Brief: Vertiseit Announces Public Offer To Shareholders Of MultiQ International

Vertiseit AB (publ)

10/01/2022 07:08

Jan 10 (Reuters) - Vertiseit AB (publ)  VERTb.ST :
    * VERTISEIT AB ANNOUNCES A PUBLIC OFFER TO THE SHAREHOLDERS
OF
MULTIQ INTERNATIONAL AB
    * OFFERS THREE MUTUALLY EXCLUSIVE ALTERNATIVES AS
CONSIDERATION
    * 1) "MIXED CONSIDERATION" SEK 12,500 IN CASH AND 100 CLASS
B
SHARES IN VERTISEIT FOR EACH FULL BLOCK OF 10,000 SHARES IN
MULTIQ; OR
    * OR 2) "SHARE CONSIDERATION" 413 CLASS B SHARES IN
VERTISEIT FOR
EACH FULL BLOCK OF 10,000 SHARES IN MULTIQ; OR
    * OR "CASH CONSIDERATION" SEK 1.60 IN CASH FOR EACH SHARE IN
MULTIQ
    * OFFER ENTAILS THAT ALL SHARES IN MULTIQ ARE VALUED AT
APPROXIMATELY SEK 197 MILLION, BASED ON CASH CONSIDERATION
ALTERNATIVE
    * BIDDER WILL NOT INCREASE CONSIDERATION OFFERED
    * OFFER HAS BEEN NEGOTIATED IN CONSENSUS WITH THREE OF
LARGEST
SHAREHOLDERS IN MULTIQ
    * THREE OF LARGEST SHAREHOLDERS IN MULTIQ HAVE MADE BINDING
COMMITMENTS ON ACCEPTANCE OF OFFER CORRESPONDING TO 46.6% IN
TOTAL OF ALL SHARES AND VOTES IN MULTIQ
    * COMPLETION OF OFFER IS CONDITIONAL UPON, AMONG OTHERS,
OFFER
BEING ACCEPTED TO SUCH EXTENT THAT VERTISEIT BECOMES OWNER OF
MORE THAN 80% OF SHARES IN MULTIQ

Source text for Eikon:  ID:nMFN9qr3KC 
Further company coverage:  VERTb.ST 

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