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Stena Adactum AB announces a mandatory public cash offer to the shareholders of Svedbergs i Dalstorp AB
For more information https://www.svedbergsbudplikt.se
Stena Adactum AB holds more than 30 per cent of the shares in Svedbergs i Dalstorp AB, thereby passing the mandatory bid threshold
This press release is not an offer to acquire shares. This press release is made in accordance with Chapter 3 section 1 of the Swedish Act on Public Takeovers on the Stock Market (2006:451).
Stena Adactum AB (“Stena Adactum”) has acquired 354,700 shares of series B in Svedbergs i Dalstorp AB (“Svedbergs”) for a maximum consideration of SEK 50 per share. Through the acquisition, Stena Adactum has attained a direct and indirect1 holding of 10,847,075 shares of series B in Svedbergs, corresponding to a holding of approximately 30.7 per cent of the shares and votes in Svedbergs2.
Through the acquisition, the mandatory bid threshold is passed, entailing that Stena Adactum is required to launch a mandatory takeover offer for the remaining shares in Svedbergs within four weeks from the acquisition, or to sell such number of shares that Stena Adactum’s shareholding represents less than three tenths of the voting rights for all shares in Svedbergs. Stena Adactum intends to launch a mandatory takeover offer for the remaining shares in Svedbergs through a separate press release, on or around 22 March 2022 at latest, for a cash consideration of SEK 50 per share.
– Svedbergs is a very fine company that continues its growth journey. We stand behind the strategy and support the company through our long-term active ownership. Based on our strong confidence in Svedbergs, we have decided to increase our ownership in the company. We look forward to continuing to work with the management and the board to develop Svedbergs, says Anders Wassberg, President and CEO of Stena Adactum.
For additional information, please contact:
Anders Wassberg, President and CEO of Stena Adactum
Tel: 073-427 08 01, e-mail: anders.wassberg@stena.com
This press release was submitted for publication on 14 March 2022, at 17.00 CET.
Important information
This press release is not an offer to acquire shares. Anyone passing the mandatory bid threshold of 30 per cent of the votes in a company with shares admitted to trading on a regulated market must according to Chapter 3 section 1 of the Swedish Act on Public Takeovers on the Stock Market (2006:451) disclose the passing of the mandatory bid threshold. This press release constitutes such a disclosure.
1. Through the wholly-owned subsidiary Ballingslöv International AB.
2. Calculated to include any treasury shares held by Svedbergs (currently 14,361 shares of series B) and including 14,123,758 shares of series B issued as part of the rights issue announced by Svedbergs on 11 February 2022, whereof 4,342,375 shares of series B have been subscribed and allotted to, directly and indirectly, Stena Adactum.