The offer shall be structured such that the shareholders are offered cash or promissory notes for a certain portion of their shares and new shares in Lindex Holding for their remaining shares.
The new shares in Lindex Holding shall give ownership to the same portion in Lindex Holding as the shareholder had in Lindex before the offer. The offer from Lindex Holding shall be subject to normal, waivable conditions, e.g. a 90 per cent acceptance level.
The transaction involves a recapitalisation of Lindex which according to the Board of Directors' opinion is in the interest of the company and shareholders.
The transaction also has the effect of a defensive action, as defined in Chapter 5 Section 1 of the Swedish Act on Takeover Bids, against Kapp Ahl's offer, which offer according to the Board of Directors does not reflect the full value of Lindex, and the resolution is thus an authorisation of such defensive action.
The proposal requires the support by more than half of the of votes cast in order for a resolution to be passed.
marketing@alchempro.com
