Brief: Soprano Not Granted Exemption Permit

Wetteri Oyj

23/09/2022 07:51

Sept 23 (Reuters) - Soprano Oyj  SOPRA.HE :
    * WAS NOT GRANTED AN EXEMPTION PERMIT RELATED TO WETTER'S
SHARE
EXCHANGE AGREEMENT BY THE FINANCIAL SUPERVISORY AUTHORITY
    * FINANCIAL SUPERVISORY AUTHORITY REQUIRES THAT THE PUBLIC
TAKEOVER OFFER IS MADE IMMEDIATELY BEFORE THE FINANCIAL
SUPERVISORY AUTHORITY'S OPINION, I.E. BY 22 OCTOBER 2022
    * FINANCIAL SUPERVISORY AUTHORITY'S POSITION DOES NOT AFFECT
THE
SHARE SWAP AGREEMENT AND THE IMPLEMENTATION OF THE ARRANGEMENT
WILL CONTINUE
    * SIMULA INVEST OY IMPLEMENTS A PUBLIC TAKEOVER OFFER. AFTER
SIGNING THE SHARE EXCHANGE AGREEMENT, AARNE SIMULA HAS ACQUIRED
SOPRANO OYJ'S SHARES
    * HIGHEST PRICE PAID IN PUBLIC TRADING IS EUR 0.82 PER
SHARE. THIS
IS THE PRICE AT WHICH THE PUBLIC TENDER OFFER WILL BE EXECUTED

Source text for Eikon:  ID:nGNEc1RkCJ 
Further company coverage:  SOPRA.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))