NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTOAUSTRALIA ,CANADA ORJAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to the offer document dated19 February 2020 (the "Offer Document") regardingTencent Holdings Limited ("Tencent "), through the indirectly owned subsidiaryTencent Cloud Europe B.V. (the "Offeror") recommended voluntary offer for all the outstanding shares inFuncom SE ("Funcom ") against a settlement in cash ofNOK 17.00 per share (the "Offer"), and to the stock exchange notice made byFuncom on20 February 2020 . Furthermore, reference is made to the stock exchange notice made byFuncom on2 March 2020 regarding, inter alia, exercise of stock options. Following the exercise of stock options as of2 March 2020 , the total number of issued and outstanding shares inFuncom has been increased by 4,059,165 to 81,346,154, and the issued share capital ofFuncom isEUR 16,269,230.80 . Pursuant to the Offer Document section 4.2 and section 4.9, the Offeror hereby extends the period during which the Offer can be accepted ("Acceptance Period") to19 March 2020 at 16:30 hours CET. As a consequence of the extension, the settlement of the Offer will be postponed correspondingly, so that the settlement will be made within reasonable time after the Offeror announces that the conditions for Completion of the Offer (as set out in the Offer Document section 4.3) have been met or waived and in no event more than 10 (ten) Business Days after the date of such announcement. If the Acceptance Period is extended additionally (one or more times), the settlement date may be postponed accordingly. However, the last possible date for settlement will be 10 (ten) Business Days after the Long Stop Date which is15 April 2020 , i.e.29 April 2020 . The Offeror hereby irrevocably announces that it will not increase the offer price in the Offer, cf. the Offer Document section 4.2 and section 4.9. Other than set out above, there are no amendments to the terms of the Offer or the Offer Document. The acceptances already tendered will remain binding and there is no need for shareholders that have already accepted the Offer to take any action whether to confirm their acceptances or otherwise. The Offeror will give an update of the level of acceptances and its shareholding before theOslo Stock Exchange opens tomorrow17 March 2020 due to ongoing counting of received acceptances. As of the date of this announcement, the only outstanding remaining condition to the Offer is the acceptance level of 90% of the issued and outstanding share capital ofFuncom , see also the condition of "Minimum Acceptance" included in the Offer Document section 4.3. Subject to the acceptance level being satisfied or waived, and provided that no other conditions for completion are breached (see also the Conditions for Completion of the Offer in the Offer Document section 4.3), the Offer is therefore currently expected to be completed at the end of the Acceptance Period as adjusted. The Offeror maintains its right to further extend the Acceptance Period (one or several times), but not beyond15 April 2020 at 24:00 hours CET. The Offeror would like to point out, as further set out in section 5.9 of the Offer Document, that the Offeror will be exempted from making a mandatory offer pursuant to article 5:71 of the Dutch Financial Supervision Act, if the Offer: (i) has been declared unconditional, and (ii) the Offeror (upon the unconditional Offer) has more than 50% (fifty per cent) of the issued and outstanding Shares and voting rights in the Company. The complete terms and conditions for the Offer, including procedures for how to accept the Offer and detailed information regarding settlement, are set out in the Offer Document, with the amended Acceptance Period for the Offer as described herein. The Offer Document is, subject to regulatory restrictions in certain countries, available at www.dnb.no/emisjoner and www.funcom.com.J.P. Morgan Securities Plc is acting as financial advisor toTencent and the Offeror andDNB Markets , a part ofDNB Bank ASA , is acting as domestic financial advisor and receiving agent (retail@dnb.no, +47 23 26 81 01).Baker McKenzie and AGP Advokater AS (Norway ) are acting as legal advisors toTencent and the Offeror in connection with the Offer. AboutFuncom Funcom is an independent developer and publisher of computer and console games.Funcom was founded in 1993 and listed on theOslo Stock Exchange in 2005.Funcom became one of the pioneers of massively multiplayer online role-playing games ("MMORPG") whenFuncom released the PC game Anarchy Online. Over the course of its history,Funcom has developed and published around 30 game titles across several genres and gaming platforms. Currently,Funcom holds a broad portfolio of both released games and owned content, with high-degree control of its IPs.Funcom's key active game portfolio includes Conan Exiles, Mutant Year Zero, Secret World Legends, Conan Unconquered as well other games such as Age of Conan, Anarchy Online, The Park, Hide & Shriek and The Longest Journey. AboutTencent Tencent uses technology to enrich the lives of Internet users.Tencent's communications and social platforms, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient.Tencent's targeted advertising platform helps advertisers reach out to hundreds of millions of consumers inChina .Tencent's FinTech and business services support its partners' business growth and assist their digital upgrade.Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry.Tencent was founded inShenzhen, China , in 1998. Shares ofTencent (00700.HK) are listed on the Main Board of theStock Exchange of Hong Kong . Important information about this release This is a public announcement byTencent and contains inside information as meant in the European Market Abuse Regulation (596/2014) and the Norwegian Securities Trading Act section 3-2 and is further subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act. This announcement is for information purposes only and does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. The Offer Document contains further details regarding the Offer, and theFuncom shareholders are advised to review the Offer Document in detail. The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions.Tencent assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The Offer is subject to disclosure and procedural requirements of the Kingdom ofNorway , which are different from those inthe United States . In addition, the payment and settlement procedures with respect to the Offer will comply with the relevant Norwegian rules, which differ fromthe United States payment and settlement procedures. This release contains certain forward-looking statements within the meaning of the securities laws and regulations of various international, federal, and state jurisdictions. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the Offer, future plans and objectives ofFuncom , the Offeror orTencent Holdings Limited are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. THE OFFER WILL NOT BE MADE IN ANY JURISDICTION IN WHICH MAKING OF THE OFFER WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT DOES NOT IN ITSELF CONSTITUTE AN OFFER. THE OFFER WILL ONLY BE MADE ON THE BASIS OF THE OFFER DOCUMENT AND CAN ONLY BE ACCEPTED PURSUANT TO THE TERMS OF SUCH DOCUMENT
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