Brief: Organoclick Announces Outcome In Offer To Holders Of Preference Shares In Organowood

Organoclick AB

05/07/2021 07:41

July 5 (Reuters) - OrganoClick AB  ORGC.ST :
    * ORGANOCLICK ANNOUNCES OUTCOME IN THE OFFER TO THE HOLDERS
OF
PREFERENCE SHARES IN ORGANOWOOD
    * TOGETHER WITH ANOTHER HOLDER OF COMMON SHARES IN COMPANY'S
SUBSIDIARY ORGANOWOOD AB  LAUNCH AN OFFER TO ALL HOLDERS OF
PREFERENCE SHARES IN ORGANOWOOD
    * OFFER TO TENDER THEIR PREFERENCE SHARES TO BUYERS AGAINST
A CASH
CONSIDERATION OF SEK 150 PER PREFERENCE SHARE
    * PREFERENCE SHARES IN ORGANOWOOD ARE NOT ADMITTED TO
TRADING.
    * ACCEPTANCE PERIOD ENDED ON 30 JUNE 2021 AND ORGANOCLICK
TODAY
ANNOUNCES THAT OFFER HAS BEEN ACCEPTED BY SHAREHOLDERS
REPRESENTING 117,250 PREFERENCE SHARES
    * SETTLEMENT IS EXPECTED TO BEGIN AROUND 7 JULY 2021,
WHEREOF
ORGANOCLICK ACQUIRES 70,350 PREFERENCE SHARES AGAINST A CASH
CONSIDERATION OF IN AGGREGATE SEK 10,552,500
    * OTHER HOLDER OF COMMON SHARES ACQUIRES 46,900 PREFERENCE
SHARES
AGAINST A CASH CONSIDERATION OF IN AGGREGATE SEK 7,035,000
    * ORGANOCLICK ALREADY HOLDS 1,200,000 COMMON SHARES IN
ORGANOWOOD,
CORRESPONDING TO 60 PERCENT OF TOTAL NUMBER OF COMMON SHARES IN
ORGANOWOOD
    * FOLLOWING OFFER, ORGANOCLICK WILL ALSO HOLD 70,350
PREFERENCE
SHARES IN ORGANOWOOD, CORRESPONDING TO APPROXIMATELY 35.18
PERCENT OF TOTAL NUMBER OF PREFERENCE SHARES IN ORGANOWOOD.
    * ACCORDINGLY, ORGANOCLICK WILL HOLD IN AGGREGATE 1,270,350
SHARES
IN ORGANOWOOD, CORRESPONDING TO APPROXIMATELY 57.74 PERCENT OF
TOTAL NUMBER OF SHARES AND APPROXIMATELY 59.75 PERCENT OF TOTAL
NUMBER OF VOTES IN ORGANOWOOD

Source text for Eikon:  ID:nWkr7729Sb 
Further company coverage:  ORGC.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))