Regarding announcement from Thon Gruppen AS of a voluntary cash offer
Regarding announcement from Thon Gruppen AS of a voluntary cash offer
The independent members of the Board of Directors (the "Independent Board") of Olav Thon Eiendomsselskap ASA (the "Company") refers to the announcement made by Thon Gruppen AS (the "offeror"), the Company's largest shareholder holding (together with Investhon AS) approx. 75,4 % of the Company's issued and outstanding share capital (the "Offeror"), on 12 November 2025 regarding its intention to launch a voluntary cash offer of NOK 335 per share in the Company as stated thereien(the "Offer").
Due to their affiliation with the Offeror, the chairman of the Company's board of directors, Kjetil Nilsen, board member Sissel B. Haga Thon, and deputy member Arne B. Sperre, have informed the Independent Board that they have recused themselves from participating in the Company's processing and consideration of the Offer by. Thus the Independent Board will consist of Line Norbye, Stig O. Jacobsen and Elisabeth Holvik.E6E Holding AS, a company controlled by Line Norbye, has pre-accepted the Offer
The Independent Board notes the Offeror's interest in increasing its ownership in The Company, and refers to the offer document for the Offer that is expected to be prepared and issued by the Offeror and approved by the Financial Supervisory Authority of Norway at a later stage, for the full termes of the Offer. This announcement is not a statement pursuant to the Norwegian Securites Trading Act section 6-16. Such a statement shall be published at the latest one week before expiry of the offer period pertaining to the Offer.
The shareholders are adviced to refrain from taking any action in respect of their shares in the Company which may be prejudical to their interests, and to exercise cation when dealing in the shares of the Company.
The Company has engaged Advokafirmaet BAHR AS in connection with the Offer.
For further comments, contact;
Line Norbye,
Board member of Olav Thon Eiendomsselskap ASA
+47 988 88 120