Reference is made to the mandatory offer made by Samhällsbyggnadsbolaget iNorden AB (publ) ("SBB") on22 December 2021 (the "Offer") for all outstanding shares inSolon Eiendom ASA ("Solon"). The board of directors of Solon (the "Board") has reviewed the offer and considered factors that the Board deems material and relevant for the assessment of whether the Offer should be accepted by Solon's shareholders. Oslo Børs has in accordance with section 6-16 (4) of theNorwegian Securities Trading Act, decided that the statement shall be made by the Board with the exception ofSimen Thorsen (chair) and Jan-Erik Sigurd Höjvall. The Board considers the Offer to be fair and recommends that the Offer is accepted based on among other the following (please refer to the enclosed full recommendation for further details): After the announcement of SBB's acquisition of 51 million shares on8 November 2021 , the Shares have generally traded at or just below the Offer price. The Board notes that the Offer Price represents a premium of 16%, 15%, 18% and 23%, respectively, over the 1-month, 3-month, 6-month and 12-month volume-weighted average price of the shares in Solon prior to announcement of the Offer. The current shareholding in the Company of SBB/ Solon Eiendom Holding AS and the stated intention to move ahead with a compulsory acquisition give SBB/ Solon Eiendom Holding AS control over the election of directors to the Board and other matters that require to be put to a vote for shareholders in the Company. The recommendation is unanimous. The Board has been assisted bySparebank 1 Markets AS ("SB1M") as financial advisor and Kvale Advokatfirma DA as legal advisor. SB1M has prepared an independent fairness opinion dated4 January 2022 ("Fairness Opinion") in accordance with the recommendation set out in the Norwegian Code of Practice for Corporate Governance. The complete recommendation from the Board as required by section 6-16 of the Norwegian Securities Trading Act is attached to this announcement. The Board's assessment of the Offer does not entail any certainty for future market prices of the Solon shares. The Board recommends each shareholder to consider the Offer considering the factors set out in the Board's statement, the Fairness Opinion and other relevant information, and on this basis and in accordance with its own judgment and preferences make an independent evaluation of whether or not to accept the Offer with respect to its shares in Solon. For further information, please contactAndreas Martinussen , Chief Executive Officer,Solon Eiendom ASA Tel: +47 400 00 405, e-mail: am@soloneiendom.noChristian Berg , Deputy Chairman,Solon Eiendom ASA Tel: +47 917 46 910, e-mail: christian.berg@wilhelmsen.com This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12. ATTACHMENTS Statement fromSolon Eiendom ASA in connection with the mandatory offer from SBB Fairness Opinion from SB1 Markets
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