On 13 September 2023, Nordic Waterproofing Holding AB’s (“Nordic Waterproofing”) main owner Kingspan Holdings (IRL) Limited (“Kingspan”) announced that Kingspan has acquired shares in Nordic Waterproofing resulting in Kingspan owning shares which in total corresponds to 30.9 per cent of the shares and votes in Nordic Waterproofing. Thereby, the threshold for a mandatory offer in accordance with the Swedish Takeover Act was exceeded and today on 10 October 2023, Kingspan made a mandatory offer of SEK 160 per share to the shareholders of Nordic Waterproofing (the “Offer”). The acceptance period for the Offer is estimated to commence on or about 23 November 2023 and expire on or about 1 February 2024. For further information, please refer to Kingspan’s press release, Offer for Nordic Waterproofing Holding AB (investis.com).
The Board will evaluate the Offer and a statement on the Board’s opinion regarding the Offer is intended to be submitted well in advance of the expiration of the acceptance period for the Offer.