Symrise has increased its shareholding in Probi to 30.03%, which gives rise to an obligation to launch a mandatory public offer
ET | Source:Probi AB
This information was submitted for disclosure on 13 January 2014 at 09:35 (CET).
This press release may not be distributed, either directly or indirectly, in or
to Australia, Canada, Japan, New Zealand, South Africa, the US or any country in
which this would require additional documentation, registration or other
measures above and beyond what is required by Swedish law.
Symrise has increased its shareholding in Probi to 30.03%, which gives rise to
an obligation to launch a mandatory public offer
Probi has been informed that on 10 January 2014 Symrise AG (“Symrise”) acquired
11,010 shares in Probi AB (publ) (“Probi” or “the company”), which is listed on
Nasdaq OMX Stockholm, whereby Symrise holds 2,812,505 Probi shares. Accordingly,
Symrise’s shareholding in the company increased from about 29.91% of Probi’s
share capital and voting rights to about 30.03% of the share capital and voting
This entails that Symrise is obliged to make a public offer to acquire the
shares held by all of the shareholders in Probi. Symrise announces that it
intends to return within four weeks with a decision on any public tender offer
pertaining to the remaining shares in the company. If such a mandatory offer is
submitted, the price to be offered, according to Symrise, will be SEK 40.10 per
share, corresponding to the highest price that Symrise has paid during the most
recent six-month period.
This information is such that Probi AB is required to disclose in accordance
with the Swedish Securities Market Act and/or the Financial Instruments Trading
This is a translation of the Swedish version of the press release. When in
doubt, the Swedish wording prevails.
FOR MORE INFORMATION, PLEASE CONTACT:
Per Lundin, Chairman of the Board, Probi, mobile +46 705 74 11 71, e-mail:
Probi is a leading player in probiotic research and the development of efficient
and well-documented probiotics. Its research areas include: gastrointestinal
tracts, immune system, metabolic syndrome and stress and recovery. Probi’s
customers are leading companies in the Functional Food and Consumer Healthcare
segments. Total income for 2012 totalled MSEK 100.4. Probi’s share is listed on
the NASDAQ OMX Stockholm, Small Cap. Probi has approximately 5,000 shareholders.
Read more at www.probi.se.
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