Orkla ASA: Orkla completes the offer to acquire Kotipizza

Reference is made to the stock exchange releases on 22 November 2018 and 16 January 2019 regarding Orkla's tender offer to purchase all of the issued and outstanding shares in Kotipizza Group Oyj (« Kotipizza » and the " TenderOffer ").According to the final results of the Tender Offer, the...

London, 17/01/2019 (informazione.news - comunicati stampa - cibi e bevande)

Reference is made to the stock exchange releases on 22 November 2018 and 16 January 2019 regarding Orkla's tender offer to purchase all of the issued and outstanding shares in Kotipizza Group Oyj (« » and the " ").

According to the final results of the Tender Offer, the shares tendered in the Tender Offer, together with the total of 762,597 shares in Kotipizza acquired by Orkla through market purchases, represent approximately 98.59% of all the shares and votes in Kotipizza.

All conditions, including the condition related to Orkla achieving ownership of more than 90% of all shares and votes in Kotipizza, are now fulfilled. Thus, Orkla will complete the Tender Offer in accordance with its terms and conditions.

It is Orkla's intention to acquire all the shares in Kotipizza, and as such, Orkla will proceed with a subsequent offer period and compulsory redemption proceedings for the remaining Kotipizza shares. Orkla may purchase shares in Kotipizza during or after the offer period also in public trading on Nasdaq Helsinki or otherwise outside the Tender Offer.

Orkla ASA
Oslo, 17 January 2019

Håkon Mageli
Tel.: +47 928 45 828

Thomas Ljungqvist
Tel.: +47 48 25 96 18

Rabbe Wikström
Tel: +358 20785 4002

Tommi Tervanen
Tel: +358 207 716 743

Timo Pirskanen
Tel: +358 207 716 747