DNA PLC STOCK EXCHANGE RELEASE 19 August 2019 16:45 (EEST)
Telenor got the approval for its acquisition of DNA’s shares from Finland’s Ministry of Economic Affairs and Employment on 19 August 2019. On 8 August 2019, DNA got the approval of the Finnish Government according to which the change in ownership has no effect on DNA’s network licences.
Norwegian telecommunications company Telenor Group announced on 9 April 2019 that it will acquire DNA's two largest owners', Finda Telecoms Oy and PHP Holding Oy's, shares of DNA Plc, in total 54% of the shares.
European Commission approved the transaction on 15 July 2019 and Finda and PHP's general meetings approved the transaction on May 2019.
Telenor expects completion of the share transaction in August. After this, Telenor will trigger a mandatory public tender offer for all the remaining outstanding shares in DNA.
DNA’s operations will continue as normal and the transaction has no impact on our customers’ services.
Further enquiries:
Head of IR, Marja Mäkinen, DNA Plc, +358 44 044 1262, marja.makinen@dna.fi
DNA Corporate Communications, +358 44 044 8000, communications@dna.fi
Telenor invites to an investor meeting regarding the acquisition of DNA shares
Telenor invites to an investor meeting hosted by Telenor Group CFO Jørgen Arentz Rostrup on Wednesday 21 August at 12:00 EEST in Helsinki.
Telenor Group CFO Jørgen Arentz Rostrup will host an investor presentation including Q&A. The presentation will be held at Epicenter Helsinki, and will also be available as a conference call. You can find call in details on DNA’s investor website before the event: www.dna.fi/investors.
DNA is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. Our mission is to provide products and services that make our private and corporate customers' lives simple. As a telecommunications operator, DNA plays an important role in society by providing important communication connections and by enabling digital development. DNA was ranked as Finland's best place to work in 2019 in the Great Place to Work survey's large companies category. In 2018, our net sales were EUR 912 million and our operating profit EUR 139 million. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For further information, visit www.dna.fi or follow us on Twitter @DNA_fi and Facebook.