Brief: Toleranzia BoD Recommends Shareholders Not To Accept Mandatory Bid By Flerie Invest

Toleranzia AB

29/11/2022 07:24

No 29 (Reuters) - Toleranzia AB (publ)  TOLE.ST : 
    * SAID ON MONDAY BOARD OF DIRECTORS OF TOLERANZIA RECOMMENDS
THAT
THE SHAREHOLDERS DO NOT ACCEPT THE MANDATORY BID OF SEK 1.02 PER
SHARE IN TOLERANZIA SUBMITTED BY FLERIE INVEST ON 14 NOVEMBER 
    * BOARD'S ASSESSMENT IS THAT TOLERANZIA HAS A STRONG
POSITION AND
THAT THE LONG-TERM POTENTIAL OF TOLERANZIA IS NOT TAKEN INTO
ACCOUNT IN THE BID
    * BOARD HAS NOTED THAT FLERIE INVEST DOES NOT HAVE THE
AMBITION TO
ACQUIRE ALL OUTSTANDING SHARES IN TOLERANZIA AND THAT THE
MANDATORY BID WAS PROMPTED BY LEGAL REQUIREMENTS

        
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