Acquisition | GRAM CAR CARRIERS ASA | 17th July 2024
On May 27, 2024 SAS Shipping Agencies Services Sarl launched a recommended voluntary cash offer to acquire all outstanding shares of GRAM CAR CARRIERS ASA for a cash consideration of NOK 263.69 per share. At the end of the tender offer period on June 26, 2024, the Offeror has received acceptances under the Offer representing approximately 93.56 percent of the GRAM CAR CARRIERS ASA issued share capital. At the end of the extended offer period on July 1, 2024 the Offeror has received acceptances under the Offer representing approximately 97.71 percent of the GRAM CAR CARRIERS ASA issued share capital. On July 11, 2024 the Offeror has received regulatory approvals from the relevant authorities in Ukraine, Portugal and Japan. Consequently, the closing condition relating to Regulatory Approvals has been satisfied. The closing condition relating to Minimum Acceptance has, as previously announced, also been satisfied. Following completion of the Offer, the Offeror intends to carry out a compulsory acquisition of the remaining GRAM CAR CARRIERS ASA Shares. Following the compulsory acquisition, the Offeror will pursue a delisting of the GRAM CAR CARRIERS ASA Shares from the Oslo Stock Exchange. A separate stock exchange announcement will be published regarding the timing of the delisting. As the free float of GRAM CAR CARRIERS ASA is below 15 percent, Solactive AG will remove GRAM CAR CARRIERS ASA from the indices effective open July 17, 2024.
The treatment below will be applied to the following indices:
- GRAM CAR CARRIERS ASA will be removed from the Index.
- The weight of GRAM CAR CARRIERS ASA (GCC.OL) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 17/07/2024
Solactive ISS ESG Screened Nordics All Cap Index NTR
Solactive ISS ESG Screened Nordics All Cap Index PR
Solactive ISS ESG Screened Nordics All Cap Index TR
Solactive Global Shipping Index NTR
Solactive Global Shipping Index PR
Solactive Global Shipping Index GTR
Solactive Nordic Investable Market Index NTR
Solactive Nordic Investable Market Index PR
Solactive Nordic Investable Market Index TR
Solactive Norway Investable Market Index NTR
Solactive Norway Investable Market Index PR
Solactive Norway Investable Market Index TR
Solactive ISS ESG Screened Paris Aligned Nordic Index NTR
Solactive ISS ESG Screened Paris Aligned Nordic Index PR
Solactive ISS ESG Screened Paris Aligned Nordic Index TR
Solactive ISS ESG Screened Paris Aligned Norway Index NTR
Solactive ISS ESG Screened Paris Aligned Norway Index PR
Solactive ISS ESG Screened Paris Aligned Norway Index TR