Brief: Rolling Optics BOD Recommends Co's Shareholders To Accept Offer From FCO

Rolling Optics Holding AB

23/01/2023 08:30

Jan 23 (Reuters) - Rolling Optics Holding AB  ROLLI.ST :
    * STATEMENT FROM BOARD OF DIRECTORS OF ROLLING OPTICS IN
RESPONSE
TO PUBLIC OFFER FROM FRANÇOIS-CHARLES OBERTHURS
    * RECOMMENDS SHAREHOLDERS OF ROLLING OPTICS TO ACCEPT PUBLIC
OFFER
FROM FRANÇOIS-CHARLES OBERTHUR SAS'S
    * TOTAL VALUE OF REVISED OFFER AMOUNTS TO APPROXIMATELY SEK
237
MILLION
    * FCO ENTERED INTO AGREEMENTS WITH SHAREHOLDERS OF CO
REGARDING
ACQUISITION OF ABOUT 18.2% OF NUMBER OF OUTSTANDING SHARES FOR
SEK 1.0 PER SHARE
    * BY REVISED OFFER, FCO OFFERS 1. SEK 1,0 FOR EACH SHARE
    * INCREASED OFFER PRICE REPRESENTS PREMIUM OF ABOUT 285%
COMPARED
TO CLOSING PRICE OF SEK 0.260 FOR ROLLING OPTICS' SHARE
    * INCREASED OFFER PRICE REPRESENTS PREMIUM OF ABOUT  SEK
2.97 FOR
EACH PREFERENCE SHARE
    * INCREASED OFFER PRICE REPRESENTS PREMIUM OF ABOUT SEK 0.30
FOR
EACH WARRANT
    * REVISED OFFER IS FULLY FINANCED BY FUNDS AVAILABLE TO FCO
AND IS
THUS NOT SUBJECT TO ANY FINANCING CONDITION
    * BOD ALSO CONSIDERED THAT SHAREHOLDER OF CO WITH TOTAL OF
ABOUT
18.2% OF SHARES ENTERED INTO AGREEMENTS WITH FCO TO DIVEST THEIR
SHARES TO PRICE THAT CORRESPONDS TO INCREASED OFFER PRICE
    * BOD CONSIDERED IT TO BE IN SHAREHOLDERS' INTEREST TO SOUND
OUT
INTEREST OF OTHER POTENTIAL BIDDERS
    * BOD HAS ACCORDINGLY BEEN IN CONTACT WITH RELEVANT
POTENTIAL
STAKEHOLDERS IN ORDER TO INVESTIGATE WHETHER ANY PARTY IS
WILLING TO SUBMIT HIGHER OFFER
    * THESE CONTACTS HAVE NOT RESULTED IN ANY HIGHER COMPETING
OFFER

Source text for Eikon:  ID:nWkr37LVWb 
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