SRH Investco currently owns 63,390,773 shares in Saferoad, representing approximately 95.1% of the total shares in Saferoad.
The board of directors of SRH Investco has pursuant to section 4-25 of the Norwegian Public Limited Liability Companies Act and section 6-22 of the Norwegian Securities Trading Act (the "STA") resolved to carry out a compulsory acquisition of all the remaining shares in Saferoad not already owned by SRH Investco (the "Minority Shares") effective from end of trading on the Oslo Stock Exchange today.
In accordance with section 6-22 (2) of the STA, the offered redemption price for each Minority Share is NOK 30.10, which equals the offer price in the Offer.
As of today, the rights and ownership of the Minority Shares will automatically be transferred to SRH Investco, and accordingly SRH Investco will from the day hereof be the beneficial owner of 100% of the Saferoad shares.
SRH Investco has obtained a guarantee for the settlement under the compulsory acquisition in accordance with section 6-22 (3) no. 3 of the STA.
Any objections to, or rejection of, the offered redemption price must be made at the latest on 13 November 2018. Former shareholders of Saferoad who do not object to, or reject, the offered redemption price within this deadline will be deemed to have accepted the offered price. Settlement of the offer price to the minority shareholders will take place around 19 September 2018.
A letter regarding the compulsory acquisition will be sent to all former shareholders of Saferoad whose addresses are known and whose shares have been acquired by way of the compulsory acquisition. In addition, the compulsory acquisition will be announced electronically by the Norwegian Register of Business Enterprises.
As a result of the compulsory acquisition, SRH Investco will pursue a delisting of the shares in Saferoad from the Oslo Stock Exchange. A separate stock exchange announcement will be published regarding such delisting.
1) FSN Capital GP V Limited acting in its capacity as general partner for and on behalf of each of FSN Capital V L.P., FSN Capital V (B) L.P. and FSN Capital V Invest L.P.