Oslo, 17 October 2024 - Reference is made to the offer document dated 19 August 2024 (the "Offer Document") by Edison Bidco AS (the "Offeror"), an indirect subsidiary of Al Volt (Luxembourg) Sàrl, a vehicle formed by funds managed and/or advised by Advent International, L.P. and or/certain of its affiliates and funds managed and/or advised by Generation Investment Management LLP, for the voluntary cash tender offer to acquire all of the outstanding shares (the "Shares") in Volue ASA ("Volue" or the "Company") (the "Offer") at a price of NOK 42.00 per Share.
The acceptance period under the Offer expired at 16:30 (CEST) on 16 October 2024. As announced on 17 October 2024, the Offeror has received acceptances of the Offer for a total of 56,001,169 Shares, which, taken together with the 86,316,779 Shares under irrevocable undertakings by Arendals Fossekompani ASA, pursuant to a contribution agreement entered into with the Offeror, and irrevocable pre-acceptances from certain shareholders in Volue, represents approximately 98.9% of the Shares.
Settlement of the Offer will be made pursuant to the terms of the Offer Document and will take place no later than 8 November 2024, subject to the remaining Closing Conditions, as set out in Section 2.8 ("Conditions for completion of the Offer") in the Offer Document, remaining fulfilled or being waived (at the Offeror's sole discretion) until settlement of the Offer. Following settlement of the Offer, the Offeror will own 142,317,948 shares in the Company, which equals approx. 98.9% of the total number of shares in Volue.
This disclosure is made pursuant to Section 4-2 of the Norwegian Securities Trading Act.