EG INFORMS CARASENT IT WILL NOT MAKE CONTEMPLATED TAKE-OVER OFFER
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Carasent ASA ("Carasent") refers to the stock exchange release from EG A/S ("EG") on 29 April 2024 regarding EG's contemplating to make a cash tender offer for all shares in Carasent at NOK 20 per share and Carasent's comments in the subsequent stock exchange releases on the same day and on 3 May 2024. As Carasent communicated in those releases, such an offer would in the view of the board of directors of Carasent, (i) represent a significantly lower value to the shareholders of Carasent inherent in Carasent’s business plan on a stand-alone basis and (ii) be unlikely to succeed based on communications with shareholders.
EG has on 4 July 2024 after close of trading on Oslo Børs informed Carasent that it has decided not to proceed with the making of any offer.
Carasent will make no further comments in relation to the interest shown by EG.