Caution AX Bidco AB Announces Final Result Of A Public Acquisition Tender For Axkid AB Shareholders (Public)

The correction refers to information about the bidder’s holdings of financial instruments other than shares in Axkid.

On December 14, 2020, SEB announced the private equity[1]Tony Kvist[2]Thomas Groom[3]Daniel Johansson[4]Eric Emmanuelson[5], Peter Shawn[6] And Daniel Lundgren[7], By Ax Bidco AB alert (“The viewer‘), A public acquisition offer for shareholders of Axkid AB (publ) (ExCaid), Upon acquisition of all outstanding shares of Axkid (“DisplayOn January 25, 2021, it was announced that the bidder had decided to increase the consideration in the bid from 14.50 SEK to 18.00 SEK in cash per share and that the acceptance period would extend until February 9, 2021. On February 11, 2021, the bidder announced that the bid was unconditional and that it would be done. Complete the offer and extend the acceptance period for the offer until February 22, 2021.

At the end of the extended and final acceptance period on February 22, 2021, the offer was accepted by shareholders with a total holding of 5,438,328 shares, equivalent to approximately 56.07 percent of the total number of shares outstanding and votes in Axkid.[8] In addition, prior to the publication of the proposal, the bidder entered into agreements with Tony Kvist, Thomas Brautigam, Daniel Johansson, Eric Emmanuelson, Peter Sean and Daniel Lundgren (”Management’‘) To acquire all 2,459,019 management shares in Axkid in exchange for shares in the bidder’s parent company in connection with the completion of the offer. All shares offered in the offering at the end of the final acceptance period, along with the shares acquired by the offeror from management, total 7,897,347 shares and correspond to approximately 81.4 percent of the total number of shares outstanding and votes in Axkid.

Payment for the shares that have been placed on the offer during the final acceptance period is expected to commence around March 1, 2021.

As mentioned in the press release for the tender from December 14, 2020 and the offer document published on December 15, 2020, the bid did not include guarantees issued by Axkid under the incentive programs. Instead, according to the Swedish corporate governance acquisition rules for certain trading platforms, bidders have offered incentive program participants to obtain these guarantees out of the bid. Through this separate offer of mandate holders, the bidder obtained all 650,000 guarantees issued under Axkid’s incentive programs.

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In addition to the above, the bidder does not own or currently control any shares or other financial instruments in Axkid that provide financial exposure to the shares in Axkid.

Information on the offer
Information about the bid is available on the bidder’s website (www.cautionbidco.se).

For more information, please contact:

Magnus Ramstrom, Director of Investment and Responsible for Nordic Investments at SEB Private Equity and Chairman of the Bidder Board
Phone: 070-368 84 14, Email: magnus.ramstrom@seb.se

___________________________

Caution Ax Bidco AB publishes this information in accordance with the Acquisition Rules. The information was submitted for publication on February 24, 2021, at 17.15 (CET).

important information

The Offer is not intended, in accordance with the terms in this press release, for persons whose participation in the Offer requires the preparation of an additional Offer Document, the registration procedure or any other action in addition to what is required by Swedish laws and regulations. This press release and other documents related to the offer will not be distributed and may not be published, distributed or otherwise sent within or in any country where any other action is required or where this is in violation of the laws or regulations of the show, the country. The bidder will not allow or approve any such action. Any attempt to accept an offer as a result of directly or indirectly violating these restrictions may be ignored.

The offer is not submitted and will not be made, either directly or indirectly, inside or through the mail or any other means of communication or assistance, whether of an intergovernmental nature or for foreign trade or through the national exchanges, Australia, Hong Kong. Kong, Japan, Canada, New Zealand, South Africa or the United States. This includes, but is not limited to, fax, e-mail, telex, telephone, internet or other forms of electronic transmission. The offer may not be accepted and shares in the Offer may not be transferred, in any way or by any means of communication or assistance within or from Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States, or by persons in Australia or Hong Kong. Kong, Japan, Canada, New Zealand, South Africa, or the United States, or residents. Consequently, this press release or any other documents related to the offer will not be published and will not be published, transmitted, distributed, forwarded, or forwarded to or within Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, the United States, or to persons from Australia. Or Hong Kong, Japan, Canada, New Zealand, South Africa, or the United States, or reside in, or reside in. Any attempt to transfer shares in the Offer that results directly or indirectly from the violation of these restrictions is null and any attempt to transfer the shares by a person located in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States or through an agent or trustee. Or another broker acting on a non-discretionary basis for a director providing instructions within or from Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States is invalid and will not be accepted. Anyone who owns shares and participates in the Offer will certify that he is not from Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, or the United States, or his participation or participation in it, not on a non-discretionary basis acting on behalf of the principal who belongs to the Offer from Australia Or Hong Kong, Japan, Canada, New Zealand, South Africa, or the United States. The bidder will not make any consideration under the bid to Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States.

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This press release has not been submitted and may not be sent to contributors who have registered addresses in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States. Banks, stock brokers, brokers, and other institutions that own shares registered in the name of persons in Australia, Japan, Hong Kong, Canada, New Zealand, South Africa or the United States may not forward this press release or any other documents related to the offering to such persons. For the purposes of this section, “the United States” means the United States of America, its territories and possessions (including Puerto Rico, the US Virgin Islands, Guam, American Samoa, the Wake Islands and the Northern Mariana Islands), every state within the United States of America and the District of Columbia. To the extent this press release contains forward-looking statements, such statements are not facts and are characterized by words such as “should,” “expected,” “believe,” “appreciate,” “intend,” “intend,” “assume,” and expressions. Similar. These statements express the current bidder’s intentions, opinions, expectations or assumptions, for example regarding the potential consequences of the offer for Axkid, for those shareholders of Axkid who choose not to accept the offer or the future financial results of Axkid. These forward-looking statements are based on current plans, estimates and expectations that the bidder has made to the best of his ability but that the bidder does not claim that it will be correct in the future. Forward-looking statements relate to risks and uncertainties that are difficult to predict and generally cannot be affected by the bidder. It should be borne in mind that actual events or results may differ materially from those covered by or expressed in such forward-looking statements.

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[1] As an exclusive investment advisor to SEB Private Equity Opportunity III Management SA, as a general partner and director of the SEB Private Equity Opportunity Fund III SCA and SICAV-SIF and as a director, among others, of the SEB Alternative Asset SA, SICAV-RAIF – SEB Private Equity Nordic Direct II SEK and SEB Alternative Asset SA, SICAV-RAIF – SEB Private Equity Nordic Direct II EUR.

[2] Founder and former board member of Axkid Corporation.

[3] Chairman of the Board of Directors of Axcade.

[4] Member of the Board of Directors and CEO of Axkid.

[5] Member of the Axkid Board of Directors.

[6] Member of the Axkid Board of Directors.

[7] Axkid senior executives.

[8] Axkid has traded 9,700,000 shares.

The following attachments are available for download:
Press release (PDF)

See the full press release and other news from this company at Cision News.
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