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ORTI A Ortivus AB News Story

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Brief: Ortivus: Independent Bid Committee Unanimously Recommends To Not Accept Mandatory Cash Offer

Dec 18 (Reuters) - Ortivus AB ORTIb.ST:

THE INDEPENDENT BID COMMITTEE OF ORTIVUS UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS DO NOT ACCEPT THE MANDATORY CASH OFFER SUBMITTED BY PONDERUS INVEST AB

OFFER VALUES ORTIVUS SHARES AT SEK 108.1 MILLION

OFFER PRICE REPRESENTS 18% PREMIUM OVER ORTIVUS B SHARE AVERAGE

VALUATION STATEMENT: OFFER NOT FAIR FOR ORTIVUS SHAREHOLDERS

BID COMMITTEE CONCLUDES THAT TERMS OF OFFER DO NOT REFLECT ORTIVUS' LONG-TERM GROWTH POTENTIAL

Source text: ID:nMFN8BNb1q

Further company coverage: [ORTIb.ST]

 (Gdansk Newsroom)

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

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