Request submitted for removal from trading on Nasdaq First North Premier Growth Market Denmark and commencement of compulsory redemption of minority shareholders

4.5.2023 13:01:53 CEST | Re-Match Holding A/S | Company Announcement

Company announcement 16/2023 - Herning, Denmark, 4 May 2023 – Following announcement of the final result of the unregulated voluntary public tender offer (the “Offer”) by Project Astro Bidco A/S (the “Offeror”) to certain shareholders of Re-Match Holding A/S (the “Company” or “Re-Match”), a pioneer within sustainable recycling of artificial turf, in company announcement (no. 15/2023) on 4 May 2023, the Offeror has informed Re-Match that the Offeror has decided to exercise its rights under Sections 70 and 72 of the Danish Companies Act to complete a compulsory acquisition of the shares in the Company held by remaining minority shareholders.

The Offer is expected to be settled on 10 May 2023. All remaining minority shareholders of the Company are expected to be requested, by separate notice on 16 May 2023, to transfer all their shares in Re-Match to the Offeror within a four week period expected to end on 13 June 2023, in accordance with Sections 70 and 72 of the Danish Companies Act.

At the Company’s extraordinary general meeting held on 23 March 2023 (the “EGM”) it was resolved to adopt an authorization for the Board of Directors of Re-Match to, in the period until 30 June 2023, submit an application to Nasdaq Copenhagen A/S for voluntary removal of the Company's shares from trading on Nasdaq First North Premier Growth Market Denmark.

Today, the Board of Directors of Re-Match has, upon request from the Offeror, submitted a request to Nasdaq Copenhagen A/S for the removal of all the Company’s shares from trading on Nasdaq First North Premier Growth Market Denmark. The request is based on the simplified procedure in Rule 2.6(c)(i) of Supplement D in the Nasdaq First North Growth Market Rulebook for Issuers of Shares dated 21 March 2023 as the Offeror will hold more than 90% of the shares and voting rights in the Company following the settlement of the Offer, and will thus be able to complete a compulsory acquisition of the shares held by the remaining minority shareholders.

Subject to approval from Nasdaq Copenhagen, the last day of trading of the Company’s shares on Nasdaq First North Premier Growth Market Denmark is expected to be on 15 May 2023.

  

For more info please contact:
Martin Plambek, CMO, [phone], [e-mail] 

   

Certified Advisor:
Daniel Sand
Email: [e-mail] 
Beierholm Corporate Finance P/S
Østergade 26B
1100 Copenhagen
Denmark

Contacts

• Martin Plambek, CMO, [phone], [e-mail]

Attachments

• Download announcement as PDF.pdf

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