Ferd AS and Tjaldur Holdco II AS entered into an agreement to acquire the remaining 28.5% stake in Mintra Holding AS (OB:MNTR) from group sellers for approximately NOK 220 million on November 23, 2023. The shareholders of Mintra will receive a cash offer of NOK 3.50 per share. Prior to this transaction, Ferd and Tjaldur held a 71.5% stake in Mintra and upon completion of all remaining shares will hold 100% stake in it. The offeror intends to make a compulsory acquisition of the remaining shares in Mintra following the settlement of the offer. The offer is subject to customary conditions, including a minimum acceptance level of 90%, regulatory approvals, Mintra having obtained consents required from creditors under its bank financing agreements and no material adverse change having occurred. The offer will not be conditional on financing or further due diligence. The offer period will commence on November 29, 2023 and expire on December 13, 2023. The offer is expected to be completed during Q1 2024. As of December 13, 2023, subject to customary verification, the Offeror has received acceptances of the Offer for a total of 9,574,868 shares, representing ~4.3% of the outstanding shares and voting rights in the Company. Together with the 178,079,369 Mintra shares (~79.5%) that will be contributed to the Offeror in exchange for shares in the Offeror, a total of 187,654,237 shares, representing ~83.8% of the outstanding shares and voting rights in Mintra, are committed to be sold or contributed to the Offeror upon completion of the Offer. Based on the above, the Offeror has decided to waive the minimum acceptance condition under the Offer. The closing condition Regulatory approvals is expected to be fulfilled before year-end 2023 and the expiry of the extended Offer Period is on December 15, 2023. As of December 20, 2023, Norwegian Competition Authority has unconditionally approved the transaction contemplated by the Offer. In addition, the closing conditions "Minimum acceptance" and "Change of control consents under financing agreements" have been waived and satisfied, respectively. Settlement of the Offer is expected to take place on or about December 22, 2023. Settlement of the Offer will continue to be subject to the following conditions until the settlement of the Offer: "Ordinary conduct of business"; "No material adverse change"; and "No legal action".

Nordea Bank Abp, filial i Norge is acting as financial advisor to Ferd and Tjaldur in connection with the offer. Wikborg Rein Advokatfirma AS is acting as legal advisor to Ferd and Advokatfirmaet CLP DA is acting as legal advisor to Tjaldur.

Ferd AS and Tjaldur Holdco II AS completed the acquisition of remaining 28.5% stake in Mintra Holding AS (OB:MNTR) from group of sellers on December 22, 2023. On January 22, 2024. Following completion of the Block Purchase and the Share Contributions, Minerva will own 201,724,449 Shares, corresponding to ~90.11% of the Shares and votes of Mintra. Consequently, Minerva will obtain an ownership of more than 90% of the Shares and votes and is expected to resolve a compulsory acquisition of the remaining Shares. Subsequently, an extraordinary general meeting of Mintra is expected to resolve to apply for a delisting of the Shares from Euronext Growth.