Brief: NBX Receives Takeover Offer From Spenn Technology

Norwegian Block Exchange AS

22/05/2023 08:03

May 22 (Reuters) - Norwegian Block Exchange AS  NBX.OL :
    * RECEIVES NON-BINDING INDICATIVE OFFER FROM SPENN
TECHNOLOGY AS
    * OFFER WILL BE SETTLED WITH SPENN SHARES, WITH A RATIO OF
13 NBX
SHARES TO 1 SHARE IN SPENN
    * PROPOSED OFFER IS CONDITIONAL ON ACCEPTANCE FROM 66.7% UP
TO 90%
OF NBX SHAREHOLDERS FULLY DILUTED
    * BIDDER MAY CONSIDER PURCHASING 100% OF SHARES, SUBJECT TO
ACCEPTANCE OF POTENTIAL OFFER CONDITIONS BY ALL SHAREHOLDERS OF
COMPANY
    * THERE IS NO CERTAINTY AT THIS STAGE THAT ANY OFFER WILL BE
MADE
OR THAT BOARD OF DIRECTORS WILL RECOMMEND AN OFFER

Source text for Eikon:  ID:nObiy02Z4a 
Further company coverage:  NBX.OL 

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