Ellevio Group Announces Public Offer for Dala Energi Shares

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On April 2, 2024, the Ellevio group, along with its subsidiaries, announced a public offer to the shareholders of Dala Energi AB to tender all shares to Ellevio. The offer is priced at SEK 90 per share. The offer document, detailing the terms and conditions, has been published and is available in Swedish on Ellevio’s website.

The acceptance form for the offer is available in both Swedish and English on Ellevio’s website and SEB’s website. Pre-printed acceptance forms will be sent to shareholders whose shares are directly registered with Euroclear Sweden AB. Shareholders with nominee holdings will receive instructions from their nominees on how to accept the offer.

The acceptance period for the offer starts on April 5, 2024, and ends on June 28, 2024. If the offer is declared unconditional by around July 1, 2024, settlement is expected to begin on or around July 5, 2024. Ellevio has the right to extend the acceptance period and postpone the settlement date.

Ellevio has appointed ICECAPITAL as its financial advisor and Vinge as its legal advisor for the offer.

This press release contains important information and disclaimers. It clarifies that the offer is not being made to shareholders in Australia, Hong Kong, Japan, Canada, New Zealand, the United States, South Africa, or any jurisdiction where it would contravene laws or regulations. The press release also states that it is not an offer to purchase or sell shares and advises recipients to comply with applicable restrictions or requirements.

Overall, the Ellevio Group’s public offer for Dala Energi shares has been announced, and shareholders are provided with the necessary information for accepting the offer.

The Ellevio Group operates in the energy industry, specifically in the electricity distribution sector. As one of the largest electricity distribution companies in Sweden, Ellevio is responsible for delivering electricity to homes and businesses in their service area. Their subsidiaries play a crucial role in supporting their operations and expanding their reach within the industry.

The public offer to the shareholders of Dala Energi AB is part of Ellevio’s strategic growth plan. By acquiring Dala Energi, Ellevio aims to strengthen its position in the market and enhance its capabilities in serving customers. The offer price of SEK 90 per share reflects the value that Ellevio sees in Dala Energi and presents an opportunity for shareholders to benefit from this transaction.

In terms of market forecasts, the energy industry is expected to see continued growth in the coming years. With increasing demand for electricity, driven by factors such as population growth, urbanization, and the electrification of various sectors, companies like Ellevio are well-positioned to capitalize on these opportunities.

However, the industry also faces various challenges and issues. One significant concern is the need to transition to more sustainable and renewable energy sources. As the world becomes more focused on combating climate change, electricity distribution companies are under pressure to reduce their carbon footprint and promote clean energy alternatives. This transition requires substantial investments in infrastructure and technology, as well as a shift in the overall energy strategy.

Another issue that the industry faces is the aging infrastructure. Many electricity distribution networks are outdated and in need of modernization. Upgrading and maintaining the infrastructure is a costly endeavor that energy companies must address to ensure reliable and efficient electricity delivery to customers.

To stay updated with the latest developments in the energy industry and learn more about Ellevio’s operations, shareholders and interested parties can visit Ellevio’s website here. The website provides access to the offer document, acceptance forms, and other relevant information regarding the public offer for Dala Energi shares.

It is also worth noting that Ellevio has engaged ICECAPITAL as its financial advisor and Vinge as its legal advisor for the offer. These reputable firms will provide expertise and support throughout the transaction process, ensuring that all legal and financial aspects are properly addressed.

In conclusion, the Ellevio Group’s public offer for Dala Energi shares represents a significant move in the energy industry. With the offer announcement and the availability of important documents, shareholders have the necessary information to make informed decisions. As the industry continues to evolve, companies like Ellevio are taking steps to position themselves for growth and address the challenges and opportunities of the energy market.