Allgon applies for delisting from Nasdaq First North Growth Market
Publish Date: 15 February, 2021 20:00
The Board of Directors of Allgon AB (publ) (“Allgon”) has resolved to apply for delisting of the Allgon-shares from Nasdaq First North Growth Market (“First North”). The last day of trading in the shares on First North will be notified when Allgon has been informed thereof by Nasdaq.
On 22 December 2020, Bure Equity AB (publ) (”Bure” or the ”Offeror”) announced a public takeover offer to the shareholders of Allgon to tender all shares in Allgon to the Offeror for a consideration of SEK 13.50 for each share (the ”Offer”). On 5 February 2021, Bure announced that Bure will, upon settlement, hold 52,394,906 shares and votes in Allgon, corresponding to approximately 93.2 per cent of the total number of shares and votes in Allgon and that the Offer consequently would be completed.
Following the press release on 5 February 2021, Bure has requested that Allgon’s Board of Directors applies for the delisting of the company’s shares from First North. Bure has also requested a compulsory acquisition of the remaining shares pursuant to Chapter 22 of the Swedish Companies Act (2005:551).
Based on the above, the Board of Directors of Allgon has decided to apply for delisting of Allgon´s shares from First North. Such an application has today been made to Nasdaq. The last day of trading in the shares will be announced as soon as Allgon has been informed thereof by Nasdaq.
The information was submitted for publication, through the agency of the contact person set out below, at 20.00 CET on 15 February 2021.