DNA OYJ STOCK EXCHANGE RELEASE 28 August 2019 15:30 pm (EEST)
Telenor became a majority shareholder in DNA with 54% of the shares and voting rights on 21 August 2019. The completion of the share transaction triggered an obligation for Telenor to make a mandatory public tender offer for the remaining outstanding shares in DNA. Telenor announced today that the tender offer will start on Thursday 29 August 2019 and it is estimated to end on 26 September 2019.
The Finnish language version of the tender offer document is available as of 28 August 2019 on the internet at www.telenor.com/telenor-ostotarjous-dna. The English language version of the document is available at www.telenor.com/telenor-offer-for-dna as of 28 August 2019.
Pursuant to the Finnish Securities Markets Act, the DNA Board must prepare a public statement regarding the tender offer. The statement must include a well-founded assessment of the tender offer from the perspective of DNA and its shareholders as well as of the strategic plans presented by the offeror in the tender offer document and their likely effects on the operations of, and employment at, DNA. The statement will be published in due course.
Telenor acquired DNA’s two main shareholders’, Finda Telecoms Oy and PHP Holding Oy’s, shares in DNA for EUR 20.90 per share in cash.
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
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. 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.