FCG Holding Sverige AB made a public tender offer to acquire Transcendent Group AB (publ) (OM:TRG) from Martin Malm, Magnus Juvas and Lars Vold-Andersen and other shareholders for approximately SEK 240 million on June 15, 2022. Under the terms, FCG will pay SEK 36.75 in cash for each share. The Offer price will not be increased. The acceptance period for the Offer is estimated to run from June 16, 2022, until around July 7, 2022, with reservations for possible extensions. The completion of the Offer is conditional on customary conditions, e.g. that FCG becomes the owner of shares representing more than 90% shares and, with respect to the Offer and completion of the acquisition, receipt of all necessary approvals from authorities being obtained on terms which, in FCG's opinion, are acceptable. FCG has reserved the right to waive these and other conditions in accordance with the Offer. The chairman of the Board of Transcendent, Martin Malm, Board member Magnus Juvas and chief executive officer, Lars Vold-Andersen, together representing approximately 64% stake in Transcendent, have irrevocably undertaken to accept the Offer regardless if a higher offer will be made. For the purpose of handling questions related to the Offer, the Board has instructed the independent Board members Sigrun Hjelmqvist, Ingrid Nordlund and Jan Palmqvist to form an independent bid committee to, on behalf of the Board, handle all questions related to the Offer. The board of Transcendent unanimously recommends the shareholders to accept the Offer.

Mats Lindqvist of Deloitte AB, Financial Advisory Arm acted as fairness opinion provider and KANTER Advokatbyrå KB acted as legal advisor to Transcendent. Jesper Schönbeck, Sofie Bjärtun, Jonas Bergström and Johan Wahlbom of Advokatfirman Vinge KB acted as a legal adviser to FCG Holding Sverige.

FCG Holding Sverige AB completed the acquisition of Transcendent Group AB (publ) (OM:TRG) from Martin Malm, Magnus Juvas and Lars Vold-Andersen and other shareholders on July 11, 2022. FCG Holding Sverige AB who after the settlement of the public tender offer will own over 90 percent of the shares and votes in Transcendent Group AB has informed the Board of Directors that FCG intends to initiate compulsory redemption of the remaining shares in Transcendent Group. Transcendent Group has resolved to apply for delisting of the Transcendent Group share from Nasdaq First North Premier Growth Market. the Board of Directors for Transcendent Group has also decided to convene an extraordinary general meeting to be held on August 5, 2022 in order to inter alia elect a new Board of Directors. On July 20, 2022, Transcendent Group AB has initiated compulsory redemption of the remaining shares in Transcendent Group. The last day of trading will be August 5, 2022. Transcendent Group AB (publ) has resolved to postpone the Extraordinary General Meeting to be held on August 5, 2022 to August 29, 2022.