Vinda International (03331) and the offender ISOLA CASTLE LTD jointly announced that at 4:30 p.m. on March 11, 2024 (Monday), they have received valid acceptance of the offer issued by Essity GH for all of its approximately 621 million shares, accounting for approximately 51.59% of the company's issued share capital on the date of this announcement. As a result, condition (a) of the offer has been fulfilled.
On March 11, 2024 (Monday), all conditions of the offer were fulfilled, and the offer became unconditional in every respect. At 4:30 p.m. on March 11, 2024 (Monday), an offer of approximately 884 million shares (accepted shares) was effectively accepted, accounting for approximately 72.61% of the company's issued share capital on the date of this announcement.
According to Rule 15.3 of the Takeovers Code, an offer must remain open for acceptance for at least 14 days from the day it becomes unconditional in all respects. Unless the offeror subsequently amends or extends the offer in accordance with the Takeovers Code, the offer will continue to be admissible until 4:00 p.m. on April 2, 2024 (Tuesday) (that is, the first deadline), and the last date for sending payment checks for the amount due under the offer received on the first deadline will be April 12, 2024 (Friday).