White Pearl Technology Group AB controls 87,48 percent of the shares in Ayima Group AB (publ) after the completion of the public offer
White Pearl Technology Group AB (”White Pearl”) announced on 20th February 2024 a public offer to the shareholders of Ayima Group AB (publ) (”Ayima Group”) to acquire all shares in Ayima Group (the “Offer”). On 27th March 2024, White Pearl announced the decision to extend the acceptance period in the Offer to 10th April 2024, in order to give the remaining shareholders of Ayima group the opportunity to accept the Offer. White Pearl has today decided not to extend the acceptance period in the Offer further. The Offer has been accepted to such an extent that after completion, White Pearl holds approximately 87,48 percent of the shares, and 87,63 percent of the votes in Ayima Group.
THE OFFER IS NOT BEING MADE, AND THIS PRESS RELEASE MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR INTO, NOR WILL ANY TENDER OF SHARES BE ACCEPTED FROM OR ON BEHALF OF HOLDERS IN USA, AUSTRALIA, BELARUS, CANADA, HONG KONG, INDIA, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE MAKING OF THE OFFER, THE DISTRIBUTION OF THIS PRESS RELEASE OR THE ACCEPTANCE OF ANY TENDER OF SHARES WOULD CONTRAVENE APPLICABLE LAWS OR REGULATIONS OR REQUIRE FURTHER OFFER DOCUMENTS, FILINGS OR OTHER MEASURES IN ADDITION TO THOSE REQUIRED UNDER SWEDISH LAW (INCLUDING THE TAKEOVER RULES).
During the extended acceptance period, which ended on 10th April 2024 at 15:00, addition acceptances has been received regarding 134 999 class B shares, corresponding to approximately 1,83 percent of the outstanding share capital and 1,43 percent of the votes in Ayima Group. Payment of consideration for shares submitted in the Offer no later than April 10th 2024 at 15:00, is estimated to be able to begin around 15th April 2024. White Pearl declared the Offer unconditional on 27th March 2024, and has decided not to extend the acceptance period in the Offer further. The Offer has thus ended.
At the end of the extended acceptance period, on 10th April 2024, the Offer had been accepted in total by shareholders represented by a total of 200 000 class A shares and 6 268 006 class B shares in Ayima Group, corresponding to approximately 87,48 percent of the total number of outstanding shares and approximately 87,63 percent of the total number of outstanding votes in Ayima Group.
White Pearl does not hold any other financial instruments that provide financial exposure to Ayima Group's share and has not acquired any other such shares or financial instruments outside the Offer.
In accordance with what has previously been communicated, White Pearl has ensured that holders of share-related rights in Ayima Groups incentive programs, which were not included in the Offer, have been given fair treatment. White Pearl therefore offered to acquire the rights in Ayima Group at the same price as the Offer, 0,6 class B shares in White Pearl per right. All holders of such rights in Ayima Group accepted White Pearl’s offer to acquire the rights and payment of consideration for the rights has taken place.
Information about the Offer is available at: https://whitepearltech.com/public-offer/.
Advisors
Born Advokater is acting as legal advisor to White Pearl, and Aqurat Fondkommission AB is acting as issuing agent in connection with the Offer.
This information is such that White Pearl is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out below on 2024-04-11 22.30 CEST.