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Brussels, Belgium and Oslo, Norway – 16th March 2020.
Reference is made to the offer document dated 6 March 2020 (the “Offer Document”) regarding AKKA Technologies SE’s (“AKKA” or the “Offeror”) mandatory offer for all shares in Data Respons ASA (“Data Respons”) not owned by AKKA, against settlement in cash of NOK 48.00 per share (the “Offer”).
As a result of acceptances of the Offer, acquisitions outside the Offer and previous acquisitions, as of 13 March 2020 AKKA owns or has received acceptances for a total of 69,667,008 shares, representing in total 92.26% of the share capital of Data Respons.
Given that AKKA now holds more than 90% of the share capital of Data Respons, a compulsory acquisition (a squeeze out) of the remaining shares not owned by AKKA and a delisting will be carried out in due course.
The Offer Document is, subject to regulatory restrictions in certain jurisdictions, available at www.dnb.no/emisjoner/ (http://www.dnb.no/emisjoner/), as well as on the homepages of AKKA at www.akka-technologies.com/investors/ (http://www.akka-technologies.com/investors/) and Data Respons at www.datarespons.com (http://www.datarespons.com).
J.P. Morgan Securities Plc is acting as financial adviser to the Offeror and DNB Markets, a part of DNB Bank ASA, is acting as domestic financial advisor and receiving agent. Advokatfirmaet Thommessen AS is the Norwegian legal adviser to the Offeror in connection with the Offer.
Upcoming events on AKKA’s Financial Calendar:
2019 full-year results: Tuesday, 17 March 2020
In case of discrepancies between the French and English versions of the press release, only the English version shall be deemed valid.