Brief: Etteplan Not To Raise Offer For Semcon; To Records One-Time Costs Related To Deal In Q3

Ratos AB

27/09/2022 07:58

Sept 27 (Reuters) - Etteplan Oyj  ETTE.HE :
    * RELEASED ON MONDAY STATEMENT IN RELATION TO COUNTER OFFER
FOR
SEMCON MADE BY RATOS
    * SAID ON MONDAY EXPECTS THAT IT WILL NOT REACH AT LEAST 90%
OWNERSHIP OF SEMCON'S SHARES, A CONDITION FOR ITS OFFER
    * BELIEVES ETTEPLAN'S OFFER WILL NOT BE FULFILLED BY THE END
OF
THE OFFER PERIOD ON OCT. 6, 2022
    * AS EARLIER ANNOUNCED WILL NOT RAISE ITS OFFER
    * RECORDS ONE-TIME COSTS RELATED TO PREPARATION OF
TRANSACTION IN
Q3 BUT KEEPS GUIDANCE UNCHANGED
    * CURRENCY HEDGING RISK RELATED TO THE PREPARATION OF THE
TRANSACTION WILL HAVE A SIGNIFICANT NEGATIVE IMPACT ON FINANCING
ITEMS AND THUS ON EARNINGS PER SHARE IN THE THIRD QUARTER
    * FINAL EFFECT OF THE CURRENCY HEDGE IS RECORDED IN THE
COMPANY'S
FOURTH QUARTER RESULT

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr179Sxc
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