Mandatory public offer for all shares in Lexington
On 18 February 2022, it was announced that Manna & Co Oy (“Manna & Co”) acquired in total 4,069,044 shares in The Lexington Company AB (publ) (“Lexington”), corresponding to 68.1 percent of the total shares and votes in Lexington. On 8 March 2022, Manna & Co launched a mandatory public offer to Lexington’s shareholders.
The acquisitions Manna & Co made on 18 February 2022, for a consideration of SEK 36.00 per share, entailed an obligation for Manna & Co to launch a mandatory public offer for the remaining shares in Lexington. Such mandatory public offer to Lexington’s shareholders was launched on 8 March 2022. Helena Nordman-Knutsson, as the sole independent board member in Lexington’s board of directors, recommends the offer for acceptance by the shareholders in Lexington. A fairness opinion from BDO AB states that the offer is fair for Lexington’s shareholders from a financial perspective, based on and under the conditions set out in the fairness opinion. The fairness opinion and the statement by the independent board member are included in their entirety in the offer document published on 8 March 2022.
The acceptance period for the offer ended on 6 April 2022. Manna & Co now holds in total 5,820,601 shares in Lexington, corresponding to 97.4 per cent of the total number of shares and votes in Lexington.