DNA Plc: Norwegian telecommunications company Telenor has announced it is buying 54 per cent of DNA’s shares

DNA OYJ STOCK EXCHANGE RELEASE  9 April 2019 at 10:36 am EEST

Norwegian telecommunications company Telenor Group has today announced it will acquire 54% of the shares in DNA Plc for EUR 20.90 per share in cash. Telenor has entered into separate agreements with DNA’s two largest shareholders, Finda Telecoms Oy and PHP Holding Oy, which hold 28.3% (37, 385,454 shares) and 25.8% (34,105,827 shares) of the shares in the company, respectively.

The transaction is subject to certain conditions, including the approval by the general meetings of the seller entities and required regulatory approvals. Finda Telecoms and PHP Holding’s general meetings are announced to be held on 6 May 2019.

Completion of the transaction will trigger a mandatory public tender offer for the remaining outstanding shares in DNA by Telenor. Telenor has announced that the cash consideration per share to be offered in the mandatory tender offer will be EUR 20.90. Subject to the outcome of the mandatory tender offer, Telenor has announced its intention to keep DNA’s listing on the Nasdaq Helsinki stock exchange. 

DNA’s operations will continue as normal and the transaction has no impact on our customers’ services.

Further enquiries:

Head of IR, Marja Mäkinen, DNA Plc, 2,

DNA Corporate Communications, tel. 0,