Sanistål — M&A Activity 2022

Oct 24, 2022

ahl sell

Ahlsell Danmark ApS announces extension of the offer period for its public offer for the shares in Sanistål A/S

24 October 2022

Ahlsell Danmark ApS has decided to extend the offer period for its public offer for the shares held by ordinary shareholders in Sanistål A/S as regulatory approvals are still pending

Ahlsell Danmark ApS will extend the offer period until 24 November 2022 at 17:00 (CET)

In accordance with section 5.2 of the offer document dated 7 June 2022, Ahlsell Danmark ApS hereby announces its decision to extend the offer period until 24 November 2022 at 17:00 (CET). The decision is based on necessary regulatory approvals still being pending. Due to the transaction's close connection to Denmark, the Danish aspects of the transaction have been referred by the European Commission to be handled by the Danish competition authorities. This is considered a customary part of a competition approval for entities in markets as Ahlsell and Sanistål but it has made the process longer than initially expected. Ahlsell has not become aware of any issues that reduce the possibility for obtaining an approval in due course, and Ahlsell still expects to receive such approval.

Through purchases made during the offer period, Ahlsell Danmark ApS as of 21 October 2022 owns 584,708 shares in Sanistål A/S and section 3.5 of the offer document shall be amended accordingly.

Ahlsell Danmark ApS has been informed that on a preliminary basis acceptances have been received for 1,524,017 shares, equal to 12.78%, which together with shares already acquired and shares to be acquired by the Share Purchase Agreements with the Major Shareholders, totals approximately 93.17% of the shares.

Thus, if the offer becomes unconditional and is completed Ahlsell Danmark ApS expects to be able to compulsory acquire any other shares in Sanistål A/S.

All other terms and conditions of the offer are unchanged. Shareholders who have already accepted the offer do not need to take any further action.

The extension of the offer period and the terms hereof are set out in supplement III to the offer document which also includes a new acceptance form for ordinary shareholders.

The offer document and supplement III can be seen and downloaded at https://www.sanistaal.com/da/investor/investor.

Unless the offer period is extended again, Ahlsell Danmark ApS will announce the result of the offer no later than twenty-four (24) hours after expiry of the offer period.

For questions about this announcement, Ahlsell Danmark ApS or the Ahlsell Group, please contact Claes Seldeby, Group CEO, Ahlsell AB (publ), +46-8-685 70 00, claes.seldeby@ahlsell.se.

Brøndby, 24 October 2022

Ahlsell Danmark ApS

Ahlsell Danmark ApS, Abildager 24, DK-2605 Brøndby, Denmark
Company registration number 19541142

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Disclaimer

The offer is made neither directly nor indirectly in any jurisdiction where this would constitute a violation of the legislation within the jurisdiction in question. This announcement and other documents regarding the offer must not be sent, forwarded or distributed in any other way within a jurisdiction where this would constitute a violation of legislation within said jurisdiction, including in particular in the United Kingdom, the United States, Canada, Japan, Australia or South Africa. This announcement does not constitute an offer or invitation to sell or buy shares in Sanistál A/S. The offer is made solely on the basis of an offer document prepared and published by Ahlsell Danmark ApS which will contain the complete terms and conditions of the offer. Shareholders in Sanistál A/S are encouraged to read the offer document and any associated documents as these will contain important information on the offer.

Ahlsell Danmark ApS, Abildager 24, DK-2605 Brøndby, Denmark
Company registration number 19541142