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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Entra ASA    ENTRA   NO0010716418

ENTRA ASA

(ENTRA)
  Report
Real-time Quote. Real-time Oslo Bors - 01/18 10:28:32 am
192.8 NOK   +0.05%
02:50aENTRA : Flagging notification in Entra ASA
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01/07ENTRA : Castellum Launches Voluntary Takeover Offer for Entra
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Entra : Announcement regarding possible offer - receipt of alternative proposal

11/24/2020 | 07:45am EST

The board of directors (the "Board") of Entra ASA (the "Company") notes the recent announcement made by Samhällsbyggnadsbolaget i Norden AB ("SBB"). The Board confirms that it has received a non-binding proposal from SBB regarding a possible offer for the Company's shares (the "Potential Offer"). The offer described in the aforementioned announcement seems to be on substantially the same terms as set out in the Potential Offer. While there has been some contact between the parties, the announcement has been made without the consent of or in consultation with the Company and the Board.

The Board has, with the assistance of its advisors, considered the Potential Offer, including the financial terms presented therein. While the Board appreciates the interest in Entra, the Board has concluded, and already conveyed to SBB prior to the announcement, that the Potential Offer will not be recommended by the Board.

Further, the Company informs that it prior to today’s offer from SBB has received a separate non-binding proposal from another party that may or may not lead to an offer for the shares in the Company.

Shareholders are advised to refrain from taking any action in respect of their shares in the Company that may be prejudicial to their interests. In particular, the Board notes that any accumulation of shares by any party may impact the opportunity for other parties to engage, which may impact the possibility for maximizing the value of Entra for the shareholders.

The Board has engaged ABG Sundal Collier ASA and Wikborg Rein Advokatfirma AS as its financial and legal advisor, respectively.

There can be no certainty that any offer will be made or completed. Further announcement will be made when appropriate.'

For queries, please contact:

Siri Hatlen, Chair of the Board of Directors, + 47 91744863, siri.hatlen@gmail.com

Sonja Horn, CEO, +47 90568456, sh@entra.no

Anders Olstad, CFO, +47 90022559, ao@entra.no

 

Disclaimer

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachments

  • Download announcement as PDF.pdf

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2020 2 349 M 274 M 274 M
Net income 2020 1 785 M 208 M 208 M
Net Debt 2020 20 773 M 2 419 M 2 419 M
P/E ratio 2020 19,7x
Yield 2020 2,53%
Capitalization 35 115 M 4 087 M 4 089 M
EV / Sales 2020 23,8x
EV / Sales 2021 23,6x
Nbr of Employees 181
Free-Float 83,9%
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Technical analysis trends ENTRA ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 156,25 NOK
Last Close Price 192,80 NOK
Spread / Highest target -11,8%
Spread / Average Target -19,0%
Spread / Lowest Target -22,2%
EPS Revisions
Managers and Directors
NameTitle
Sonja Horn Chief Executive Officer
Siri Beate Hatlen Chairman
Kjetil Hoff Chief Operating Officer
Anders Landro Olstad Chief Financial Officer
Kjell Bjordal Vice Chairman
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