Brief: Lumi Board Unanimously Recommends Cash Offer From Hanover To Acquire All Outstanding Shares In Company

Lumi Education AS

24/04/2023 07:04

April 24 (Reuters) - Lumi Gruppen AS  LUMI.OL :
    * LUMI GRUPPEN AS: THE BOARD UNANIMOUSLY RECOMMENDS A CASH
OFFER
FROM HANOVER TO ACQUIRE ALL OUTSTANDING SHARES IN LUMI GRUPPEN
AS
    * OFFEROR AIMS TO DELIST LUMI FROM EURONEXT GROWTH UPON
COMPLETION
OF OFFER
    * OFFER PRICE IMPLIES A MARKET CAPITALISATION OF COMPANY OF
APPROXIMATELY NOK 806 MILLION, BASED ON 52,860,481 SHARES
OUTSTANDING AS PER 24 APRIL 2023
    * OFFER PRICE REPRESENTS A PREMIUM OF 45.2% TO SUBSCRIPTION
PRICE
IN PRIVATE PLACEMENT PLACED BY COMPANY ON 7 MARCH 2023 AND IN
SUBSEQUENT OFFERING OF NOK 10.50 PER SHARE
    * OFFER PRICE REPRESENTS A PREMIUM OF 44.8%* TO VOLUME
WEIGHTED
AVERAGE SHARE PRICE DURING 30 DAYS' PERIOD ENDING ON 21 APRIL
2023 OF NOK 10.5

Source text for Eikon:  ID:nObilgWsda 
Further company coverage:  LUMI.OL 

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