Aureit Holding Oy has now acquired in total over 24.4 million Hoivatilat shares, comprising 95.9% of all issued and outstanding shares and votes in the company. Aureit Holding Oy will as soon as practicable initiate arbitration proceedings in order to redeem all issued and outstanding shares held by any remaining minority shareholders in Hoivatilat.

At the end of Q2/2019, the value of the property portfolio of Hoivatilat Plc amounted to some EUR 400 million. The majority of the portfolio is located in Finland, but in 2019, Hoivatilat also started its operations in Sweden.

According to the final result of the Tender Offer, the Shares which have been validly tendered (and not validly withdrawn) during the Offer Period represent 90.0% of all outstanding shares and votes in Hoivatilat, comprising together with the Hoivatilat shares held by the Offeror at the date of this stock exchange release 95.9% of all outstanding shares and votes in Hoivatilat. As the final result of the Tender Offer exceeds the Minimum Acceptance Condition and all other conditions to completion of the Tender Offer have been fulfilled or waived by the Offeror, the Offeror will complete the Tender Offer in accordance with the terms and conditions of the Tender Offer.

Commenting on the final result, Stefaan Gielens, CEO of Aedifica:

"Aedifica is delighted with the final result of the Tender Offer and welcomes Hoivatilat within the Aedifica group. Hoivatilat and its team show a great track record of value creation in the Nordics and we believe that, next to opening the Nordics healthcare real estate markets for Aedifica, Hoivatilat’s build-and-hold model will add a new dimension to Aedifica’s growth story."

The sale and purchase of the Shares with respect to all shareholders who have validly accepted the Tender Offer during the Offer Period will be executed on or about 10 January 2020 and the completion trades of such Shares will be settled and the Offer Price will be paid in accordance with the terms and conditions of the Tender Offer on or about such date. The actual time of receipt of the payment will depend on the schedules of money transfer between financial institutions.