EVRY ASA Oslo, 27 January 2015 - With reference to the voluntary offer for the outstanding shares of EVRY ASA ("EVRY") as announced on 8 December 2014 (the "Offer") and the approval of the offer document for the Offer by Oslo Børs as announced on 16 December 2014 (the "Offer Document"), Lyngen Bidco AS (the "Offeror"), a company indirectly controlled by private equity funds advised by Apax Partners LLP, is hereby extending the offer period for the Offer by one week to 4 February 2015 at 09:00 CET.
Except for the extension of the Offer Period, all other terms and conditions of the Offer remain unchanged. The Offer is still subject to the satisfaction or waiver of all of the closing conditions set out in the Offer Document. The Offeror has started the anti-trust review process with the relevant competition authorities and the current expectation is that Anti-trust Clearances will be obtained by mid February 2015; however, no assurance can be given as to whether this will happen within the expected timeframe.
As of 27 January 2015 at 1700 CET, the Offeror had received acceptances of the Offer for approximately 87%, including pre-acceptances from Posten and Telenor, Folketrygdfondet, all members of the Board holding Shares in the Company, the CEO and CFO and certain other members of the senior management. It remains to be verified by means of the final acceptance numbers whether the 90% acceptance condition has been satisfied. The Offeror maintains its right to further extend the Offer Period up to 25 February 2015 (10 weeks in total) as set out in section 1.7 of the Offer Document.
The extension of the Offer Period does not involve any extension of the Long Stop Date, and, accordingly if the Offeror has not publicly announced that the offer conditions are satisfied or waived by 16:30 CET on 21 April 2015, then the Offer will lapse and any tendered shares will be released by the Offeror.
As announced on 8 December 2014, the board of EVRY has unanimously recommended that shareholders accept the Offer. A cash consideration of NOK 16.00 is offered per share, valuing the total share capital of EVRY at approximately NOK 4.3 billion.
Capitalized terms in this stock exchange notice shall be interpreted in accordance with the definitions in the Offer Document unless otherwise defined. This notice has been issued by Lyngen Bidco AS after review and approval by the Oslo Børs.
For further information, please contact:
Jo Isaksen (DNB Markets)
Mobile: +47 98 22 85 41
E-mail: jo.isaksen@dnb.no:
mailto:jo.isaksen@dnb.no
Lyngen Bidco AS
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVRY via Globenewswire
