Nets A/S: Final regulatory approval of public takeover offer received
January 24 2018 - 11:37AM
Company
announcement
No. 1/2018
Not for release, publication or distribution,
directly or indirectly, in any jurisdiction in which such release,
publication or distribution would be unlawful.
Final regulatory approval of
public takeover offer received
With reference to company announcement dated 23
October 2017 (no. 29/2017) regarding the submission of the
voluntary, recommended, public takeover offer for Nets A/S by
Evergood 5 AS (the "Offeror"), the Swedish Financial Supervisory
Authority has today provided its consent to the ownership
assessment application submitted by the Offeror pursuant to the
Swedish Payment Services Act and the Swedish Electronic Funds
Act.
Following today's receipt of the Swedish FSA's
consent, all regulatory approvals upon which the Offer was
conditioned have now been obtained.
Inge Hansen, Chairman of Nets said: "With the
final regulatory approval from the Swedish authorities in place, it
is now up to the shareholders to accept the Offer before the end of
January. The Board finds the offer price of DKK 165 attractive and
recommends all our shareholders to accept the offer."
The Offer to Nets shareholders expires on 1
February 2018 at 16:00 (CET) but certain depositary banks may have
earlier deadlines for submission of acceptance forms.
Completion of the Offer is inter alia conditional on the Offeror
owning, or having received valid acceptances in respect of, more
than 90 per cent of the share capital (excluding treasury shares)
and voting rights in Nets.
For further information,
please contact:
For media enquiries:
Pia Stoklund, Head of Communications, at +45 29 48 26 46 or
pstok@nets.eu
For investor and analyst enquiries:
Lars Østmoe, Head of M&A and IR, at +47 91 34 71 77 or
lostm@nets.eu
Information on
Nets
Nets is a leading provider of digital payment services and related
technology solutions across the Nordic region. Nets sits at the
centre of the digital payments ecosystem and operates a deeply
entrenched network, which connects merchants, corporate customers,
financial institutions and consumers enabling them to make and
receive payments as well as, increasingly, utilise value-added
services to help them improve their respective activities.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Nets A/S via Globenewswire
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