Preliminary Results of Coronaria Oy's Public Tender Offer for All Shares Issued by Silmäasema Oyj; Coronaria's Holding Increased to Approximately 81.9 Percent Based on the Preliminary Results
Silmäasema Oyj
Stock Exchage Release
27 September 2019 at 4:10 p.m. EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR OTHER JURISDICTION OR IN OTHER CIRCUMSTANCES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION, OR A TENDER OFFER, WOULD BE UNLAWFUL. ADDITIONAL INFORMATION IN BELOW IN SECTION “DISCLAIMER” OF THIS RELEASE.
Silmäasema Oyj has received the following information regarding Coronaria’s mandatory public tender offer for all shares in Silmäasema Oyj:
Coronaria Oy (“Coronaria” or the “Offeror”) has on September 5, 2019 commenced a mandatory public tender offer to purchase all of the issued and outstanding shares in Silmäasema Oyj (“Silmäasema”) that are not held by the Offeror, Silmäasema or any of its subsidiaries (the “Tender Offer”). The acceptance period under the Tender Offer commenced on September 5, 2019 at 9:30 a.m. (Finnish time) and expired on September 26, 2019 at 4:00 p.m. (Finnish time) (the “Offer Period”).
Based on the preliminary results of the Tender Offer, Coronaria announces that the shares tendered in the Tender Offer represent approximately 41.5% of all the shares and votes in Silmäasema. Together with shares already held by Coronaria (including market purchases), this represents in the aggregate approximately 81.9% of all shares in Silmäasema.
The Offeror will confirm and announce the final results of the Tender Offer on or about October 1, 2019. In connection with the announcement of the final results, the Offeror intends to commence a subsequent offer period in accordance with the terms and conditions of the Tender Offer on a date to be announced in the final result announcement.
The Offeror may purchase shares in Silmäasema during or after the offer period also in public trading on Nasdaq Helsinki Ltd or otherwise outside the Tender Offer.
Silmäasema’s operations will continue as normal and the transaction has no impact on our customers.
SILMÄASEMA OYJ
Jussi Salminen
CEO
For further information, please contact:
CEO Jussi Salminen, tel. +358 40 834 5818
CFO Sari Nordblad, tel. +358 50 552 7247
Mikko Merisaari, Head of Communications and Investor Relations, tel. +358 50 521 4055
Silmäasema is a Finnish company, which offers all products and services for optical retail and eye healthcare nationwide. Silmäasema is the largest private eye clinic provider offering eye surgeries and the second largest optical retail chain in Finland. The Silmäasema chain has nearly 150 stores and 13 eye clinics in Finland as well as nine stores in Estonia. The Silmäasema chain employs over 1,000 eye healthcare professionals. The Silmäasema Group’s net sales were EUR 122.9 million in 2018 and adjusted EBITDA was EUR 11.8 million.
DISCLAIMER
THIS STOCK EXCHANGE RELEASE MUST NOT BE PUBLISHED, RELEASED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE INTO, UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR ANY OTHER JURISDICTION WHERE PUBLICATION, RELEASE OR DISTRIBUTION OR THE TENDER OFFERWOULD BE UNLAWFUL.
THIS STOCK EXCHANGE RELEASE IS NOT AN OFFER DOCUMENT AND DOES NOT IN ITSELF CONSTITUTE AN OFFER OR AN INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS STOCK EXCHANGE RELEASE IS NOT AN OFFER TO SELL OR A REQUEST FOR OFFERS TO BUY ANY OF THE SECURITIES DESCRIBED IN THIS STOCK EXCHANGE RELEASE, NOR IS IT AN EXTENSION OF THE PURCHASE OFFER TO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. INVES-TORS MUST APPROVE THE PURCHASE OFFER CONCERNING THE SHARES BASED SOLELY ON THE INFORMATION INCLUDED IN THE OFFER DOCUMENT. THE PURCHASE OFFER WILL NOT BE MADE, DIRECTLY OR INDIRECTLY, IN AREAS WHERE MAKING AN OFFER OR PARTICIPATING IN AN OFFER WOULD BE UNLAWFUL, OR WHERE THE PUBLICATION OF THE OFFER DOCUMENT OR REGISTRATIONS ARE REQUIRED, OR WHERE MAKING AN OFFER IS SUBJECT TO FURTHER REQUIREMENTS IN ADDI-TION TO THOSE RELATED TO THE PURCHASE OFFER IN FINLAND.