANIMOUSLY SUPPORTS COMBINATION OF SHARE
ISSUE
AND OFFER
    * GLENTRA HAS ALSO EXPRESSED AN INTENTION TO PROVIDE FURTHER
FUNDING FOR KYOTO IN LONG TERM
    * OFFER PRICE IN CASH-OFFER IS NOK 24.00 PER SHARE
    * CASH OFFER PRICE REPRESENTS PREMIUM OF* 94.3% TO CLOSING
PRICE
OF NOK 12.35 ON 13 JUNE 2024

Source text for Eikon:  ID:nWkr5bFZDs 
Further company coverage:  KYOTO.OL 

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