STOCKHOLM 28 september 2017
As of today Karo Pharma has received acceptances under the Voluntary Offer for a total of 32 949 919 shares representing at +90,3% of the total shares in Weifa on a fully diluted basis. Accordingly, the conditions for completion of the Voluntary Offer have now been met.
The offer period for the Voluntary Offer expires at 16:30 hours CEST on 3 October 2017. The offer period will not be extended any further by Karo Pharma.
Shareholders who have yet to accept the Voluntary Offer may complete and sign an acceptance form and return it prior to the expiry of the offer period to:
Tel: +47 23 26 81 01
The offer document and the acceptance form are available at www.dnb.no/emisjoner.
Following settlement of the Voluntary Offer, Karo Pharma intends to initiate a compulsory acquisition of the remaining outstanding shares of Weifa in accordance with applicable laws, and to propose that Weifa applies for a delisting of its shares from Oslo Børs.
“We are very pleased to have reached an acceptance level of more than 90% of the shares in Weifa ASA. This is a very important step in creating a profitable and dynamic Speciality Pharma company out of the Nordics. The synergy potential is obvious”, says Anders Lönner, Chairman of the Board of Karo Pharma AB.
For further information please contact:
Peter Blom, CEO, 070-655 56 98 or firstname.lastname@example.org
About Karo Pharma
Karo Pharma is a specialty pharma company that develops and markets products to pharmacies and directly to healthcare providers. The share is listed on Nasdaq Stockholm in the Mid Cap segment.
The information in this report is such that Karo Pharma is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on September 28, 2017 at 16.00 p.m. CET. This press release is also available on www.newsroom.cision.com.
This news release contains certain forward-looking statements that are based on uncertainty, as they relate to events and depend on circumstances that will occur in the future and which, by their nature, may have an impact on results of operations and the financial condition of Karo Pharma and/or Weifa. Such forward-looking statements reflect our current expectations and are based on the information currently available. Neither Karo Pharma nor Weifa can give any assurance as to whether such forward looking statements will prove to be correct. These forward-looking statements include statements regarding the Offer, our expectations as to the launch of the Offer, including the terms of the Offer and expected timing, expected benefits of the Offer. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, among other things, satisfactions of conditions to the Offer and investor participation in the Offer.
Important Notice:The Offer will not be made in any jurisdiction in which making of the Offer would not be in compliance with the laws of such jurisdiction. This announcement does not in itself constitute an offer. The Offer will only be made on the basis of the Offer document and can only be accepted pursuant to the terms of such document.