On September 4, the bidder G2 Acquisition made a takeover bid for the verification solutions company Zignsec. The bid is SEK 1.38 per share and SEK 1.13 per warrant TO 1.
As of October 17, the offer has been accepted by shareholders representing 79.69 percent of the capital and votes in the company, as well as holders of 7.69 percent of the warrants TO 1. This is stated in a press release.
The bidder has decided to extend the acceptance period until November 6 to give shareholders who have not yet accepted the offer an opportunity to do so. The bidder continues to aim for an ownership of more than 90 percent of the shares in Zignsec.
Furthermore, the bidder has decided that the price of SEK 1.38 per share in the offer will not be increased. Consequently, a price of SEK 1.38 per share is the maximum price that will be paid in connection with the offer.
Payment of consideration regarding shares tendered in the offer will take place as soon as possible after an announcement from the bidder that the bid will be completed. Provided that such an announcement is made no later than November 8, payment is estimated to commence around November 14.
On September 4, the bidder G2 Acquisition made a takeover bid for the verification solutions company Zignsec. The offer is SEK 1.38 per share and SEK 1.13 per TO 1 warrant. On October 17, the offer was accepted by shareholders representing 79.69 percent of the company’s capital and votes, as well as 7.69 percent of the TO 1 warrants. This is stated in a press release. The bidder has decided to extend the acceptance period until November 6, so that shareholders who have not yet accepted the offer would have the opportunity to do so. The bidder still aims for more than 90 percent ownership of Zignsec’s shares. Furthermore, the bidder has decided that the offer price of SEK 1.38 per share will not be increased. Thus, the price of SEK 1.38 per share is the highest price to be paid in connection with the offer. For the shares presented in the takeover bid, the consideration will be paid as soon as possible after the bidder has announced the completion of the bid. Provided that such a publication takes place by November 8 at the latest, payment is estimated to begin around November 14.