SUCCESS OF THE FRIENDLY CASH OFFER ON DATA RESPONS

Press releasesFebruary 11 2020

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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 – 11th February 2020. Reference is made to the announcements dated 19th December 2019, 13th January 2020 and 31st January 2020 regarding AKKA Technologies SE’s recommended voluntary offer for all outstanding shares in Data Respons ASA against a settlement in cash of NOK 48.00 per share.

 

AKKA is pleased to report the success of its voluntary offer on Data Respons and has obtained a large majority of 64% of the share capital. AKKA is now confident in its ability to get at least two thirds of outstanding shares in Data Respons. The Offer will be extended for a period of two additional days until February 12th, 2020 at 4.30pm CET, in order to allow to the last shareholders to tender their shares to the Offer.

Both management teams of AKKA and Data Respons have previously stated that they welcome the opportunities this venture represents. In accepting this offer, Data Respons shareholders have also shown their understanding of this venture.

From the first communication at the beginning of December, the respective clients of the two groups have also expressed their enthusiasm and interest in this project and the support that AKKA will deliver in their digital transformation.

AKKA now has Europe’s largest and most comprehensive digital solutions portfolio for the fast-growing mobility market. With full shareholding control, AKKA will invest in the development of this portfolio and generate the commercial and operational synergies relating to this deal as soon as possible.

AKKA will benefit from a business generating half a billion euros in revenues, which will allow the Group to confidently achieve all CLEAR 2022 objectives, and to generate 75% of its revenue from digital solutions.

 

The Offer Document is, subject to regulatory restrictions in certain jurisdictions, available at www.dnb.no/emisjoner/, on AKKA’s homepage at www.akka-technologies.com/investors/ and on Data Repons’ www.datarespons.com

 

Upcoming events on AKKA’s Financial Calendar:

Full-year 2019 results: Tuesday, 17th March 2020

In case of discrepancies between the French and English versions of the press release, only the English version shall be deemed valid.

Feb 11 2020

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SUCCESS OF THE FRIENDLY CASH OFFER ON DATA RESPONS

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