DNA PLC STOCK EXCHANGE RELEASE 4 September 2019 10:50 am (EEST)
DNA Plc announced on 9 April 2019 that the Norwegian telecommunications company Telenor ASA had announced that it will acquire 54% of the shares in DNA for EUR 20.90 per share in cash from Finda Telecoms Oy and PHP Holding Oy. On 21 August 2019, Telenor announced that the DNA share transaction has been completed, with the completion triggering the obligation to make a mandatory public tender offer for the remaining outstanding shares in DNA.
On 28 August 2019, Telenor’s wholly-owned subsidiary Telenor Finland Holding Oy has published the tender offer document and announced that the offer period was to start on 29 August 2019. The Offer period is estimated to end on 26 September 2019.
The Offeror announced today that it is supplementing the tender offer document concerning the Tender Offer with the statement of DNA's Board of Directors. The Finnish language version of the supplement published by the Offeror will be available on the internet at www.telenor.com/telenor-ostotarjous-dna and at offices of Skandinaviska Enskilda Banken AB (publ) Helsinki Branch. The English language version of the supplement will be available on the internet at www.telenor.com/telenor-offer-for-dna.
DNA's operations will continue as normal and the transaction has no impact on our customers' services
DNA Plc is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider. Our mission is to provide products and services that make our private and corporate customers' lives simple. As a telecommunications operator, DNA plays an important role in society by providing important communication connections and by enabling digital development. DNA was ranked as Finland's best place to work in 2019 in the Great Place to Work survey’s large companies category. In 2018, our net sales were EUR 912 million and our operating profit EUR 139 million. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For further information, visit www.dna.fi or follow us on Twitter @DNA_fi and Facebook.