Brief: Wetteri Recommends To Reject Takeover Offer From Simula Invest

Wetteri Oyj

08/02/2023 07:48

Feb 8 (Reuters) - Wetteri Oyj  WETTERI.HE :
    * SIMULA INVEST ANNOUNCED ON TUESDAY LAUNCH OF MANDATORY
PUBLIC
TENDER OFFER FOR SHARES OF WETTERI ON FEB 8, 2023 AFTER
FINANCIAL SUPERVISORY AUTHORITY HAS APPROVED OFFER DOCUMENT
    * CONSIDERATION FOR OFFER IS EUR 0.82 PER SHARE
    * BOD OF WETTERI HAS PUBLISHED STATEMENT ON TENDER OFFER IN
ACCORDANCE WITH SECURITIES MARKETS ACT
    * BOD OF WETTERI RECOMMENDS TO SHAREHOLDER TO REJECT OFFER
    * WETTERI HAS ISSUED TOTAL OF 134 600 870 SHARES, OF WHICH
ABOUT
93% ARE HELD BY PARTIES WHO HAVE PREVIOUSLY COMMITTED NOT TO
ACCEPT TAKEOVER OFFER, THUS TO CONTINUE TO BE SHAREHOLDERS OF
WETTERI
    * SIMULA INVEST DOES NOT EXPECT IMPLEMENTATION OF TENDER
OFFER TO
HAVE ANY SIGNIFICANT DIRECT EFFECTS ON BUSINESS OR ASSETS OF
WETTERI, ON POSITION OF THE MANAGEMENT OR EMPLOYEES OF WETTERI

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr6Fw01S
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