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SRH Investco AS - Preliminary result of the voluntary offer for shares in Saferoad Holding
Oslo, 14 June 2018: Reference is made to the stock exchange notices published on 24 May 2018 regarding the voluntary cash offer to acquire all issued and outstanding shares of Saferoad Holding ASA ("Saferoad") for NOK 30.10 per share (the "Offer ") made by SRH Investco AS ("SRH Investco"), a company indirectly controlled by FSN CapitalV (see footnote 1), and the offer document dated 24 May 2018 prepared in connection with the Offer (the "Offer Document").
Upon expiry of the offer period today at 16:30 (CET), SRH Investco had received acceptances under the Offer for 43,905,128 shares, representing approximately 65.9% of the total shares in Saferoad on a fully diluted basis. This number includes the 22,922,195 shares tendered by the shareholders that have provided pre-acceptances to accept the Offer. In addition SRH Investco will, subject to completion of the Offer, acquire the 19,480,645 shares under the conditional purchase agreement entered into with Cidron Triangle S.à r.l. In total, upon and subject to completion of the Offer, SRH Investco will acquire 63,385,773 shares in Saferoad representing approximately 95.1% of the total shares in Saferoad on a fully diluted basis..read more
Annual General Meeting 2018
Saferoad's annual general meeting was held on Wednesday 23 May 2018.
>> Click here to view the documents and minutes from the meeting
Road Safety is Saferoad’s largest business area. Our product portfolio consists mainly of road restraint systems, lighting columns, signs, work zone protection and road marking. We are an integrated solutions provider with capabilities to deliver the full spectrum of services, from design to installation, to our customers.
The Road Infrastructure business area operates under the ViaCon brand. Our product portfolio consists of soil steel bridges, pipes and culverts, geosynthetics and water and sewage. We offer products and solutions for subgrade construction, which refers to the process of stabilising and reinforcing the terrain.
For a safer life on the road
Every day, Saferoad develops products and solutions, creates modern road infrastructure solutions, educates road workers, installs safety products and secures roads and highways across Europe. These efforts contribute to a safer life on the road and to reducing the number of people seriously injured or killed in traffic accidents. Vision Zero is an integrated part of the Group's mind-set; zero serious injuries and zero fatalities in road traffic. Saferoad will continue to develop and deliver high-quality products and solutions that contribute to realising Vision Zero.