DNA PLC STOCK EXCHANGE RELEASE 6 May 8:15 pm (EEST)
Norwegian telecommunications company Telenor Group announced 9th of April that it will acquire DNA's two largest owners', Finda Telecoms Oy and PHP Holding Oy's, shares of DNA Plc, in total 54% of the shares. Finda and PHP's general meetings approved the transaction 6th of May, 2019. The completion of the transaction is subject to regulatory approvals which Telenor expects to get during the third quarter of 2019.
Telenor's offer for DNA Plc was a EUR 20.90 cash consideration per share. Finda Telecoms Oy and PHP Holding Oy's ownership in DNA is 28.3% (37,385,454 shares) and 25.8% (34,105,827 shares) respectively.
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, +358 44 044 1262, marja.makinen@dna.fi
DNA Corporate Communications, +358 44 044 8000, communications@dna.fi
DNA 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 in both cable and terrestrial networks. 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.