The exchange ratio between the parties has been maintained through the final negotiations. Pursuant to the transaction agreement, Codfarmers shall accordingly offer one share in Codfarmers for 40.3761 shares in ACF.
The board of directors of ACF has resolved to recommend the offer to the ACF shareholders and ACF shareholders representing around 91% of the ACF shares have undertaken to accept the offer.
The parties expect that the document for the offer will be distributed to the ACF shareholders on or about 7 September and that the offer period will expire on or about 14 September.
Completion of the offer will be subject to:
The parties expect the transaction to be completed in the second half of September.
Source: Codfarmers ASA
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