NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
"Latour has been the largest shareholder in Tomra since 2011 and we have experienced a strong growth journey. Looking ahead, Tomra is very well positioned for a greener and more sustainable society. By realizing a small part of the value increase, Latour will free financial resources for new investments. Latour will continue to act as the principal shareholder in Tomra with full support of Tomra's long-term strategy in the same way as before" says Johan Hjertonsson, CEO
The Share Sale will contribute to an increased liquidity and free float in the Tomra share.
The price per share in the Share Sale and the final number of shares to be offered to Norwegian and international institutional investors will be determined through an accelerated book-building process. The book-building process commences today,
Latour has agreed to a lock-up undertaking of 180 days in relation to the remainder of their shares in Tomra after the Share Sale, subject to customary exceptions or waiver by the Managers at the banks sole discretion.
Göteborg,
Johan Hjertonsson, President and CEO
For further information, please contact:
Johan Hjertonsson, President and CEO
Anders Mörck, CFO Latour, +46 706 46 52 11
IMPORTANT NOTICE
The minimum order and allocation has been set to a NOK equivalent of
The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Managers nor any of their affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in
https://news.cision.com/investment-ab-latour/r/latour-contemplates-to-divest-part-of-its-shareholding-in-tomra,c3121499
https://mb.cision.com/Main/487/3121499/1254605.pdf
(c) 2020 Cision. All rights reserved., source