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INISSION AB COMMENCES ITS MANDATORY PUBLIC TENDER OFFER FOR ALL SHARES IN ENEDO PLC
Enedo Plc
Enedo Plc

Enedo Plc / Stock Exchange Release 8 September 2022 at 12:15

INISSION AB COMMENCES ITS MANDATORY PUBLIC TENDER OFFER FOR ALL SHARES IN ENEDO PLC

Not to be published or distributed, directly or indirectly, in Australia, Canada, China, Hong Kong, Japan, New Zealand, Singapore, South Africa or in the United States or in any other jurisdiction where prohibited by applicable law.

Inission AB, a North European contract manufacturer listed on Nasdaq First North Growth Market Stockholm, has on July 1, 2022, notified that Inission AB has increased the ownership in Enedo to 80,43%. Inission AB has also earlier on August 1, 2022, notified that it has published the Mandatory public tender offer for all shares in Enedo Plc.

Inission AB has today notified that it commences its Mandatory public tender offer for all shares in Enedo Plc.

More information on the Offer and related transactions can be found in Inission AB’s release attached to this stock exchange release.

Enedo’s Board has on 5 September 2022 published its view of the Offer in accordance with the Finnish Securities Markets Act. Enedo's board of directors considers that the Offer and the amount of consideration offered for its shares are fair for Enedo's shareholders.

Olle Hulteberg, who is both Inission’s and Enedo’s Chairman of the Board, and Fredrik Berghel, who is both Inission’s and Enedo’s Board Member, have informed Enedo that they will not participate in Enedo’s Board work until the end of the tender offer process.

ENEDO PLC

Mikael Fryklund                                 
President and CEO

For further information please contact Mr. Mikael Fryklund, CEO, tel. +358 40 500 6864.

DISTRIBUTION

Nasdaq Helsinki Ltd

Principal media

About Enedo

Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo´s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo´s three main product categories are Led Drivers, Power supplies and Power Systems. In 2021 the group´s revenue was EUR 36,4 million. Enedo has 330 employees, and its main functions are located in Finland, Italy, Tunisia and USA. The group´s head office is in Finland and parent company Enedo Oyj is listed on Nasdaq Helsinki Oy.