Brief: Flerie And Toleranzia Agree On Merger Plan To Take Toleranzia Private

Toleranzia AB

25/03/2025 09:34

March 25 (Reuters) - Flerie AB FLERIE.ST:

FLERIE AND TOLERANZIA HAVE AGREED ON A MERGER PLAN TO TAKE TOLERANZIA PRIVATE

FOLLOWING COMPLETION OF MERGER, TOLERANZIA'S OPERATIONS WILL BE ASSIGNED TO A NEW SUBSIDIARY OF FLERIE'S WHOLLY OWNED SUBSIDIARY, FLERIE INVEST AB

MERGER CONSIDERATION FOR TOLERANZIA'S SHAREHOLDER VALUES TOLERANZIA AT APPROXIMATELY SEK 136 MILLION

PREMIUM OF ABOUT 50% PER SHARE COMPARED TO TOLERANZIA'S AVERAGE VOLUME-WEIGHTED PRICE  OVER LAST TEN TRADING DAYS.

MERGER IS EXPECTED TO CREATE VALUE FOR SHAREHOLDERS OF NEW FLERIE THROUGH SAVED COSTS ATTRIBUTABLE TO TOLERANZIA'S DELISTING FROM FIRST NORTH GROWTH MARKET

MERGER IS EXPECTED TO HAVE A VERY LIMITED IMPACT ON FLERIE'S PERFORMANCE AND FINANCIAL POSITION, BOTH IN SHORT TERM AND OVER A LONGER PERIOD

TOLERANZIA'S OPERATIONS WILL BE ASSIGNED TO NEW TOLERANZIA,  NEW UNIT TO FLERIE'S WHOLLY OWNED SUBSIDIARY, FLERIE INVEST

CURRENTLY NO DECISIONS ON SIGNIFICANT CHANGES TO FLERIE'S NOR TOLERANZIA'S EMPLOYEES OR TO THEIR CURRENT ORGANISATION AND OPERATIONS

COMPLETION IS NOT DEPENDENT ON ANY FINANCING AS MERGER CONSIDERATION EXCLUSIVELY CONSIST OF NEW ORDINARY SHARES IN FLERIE

Source text: ID:nMFNc6QnLQ

Further company coverage: FLERIE.ST

 (Gdansk Newsroom)

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