Final results of Inission AB’s mandatory public tender
Enedo Oyj / Stock exchange release 4 October 2022 at 9.45 am
FINAL RESULTS OF INISSION AB’S MANDATORY PUBLIC TENDER OFFER FOR ALL OUTSTANDING SHARES OF ENEDO OYJ
Not published or distributed directly or indirectly in Australia, Canada, China, Hong Kong, Japan, New Zealand, Singapore, South Africa or the United States or any other jurisdiction where prohibited by applicable law.
Last night, Inission AB, the North European contract manufacturer listed on the Nasdaq First North Growth Market Stockholm, has announced the final results of Inission AB’s mandatory public tender offer for all shares issued by Enedo Oyj.
More information on the final results of the mandatory Public Tender Offer can be found in the Inission AB announcement attached to this stock exchange announcement.
ENEDO OYJ
Mikael Fryklund
Managing director
For more information, contact CEO Mikael Fryklund, tel. +358 40 500 6864.
DISTRIBUTION
Nasdaq Helsinki Oy
Mainstream media
About Enedo
Enedo is a European designer and manufacturer of high-quality electronic power supplies and systems for critical equipment in even the most demanding environments. Enedo’s mission is to make electricity better – more reliable, safer, more energy efficient – and just right for its purpose. Enedo’s three main product categories are led controllers, power supplies and power systems. In 2021, the group’s turnover was 36.4 million euros. Enedo has 330 employees and its main operations are located in Finland, Italy, Tunisia and the USA. The group’s head office is in Finland and the parent company Enedo Oyj is listed on Nasdaq Helsinki Oy.
Annex:
Inission AB / Stock exchange release 3 October 2022 at 18:30
FINAL RESULTS INISSION AB’S OBLIGATORY PUBLIC BUY OFFER FOR ALL ISSUANCE OF SHARES ENEDO OYJ
Not for release, publication or distribution, in whole or in part, directly or indirectly, in or in part Australia, China, Hong Kong, Japan, New Zealand, Singapore, South Africa or the Uin the United States or any other jurisdiction where the tender offer would be prohibited by applicable law.
Inission AB (“Initiation” or “Offerer) started on 8 September 2022 a mandatory public tender offer for all issued and outstanding shares of Enedo Oyj (“Enedo), which are not in the possession of the Bidder or Enedo (“Offer“). The acceptance period for the purchase offer ended on 29 September 2022 at 16:00 (Finnish time).
According to the final results of the Tender Offer, the shares offered in the Tender Offer represent approximately 15.42% of all Enedo’s shares and votes. Of these, a total of 295 Enedo shareholders (3,932,851 Enedo shares) chose the share consideration in the Purchase Offer and a total of 1,824 Enedo shareholders (6,630,428 Enedo shares) chose the cash consideration in the Purchase Offer.
Together with the Enedo shares already owned by Inission before the Tender Offer, the shares offered in the Tender Offer represent a total of approximately 95.85% of all Enedo shares and votes.
The cash consideration will be paid to shareholders who have validly accepted the Purchase Offer in accordance with the terms of the Purchase Offer on October 5, 2022. The actual time when the shareholders who made the offer will receive the payment depends on how long it takes to make the Tender Offer. to process further payments made by financial institutions.
The share consideration will be paid to shareholders who have validly accepted the Tender Offer in accordance with the terms of the Tender Offer on or about October 20, 2022. In accordance with the terms of the purchase offer, 0.086 new Inission Class B shares will be issued for each Enedo share. In order to implement the share consideration, Inission’s board of directors has today decided on a directed share issue to Enedo shareholders whose shares have been validly offered in accordance with the terms of the Tender Offer and who have chosen the share consideration. The total number of new Inission series B shares is 338,225. The subscription price is paid in the form of contribution assets with a total of 3,932,851 Enedo shares, the value of which is EUR 0.26 (2.83 kroner) per share.
As a result of the execution of the tender offer, the Bidder’s ownership in Enedo will exceed 90% of all Enedo shares and votes, and thus the Bidder will start the redemption procedure for minority shares in accordance with Chapter 18 of Finland. limited company law. In such a redemption procedure, the Offeror demands that the redemption price of Enedo’s remaining shares be set at EUR 0.26 per share, which corresponds to the cash consideration paid by the Offeror in the Purchase Offer in accordance with the terms of the Purchase Offer. Purchase offer.
The offeror applies for the removal of Enedo’s shares from the list of Nasdaq Helsinki Oy (“Nasdaq Helsinki”) as soon as it is permitted and reasonably possible according to the applicable laws and regulations and the rules of Nasdaq Helsinki.
Inission AB
GOVERNMENT
For fcontact us for more information
Fredrik Berghel, CEO of Inission
+46 732 02 22 10
About Inission
Inission is a profitable total supplier that offers complete and high-quality electronic and mechanical products to demanding industrial customers in the Nordic countries. Inission’s services cover the entire product life cycle from development and design to industrialization, volume production and the aftermarket. By combining this with logistics services and production based on high flexibility, customer adaptation and short delivery times, our offer becomes very competitive. Inission has factories in Sweden, Finland, Norway and Estonia.
Inission’s turnover in the financial period ending on December 31, 2021 was approximately 1,003 million. krona (about EUR 94 million) and it employs about 520 people. Inission is listed on the Nasdaq First North list with Nordic Certified Adviser AB ([email protected], +46 707 94 90 73) as a certified advisor.
Company reports are archived below: www.inission.com/investor-relations
Inission AB: Company ID 556747-1890
Lantvärnsgatan 4,
652 21 Karlstad