Brief: Medcap Announces Recommended Cash Offer

MedCap AB (publ)

17/11/2022 07:19

Nov 17 (Reuters) - MedCap AB (publ)  MEDCAP.ST :
    * MEDCAP AB (PUBL) ANNOUNCES A RECOMMENDED CASH OFFER AT A
PRICE
OF SEK 3.60 PER SHARE TO THE SHAREHOLDERS OF ADDERACARE AB
(PUBL)
    * MEDCAP OFFERS SEK 3.60 IN CASH PER SHARE IN ADDERACARE,
WHICH
REPRESENT A TOTAL VALUE OF OFFER
    * OFFER REPRESENTS A PREMIUM OF APPROXIMATELY:* 18.0 PER
CENT
COMPARED TO CLOSING PRICE OF SEK 3.05 FOR ADDERACARE SHARE ON
NASDAQ FIRST NORTH GROWTH MARKET ON 16 NOVEMBER 2022
    * - MEDCAP OFFERS SEK 3.60 IN CASH PER SHARE IN ADDERACARE,
WHICH
REPRESENT A TOTAL VALUE OF OFFER, BASED ON ALL 33,716,835
OUTSTANDING SHARES IN ADDERACARE, OF APPROXIMATELY SEK 121
MILLION
    * BOARD OF DIRECTORS OF ADDERACARE HAS UNANIMOUSLY DECIDED
TO
RECOMMEND SHAREHOLDERS OF ADDERACARE TO ACCEPT OFFER
    * ACCEPTANCE PERIOD FOR OFFER IS EXPECTED TO BEGIN ON OR
ABOUT 2
DECEMBER 2022 AND EXPIRES ON OR ABOUT 23 DECEMBER 2022
    * MEDCAP DOES NOT EXPECT OFFER TO HAVE A SIGNIFICANT IMPACT
ON
LOCAL OPERATIONS OF ADDERACARE'S SUBSIDIARIES, INCLUDING
MANAGEMENT TEAMS AND EMPLOYEES AND THEIR EMPLOYMENT TERMS
    * LINC, WHOSE TOTAL OWNERSHIP AMOUNTS ABOUT 24.36% OF SHARES
AND
VOTES IN ADDERACARE, STATED THAT IT IS IN FAVOUR OF AND SUPPORTS
COMPLETION OF OFFER

Source text for Eikon:  ID:nWkrbQN0Zl 
Further company coverage:  MEDCAP.ST 
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