On February 19, 2020, Sterner Stenhus Förvaltning announced a public cash offer to the shareholders of Solnaberg Property to transfer all their shares in Solnaberg to Sterner Stenhus for SEK 144.0 per share. The offer document relating to the offer was published on February 19, 2020. Supplement to the offer document was published on February 27, 2020. The acceptance period in the offer expired on March 12, 2020.
Accepted offers in the offering at the end of the acceptance period on March 12, 2020 amount to 48,048 shares in Solnaberg, which represents 1.28 percent of the share capital and the total voting rights in Solnaberg. Bidders have acquired 1353 shares in Solnaberg outside the offer. In addition, the bidder does not own or control any shares in Solnaberg and does not hold any financial instruments that provide a financial exposure to Solnaberg's share.
The offer was conditional, among other things, on the fact that it is accepted by so many shareholders that the bidder becomes the owner of more than 70 percent of the shares in Solnaberg. This condition of completion is not fulfilled and the Offer will not be fulfilled and thereby terminated.