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Axactor

Axactor

Axactor SE - Acceptances received under mandatory offer

08:04 / 26 February 2021 Axactor Press release

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Reference is made to the mandatory offer dated 29 January 2021 (the "Mandatory
Offer") to acquire all shares in Axactor SE (the "Company") at an offer price of
NOK 8.00 per share, made by Geveran Trading Co. Limited, a company indirectly
controlled by trusts established by Mr. John Fredriksen for the benefit of his
immediate family ("Geveran").

On 25 February 2021, Geveran received acceptances under the Mandatory Offer for
27,151 shares, corresponding to approximately 0.00986% of the total registered
share capital and voting rights in the Company. Following this, Geveran has
received valid acceptances for in total 234,114 shares under the Mandatory
Offer, corresponding to approximately 0.08501% of the total registered share
capital and voting rights in the Company. Subject to final results and due
settlement of the shares for which acceptances are received, Geveran will own
122,251,886 shares, representing 44.39% of the total registered share capital
and voting rights in the Company. The foregoing percentages have been based on
275,395,464 issued shares in the Company (i.e. not including the 26,750,000 new
shares resolved to be issued (but not registered) by the Company on 23 February
2021).

Geveran is represented on the Board of Directors of the Company and, thus, is
considered a primary insider of the Company.

This notification has been submitted pursuant to section 4-2 of the Securities
Trading Act.
Oslo Børs

This information was distributed by Oslo Børs https://www.oslobors.no/