Delisting Announcement • May 15, 2025
Delisting Announcement
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Aurora Eiendom AS – Result in the conditional Cash Offer
Aurora Eiendom AS (AURA) (the “Company”) refers to earlier stock exchange announcements in connection with the proposed voluntary delisting from Euronext Growth, and the voluntary cash offer (the “Cash Offer”) launched in connection therewith, by certain shareholders (the "Offerors"), for all outstanding shares (the "Shares") in the Company not already owned by the Offerors (the “Offer Shares”), providing eligible shareholders an opportunity to sell its Shares in the Company as an alternative to continuing as owners in a private structure.
The offer period for the Cash Offer expired at 16:30 hours (Norwegian time) on 14 May 2025 (the "Offer Period"). Eligible shareholders have agreed to sell approx. 1.07 million Offer Shares (corresponding approx. 3.46% of the Company’s shares in issue) to the Offerors in the Cash Offer at NOK 86.83 per Offer Share, which corresponds to the volume weighted average price (VWAP) of the Company’s shares for the last 30 trading days prior to launch of the Cash Offer.
The completion of the Cash Offer is subject to (i) the Company’s annual general meeting, to be held on 15 May 2025, resolving to apply for the delisting, (ii) the board of directors of the Company resolving to apply for the delisting and to complete the Cash Offer, and (iii) the approval of Euronext Growth Oslo of the delisting (the “Conditions”).
Settlement in the Cash Offer, if the Conditions are fulfilled, is expected in June 2025.
Important notice:
The Cash Offer and the distribution of this announcement and other information in connection with the Cash Offer may be restricted by law in certain jurisdictions. Neither the Company, nor the Offerors, or the receiving agent, assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement is not an offer document and, as such, does not constitute an offer or the solicitation of an offer to subscribe to, acquire, or sell, shares. The Cash Offer will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any tender offer document or registration or other requirements would apply. This announcement contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the delisting, the Cash Offer, the Conditions, the Company or the Offerors, are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate, and actual results could differ materially from those anticipated in such statements.
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