Saga Pure ASA - Launch of Mandatory Offer by Saga Pure ASA to acquire all shares in S.D. Standard ETC Plc

About this update from S.d. Standard Etc Plc

Saga Pure ASANOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFULReference is made to the announcement made by Saga Pure ASA ("Saga" or the "Offeror") on 4 March 2025 regarding the Company's investment in S.D. Standard ETC Plc ("SDSD" or the "Company") and its intention to launch a mandatory offer for all remaining shares in SDSD (the "Mandatory Offer").The Norwegian Financial Supervisory Authority in its capacity as take-over supervisory authority in Norway has, pursuant to Section 6-14 of the Norwegian Securities Trading Act, reviewed and approved, on 4 April 2025, the offer document for the Mandatory Offer (the "Offer Document"). The terms of the Mandatory Offer are set out in the Offer Document.The main terms of the Offer are:Offer price: NOK 1.90 in cash per share in SDSD (the "Offer Price").Offer period: From and including 7 April 2025 to 5 May 2025 at 16:30 CEST, subject to extension at the sole discretion of the Offeror (the "Offer Period"). The Offer Period will in no event be extended beyond 19 May 2025.Settlement: In NOK, no later than two weeks after expiry of the Offer Period.Receiving agent: DNB Markets, a part of DNB Bank ASAThe Offer may only be accepted on the basis of the Offer Document, which will be distributed to the shareholders in SDSD as registered in Euronext Securities Oslo (the Norwegian Central Securities Depository, VPS) as of the last trading date before the date of the Offer Document, except for shareholders in jurisdictions where it may not be lawfully distributed.The Offer Document will, subject to regulatory restrictions in certain jurisdictions, be available at the webpage of Saga (https://www.sagapure.com/investor-relations). Saga will also publish a link on its website where private investors can access for acceptance of the offer by using Norwegian Bank-id. This is an alternative to the ordinary process by using distributed Acceptance Forms.Subject to regulatory restrictions in certain jurisdictions, the Offer Document may also be obtained free of charge during ordinary business hours at the offices of the receiving agent, DNB Bank ASA, Dronning Eufemias gate 30, 0191 Oslo, Norway.The Offer will not be made in any jurisdiction in which the making of the Offer wo...

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