NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Brussels, Belgium and Oslo, Norway – 14 April 2020
Reference is made to the stock exchange announcement of 6 April 2020 regarding the preliminary results of AKKA Technologies SE’s (“AKKA”, the “Offeror”) mandatory offer for all shares in Data Respons ASA (“Data Respons”) not owned by AKKA, against a settlement in cash of NOK 48.00 per share (the “Offer”) as described in the offer document dated 6 March 2020 (the “Offer Document”).
Following final registration of acceptances, the acceptance level in the Offer is 4,291,544 shares, representing approximately 5.68% of the total shares and voting rights of Data Respons. Taking into account AKKA’s 16,807,577 shares in Data Respons and shares acquired by AKKA in connection with its voluntary offer completed on 21 February 2020, AKKA will upon completion of the Offer control 74,880,729 shares and voting rights representing approximately 99.17% of the total shares and voting rights in Data Respons.
The settlement of the Offer is expected to take place on or about 15 April 2020.
Given that AKKA holds more than 90% of the share capital of Data Respons, a compulsory acquisition (squeeze out) of the remaining shares not owned by AKKA and a delisting will be carried out in due course.
For further information, please contact:
Dov Levy: + 32(0) 2 712 61 24
VP Investor Relations of AKKA
Markus Leutert: + 32(0) 4 96 26 27 55
Group Head of Communications or AKKA
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.
The Offer Document contains further details regarding the Offer, and the Data Respons shareholders are advised to review the Offer Document in detail. The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions and the Offer is not made in any jurisdiction where the making of the Offer would not be in compliance with the laws of such jurisdiction. The Offeror assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement does not in itself constitute an offer. The Offer is made in the Offer Document and can only be accepted pursuant to the terms of such document.