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Reporting of transactions made by members of the Board of Directors or Executive Management or their Closely Associated Persons
Globenewswire· 2025-05-16 06:53
Group 1 - Svitzer Group A/S has received information regarding transactions made by members of its Board of Directors or Executive Management in connection with APMH Invest A/S' all-cash voluntary recommended purchase offer for all issued shares of Svitzer [1] - The offer excludes any Svitzer treasury shares and shares held by APMH Invest A/S, as detailed in the offer document published on April 2, 2025 [1] Group 2 - Svitzer is a leading global provider of towage and marine services, assisting large seaborne vessels in maneuvering in and out of ports and terminals [2] - The company operates approximately 450 vessels and serves around 2,000 customers in over 140 ports and 40 terminals across 37 countries [2] - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [2]
APMH Invest has announced completion of the all-cash recommended purchase offer for the shares in Svitzer
Globenewswire· 2025-05-16 06:01
Core Viewpoint - APMH Invest A/S has successfully completed its all-cash voluntary recommended purchase offer for Svitzer Group A/S, acquiring approximately 93.4% of the share capital and voting rights in Svitzer [2]. Group 1: Offer Completion - APMHI has announced that all conditions of the Offer have been satisfied, and the Offer is now complete [2]. - The Offer was made for all issued shares in Svitzer, excluding those owned by APMHI and any treasury shares [1]. - APMHI will hold approximately 93.4% of Svitzer's share capital and voting rights following the Offer [2]. Group 2: Settlement Details - The settlement of the Offer will be conducted in cash through shareholders' custodian banks, with the trading day for settlement expected to be May 16, 2025, and payment date anticipated on May 20, 2025 [3]. - Shareholders without a Danish bank account may experience delays in payment [3]. Group 3: Compulsory Acquisition and Delisting - APMHI will initiate a compulsory acquisition of shares held by remaining minority shareholders on May 23, 2025, as it will hold over 90% of Svitzer's share capital [4]. - The price per share in the compulsory acquisition will be DKK 277, which corresponds to the price paid in the Offer, adjusted for dividends [5]. - APMHI plans to remove Svitzer shares from trading on Nasdaq Copenhagen A/S before the compulsory acquisition, with the last trading day expected to be May 22, 2025 [6]. Group 4: Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports [7]. - The company operates around 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [7].
APMH Invest has announced the preliminary results of the all-cash recommended purchase offer for the shares in Svitzer
Globenewswire· 2025-05-15 06:12
Company Overview - APMH Invest A/S, a wholly owned subsidiary of A.P. Møller Holding A/S, has made an all-cash voluntary recommended purchase offer to acquire all issued shares in Svitzer Group A/S, excluding shares owned by APMHI and treasury shares [1] - Svitzer is a leading global towage and marine services provider, founded in 1833, operating approximately 450 vessels and serving around 2,000 customers in over 140 ports and 40 terminals across 37 countries [3] Offer Details - APMHI has received acceptances representing approximately 93.4% of the entire share capital and voting rights in Svitzer, based on preliminary results [2] - The final result and completion of the Offer are expected to be announced on May 16, 2025 [2] Industry Context - Svitzer's services are critical for port infrastructure, assisting large seaborne vessels in maneuvering in and out of ports and terminals [3]