Inission AB (publ) (OM:INISS B) agreed to acquire a 19.57% stake in Enedo Oyj (HLSE:ENEDO) from Joensuun Kauppa Ja Kone Oy, Rausanne Oy, Soinitilat Oy and other shareholders for Ç5.5 million on July 1, 2022. Purchase price is of EUR 0.26 per share. Alternatively, Inission will also offer a share consideration whereby 0.086 new Inission Class B shares listed on Nasdaq First North Growth Market Stockholm are offered for each Enedo share validly tendered in accordance with the terms and conditions of the Offer.

Inission has sufficient financial arrangements in place to carry out the Offer as far as the offer consideration is paid in cash and the Board of Directors of Inission has been authorised by the Annual General Meeting of Inission to issue a sufficient number of new Class B shares in Inission to enable Inission to carry out the Offer also as far as the offer consideration is paid in new Class B shares in Inission. The tender offer will commence on September 8, 2022 and expire on September 29, 2022. Jonver Capital Oy acted as financial advisor to Inission AB (publ).

Bird & Bird Attorneys Ltd. acted as legal advisor to Inission AB (publ). Alexander Corporate Finance Oy acted as fairness opinion provider of Enedo Oyj.