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2024-05-30 08:55:00 CEST 2024-05-30 08:55:00 CEST REGULATED INFORMATION Purmo Group Oyj - Inside informationINSIDE INFORMATION: Purmo Group Plc confirms receiving a preliminary non-binding indication of interest from HaierPurmo Group Plc | Inside Information | May 30, 2024 at 09:55:00 EEST The ad-hoc committee of the Board of Directors (“Committee”) of Purmo Group Plc (the “Company”) notes the article published on May 29, 2024, in Mergermarket information service and confirms that it has received a non-binding preliminary indication of interest (the “Indication of Interest”) from Haier Smart Home Co., Ltd. (the “Bidder”) to acquire the entire share capital of the Company for cash consideration. Pursuant to the Indication of Interest, the holders of C shares and F shares eligible for conversion into C shares would be offered a cash consideration of EUR 11.00 per share and the holders of F shares ineligible for conversion into class C shares a cash consideration of EUR 6.66 per share. According to the Indication of Interest, launching of a binding offer is subject to a number of conditions, including conducting a due diligence investigation, recommendation of the offer by the Board of Directors of the Company and other customary conditions. If announced, completion of any such offer would in turn be subject to further conditions, including approval by shareholders holding at least 90 per cent of the shares of the Company and receipt of all necessary regulatory approvals. The discussions with the Bidder are still at a very early stage. There is neither certainty that the Indication of Interest would lead to a binding offer nor on the terms and conditions of the possible binding offer. As the Bidder has not made any binding offer, the unanimous recommendation of the Board of Directors published by the Company on May 10, 2024, regarding the voluntary public cash tender offer made by Project Grand Bidco (UK) Limited, is still valid. The Company will comply with statutory requirements and the Helsinki Takeover Code issued by the Securities Market Association in handling the Indication of Interest and in contacts with the Bidder. The Company will release further information at an appropriate time if an agreement is reached with the Bidder in respect of a transaction or any discussions are terminated or abandoned. Investor and Media enquiries: Purmo Group Katariina Kataja Distribution: ABOUT PURMO |
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