Statement by Nobina’s Board of Directors regarding the public offering of Ride BidCo
The board of directors of
This statement is made by the board of directors of
The Offer values all the shares of
- 29.6 percent of the closing price of
83.35 SEKto December 10, 2021(the last trading day before the announcement of the Offer);
- 35.8% compared to the weighted average price according to the volume of
79.51 SEKduring the last 90 trading days preceding the announcement of the Offer; and
- 23.7 percent of the highest recorded closing price of
87.30 SEKbecause that of NobinaIPO on June 18, 2015.
The period for accepting the Offer should begin on
Completion of the offer is conditional, among other things, on acceptance of the offer to such an extent that Ride BidCo owns more than 90 percent of the total number of shares of
The Board of Directors has, at the written request of Basalt and Ride BidCo, authorized Basalt and Ride BidCo to perform a confirmatory due diligence of
Further information on the offer is available on the Ride BidCo website, www.offertoride.com.
Evaluation of the Offer by the board of directors
In assessing the merits of the Offer, the board of directors took into account a number of factors, including, but not limited to, the new strategy and business plan of the Company, the Company’s current financial condition, existing market conditions and market challenges. where the Company operates, the expected future development of the Company and the related opportunities and risks, the valuation methods normally used to evaluate public offers from listed companies, including the evaluation of the Offer of
As part of its assessment of the Offer, the board of directors has also considered other opportunities in light of Basalt’s approach and has taken into account the previous interest of other potential bidders.
In addition, arriving at its recommendation to the shareholders of
The board of directors engaged Lazard as financial advisor and Gernandt & Danielsson Advokatbyrå as legal advisor in connection with the Offer.
The recommendation of the board of directors of the Offer
The board of directors of
The effects on
Under the Takeover Rules, the board of directors is required, on the basis of Ride BidCo’s declaration in the announcement of the Offer, to rule on the effects that the implementation of the Offer could have. on the Company, particularly in terms of employment, and its opinion on Ride BidCo the Company’s strategic plans and the impact these plans may have on employment and the places where the Company operates. In its press release announcing the Offer, Ride BidCo states:
“Basalt is impressed with the strength of the leadership team at
The Board of Directors assumes that this statement is correct and has in some respects no reason to take a different view.
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This statement by the board of directors of
Board of directors
 Based on 86,325,590 shares, i.e. excluding 2,030,092 treasury shares held by
This press release contains inside information which
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