Lyngen Bidco AS - The Offeror's lenders consent to waiver of 90 per cent condition
(Thomson Reuters ONE) -
Lyngen Bidco AS - The Offeror's debt providers consent to the Offeror waiving
the Offer condition of receiving valid acceptances for more than 90 per cent of
the Shares and voting rights in the Company
Oslo, 24 February 2015 - Reference is made to the voluntary offer (the "Offer")
for the outstanding shares of EVRY ASA ("EVRY" or the "Company") by Lyngen Bidco
AS (the "Offeror"), a company indirectly controlled by private equity funds
advised by Apax Partners LLP.
The Offeror's financing arrangement for funding the Offer was subject to, inter
alia, the Offeror receiving valid acceptances for at least 90 per cent of the
Shares and voting rights in the Company. The debt providers have now agreed to
let the Offeror waive the minimum acceptance level of the Offer provided that
the Offeror receives acceptances for at least 87% of the Shares and voting
rights in the Company.
The Offeror has received acceptances of the Offer and pre-acceptances for
approximately 88% of the Shares and voting rights in the Company. Based on the
consent granted by the Offeror's debt providers, the Offeror is considering to
waive the Offer condition of receiving a minimum acceptance level and close the
Offer with the acceptances received as per the end of the Offer Period. An
announcement with respect to whether the minimum acceptance level condition is
satisfied or waived will be made no later than 2 March 2015.
As notified on 16 February 2015, the Offer has previously received the relevant
anti-trust clearances. As of today, none of the other outstanding conditions of
the Offer have been breached.
The Offer Period has been extended through earlier announcements and will end on
Wednesday 25 February 2015 at 09:00 CET. The Offer Period is not subject to any
further extensions.
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.
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#1896806]
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