Triton Fund V ("Triton") submitted, at 07.00 CET this morning, through its wholly-owned subsidiary Goldcup 25969 AB (under name change to
The offer in brief according to the statement from Triton:
· Trisall will pay
· The Offer does not include warrants holder within the framework of HiQ's Incentive Programme. Trisall has announced that after the completion of the Offer, it will work to ensure that warrant holders are given fair treatment outside the Offer.
· The offer implies a premium of:
i. c. 25 percent compared to the closing price of
ii. c. 33 percent compared to the volume weighted average share price of
iii. c. 63 percent compared to the volume weighted average share price of
iv. c.54 percent compared to the volume weighted average share price of
· Triton's indicative timeline:
· Offer document published 9 September 2020
· Acceptance period 10 September -
· Settlement 9 October 2020
Further information concerning the Offer on the bidder's website: www.invest-to-lead.com
Advisors
The Board of Directors of HiQ has engaged
Statement from the Board of Directors
The Board, together with its advisors, will further evaluate the Offer that has been submitted and will thereafter publish its formal statement on the Offer as soon as possible, at the latest two weeks prior to the end of the acceptance period of the Offer.
For additional information, please contact:
Erik Ridman, Director of Communication HiQ, tel: +46 (0)70-420 00 01, E-mail: erik.ridman@hiq.se
This information is information that
(1) If HiQ, prior to the settlement of the Offer, pays any dividend or makes any other transfer of value to shareholders, the Offer Consideration will be adjusted accordingly.
(2) Based on 55,842,087 shares, corresponding to the total number of shares outstanding in HiQ.
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https://news.cision.com/hiq-international/r/statement-from-the-board-of-directors-of-hiq-regarding-the-public-takeover-bid-from-triton,c3181441
https://mb.cision.com/Main/450/3181441/1297494.pdf
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