Self Storage Group

M&A Activity • Mar 15, 2022

Contemplated offer to acquire shares in Self Storage Group ASA

Contemplated offer to acquire shares in Self Storage Group ASA

On behalf of Centerbridge Partners Europe LLP (the “Buyer”), Arctic Securities AS (the “Manager”) is mandated to explore the opportunity to acquire up to 3,000,000 existing shares in Self Storage Group ASA (“SSG” or the “Company”), (equal to approximately 3.2 per cent of the share capital in SSG), but with the possibility for the Buyer at its full discretion to modify the number of shares to be acquired (the “Offer”). The Buyer is today the Company's largest shareholder and is closely related to primary insider in Self Storage Group ASA, Steven J Skaar.

The Offer is carried out through a book building process. The Manager will gather and accumulate sales orders from existing shareholders. All existing shareholders are invited to offer shares at a price levels defined by the selling shareholder. For all selling shareholders the purchase price will be set at a level representing a satisfactory price and offering volume. The purchase price will be identical for all selling shareholders.

The book building process commences immediately, and will close no later than 16 March 2022 at 08:00 CET. The book building period can be closed earlier or extended at the Manager’s own discretion. If an acquisition is to be completed, pricing and allocation will follow shortly thereafter. Allocation will be made 16 March 2022 and settlement will take place on 18 March 2022.

The Buyer reserves the right to terminate the Offer or make any amendments with regard to the volume or other terms of the Offer.

For shareholders wishing to participate in the Offer, please contact Arctic Securities AS at phone: +47 22 93 72 42 / +47 22 93 72 41 / +47 21 01 32 69.