Kingspan Group PLC (Kingspan) announced on 7 March 2025 that Kingspan controls 98.14% of the total number of shares and votes in Nordic Waterproofing. The same day Kinsgpan initiated compulsory redemption of the remaining shares in the company and Nordic Waterproofing’s board of directors resolved to apply for delisting of the company’s shares from Nasdaq Stockholm.
Nordic Waterproofing Holding AB’s (publ) (“Nordic Waterproofing”) application for delisting of Nordic Waterproofing’s shares has now been approved by Nasdaq Stockholm.
Kingspan Holdings (IRL) Limited (“Kingspan”), which holds more than 90 per cent of the shares and votes in Nordic Waterproofing Holding AB (publ) (“Nordic Waterproofing”), has initiated compulsory redemption of the remaining shares in Nordic Waterproofing.
The Board of Directors of Nordic Waterproofing Holding AB (“Nordic Waterproofing” or the “Company”) unanimously recommends the shareholders of Nordic Waterproofing to accept the cash-based public offer submitted by Kingspan Holdings (IRL) Limited (“Kingspan”) today, on 4 February 2025.
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