Brief: François-Charles Oberthur Makes Cash Offer To Rolling Optics Holders

Rolling Optics Holding AB

16/01/2023 08:43

Jan 16(Reuters) - François-Charles Oberthur SAS:
    * FRANÇOIS-CHARLES OBERTHUR SAS MAKES CASH OFFER TO HOLDERS
OF
ORDINARY SHARES, PREFERENCE SHARES AND WARRANTS OF SERIES TO2 IN
ROLLING OPTICS HOLDING
    * THE OFFER IS FOR A TRANSFER OF ALL SHARES AT PRICE OF SEK
0.75
PER SHARE, ALL THEIR PREFERENCE SHARES AT PRICE OF SEK 2.97 PER
PREFERENCE SHARE, AND ALL THEIR WARRANTS AT A PRICE OF SEK 0.225
PER WARRANT
    * OFFER CONSIDERATION REPRESENTS PREMIUM OF ABOUT 188%
COMPARED TO
CLOSING PRICE OF SEK 0.260 FOR ROLLING OPTICS SHARES ON JAN 13
2023
    * TOTAL VALUE OF OFFER IS ABOUT SEK 189 MILLION
    * ACCEPTANCE PERIOD OF OFFER IS EXPECTED TO COMMENCE ON OR
ABOUT
JAN 17 2023 AND END ON OR ABOUT FEB 7 2023
    * OFFEROR BELIEVES THAT DEVELOPMENT OF ROLLING OPTICS'
TECHNOLOGY
WILL REQUIRE ADDITIONAL FINANCIAL RESOURCES
    * OFFER WOULD ALLOW FRANÇOIS-CHARLES OBERTHUR TO SECURE
FINANCIAL
RESOURCES NEEDED TO ACHIEVE ROLLING OPTICS' LONG-TERM VISION

        
 Source text for Eikon: [https://cisn.co/3WfMAAf]
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