LINK Mobility: Final results of AMM S.p.A acquisition
LINK Mobility (LINK) today announces the final results of the acquisition of AMM S.p.A (AMM), a mobile communications company in Italy.
Reference is made to stock exchange release on 31 May 2021 regarding closing of the acquisition of approximately 81.4% of the shares in AMM at EUR 2.40 per share, and a launch of a mandatory offer (the Mandatory Offer) for the remaining approximately 18.6% free float shares at EUR 2.40 per share and a voluntary offer (the Voluntary Offer) for the outstanding warrants in AMM at EUR 0.80 per warrant (the Mandatory Offer and the Voluntary Offer together, the Offers).
Based on the final result of the Offers, and shares purchased outside the Offers, LINK will hold a total of approximately 96.59% of AMM's share capital and approximately 71.29% of the outstanding warrants.
LINK will exercise the squeeze-out right pursuant to Italian rules in respect of the remaining ordinary shares in AMM not held by LINK at the closing of the Mandatory Offer, representing approximately 3.42% of AMM's share capital, at EUR 2.40 per share. The transfer of the remaining shares to LINK is expected to be effective as of 27 July 2021. The shares and warrants of AMM will be delisted from trading on AIM Italia as of 27 July 2021.
For further information, please contact
Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com
About LINK Mobility
LINK is one of Europe's leading providers of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME, and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 40,000 customer accounts globally and exchanges more than 10 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.