Lyngen Bidco AS extends the offer period to acquire all shares in EVRY ASA
(Thomson Reuters ONE) -
Oslo, 10 February 2015 - Reference is made to the voluntary offer (the "Offer")
for the outstanding shares of EVRY ASA ("EVRY") by Lyngen Bidco AS (the
"Offeror"), a company indirectly controlled by private equity funds advised by
Apax Partners LLP. Reference is also made to the extension of the offer period
as announced on 27 January 2015. The Offeror is hereby extending the offer
period for the Offer by one additional week to 18 February 2015 at 09:00 CET.
Except for the extension of the Offer Period, all other terms and conditions of
the Offer remain unchanged. The Offer is still subject to the satisfaction or
waiver of all of the closing conditions set out in the Offer Document. The
Offeror has now received Anti-trust Clearance in Ukraine. The current
expectation is that Anti-trust Clearance in the EU will be obtained by mid
February 2015; however, no assurance can be given as to whether this will happen
within the expected timeframe.
As of 10 February 2015 at 1700 CET, the Offeror had received acceptances of the
Offer for approximately 88%, including pre-acceptances from Posten and Telenor,
Folketrygdfondet, all members of the Board holding Shares in the Company, the
CEO and CFO and certain other members of the senior management. The Offeror
maintains its right to further extend the Offer Period up to 25 February 2015
(10 weeks in total) as set out in section 1.7 of the Offer Document.
The extension of the Offer Period does not involve any extension of the Long
Stop Date, and, accordingly if the Offeror has not publicly announced that the
offer conditions are satisfied or waived by 16:30 CET on 21 April 2015, then the
Offer will lapse and any tendered shares will be released by the Offeror.
As announced on 8 December 2014, the board of EVRY has unanimously recommended
that shareholders accept the Offer. A cash consideration of NOK 16.00 is offered
per share, valuing the total share capital of EVRY at approximately NOK 4.3
billion.
Capitalized terms in this stock exchange notice shall be interpreted in
accordance with the definitions in the Offer Document unless otherwise defined.
This notice has been issued by Lyngen Bidco AS after review and approval by the
Oslo Børs.
For further information, please contact:
Jo Isaksen (DNB Markets)
Mobile: +47 98 22 85 41
E-mail: jo.isaksen(at)dnb.no
Lyngen Bidco AS
* * *
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EVRY via GlobeNewswire
[HUG#1893424]
Unternehmensinformation / Kurzprofil:
Datum: 10.02.2015 - 21:09 Uhr
Sprache: Deutsch
News-ID 370691
Anzahl Zeichen: 3493
contact information:
Town:
Oslo
Kategorie:
Business News
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