Elmera Group ASA - Compulsory acquisition - approval of guarantee

By Oslo Stock Exchange

Finanstilsynet has approved the payment guarantee pursuant to the Securities Trading Act section 6-22 (3) no. 3 in connection with compulsory acquisition without a preceding mandatory offer. In this respect, Finanstilsynet has also considered the other relevant conditions for carrying out the compulsory acquisition without a preceding mandatory offer pursuant to section 6-22 (3) of the Securities Trading Act.

Fortum Consumer Solutions AS has resolved to effect a compulsory acquisition of the shares in Elmera Group ASA not already owned by Fortum Consumer Solutions AS, excluding treasury shares owned by Elmera Group ASA, pursuant to the Public Limited Liability Companies Act section 4-25.

The price offered under the compulsory acquisition is NOK 47 per share, which corresponds to the minimum offer price that would have applied in a mandatory offer from Fortum Consumer Solutions AS to the shareholders of Elmera Group ASA.

Attached is a copy of the payment guarantee issued by Nordea Bank Abp NUF for the benefit of the shareholders subject to the compulsory acquisition. The payment guarantee includes, among other things, information on the deadline for presenting claims under the guarantee, the address for delivery of claims and the documentation that must be submitted.

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