Orrön Power broadcasts a preliminary acceptance stage of 91 % within the public provide to the shareholders of Slitevind

THIS PRESS RELEASE IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED. SHAREHOLDERS NOT RESIDENT IN SWEDEN WHO WISH TO ACCEPT THE OFFER MUST MAKE INQUIRIES CONCERNING APPLICABLE LEGISLATION AND POSSIBLE TAX CONSEQUENCES. SHAREHOLDERS SHOULD REFER TO THE OFFER RESTRICTIONS INCLUDED IN THE SECTION TITLED “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE AND IN THE OFFER DOCUMENT.

On 1 August 2022, Orrön Power Holding AB, a wholly-owned subsidiary of Orrön Power AB (publ), (“Orrön Power” or the “Firm”) introduced a really helpful public provide to the shareholders of Slitevind AB (publ) (“Slitevind”) to tender all shares in Slitevind for SEK 125 in money per share (the “Supply”).

The preliminary acceptance interval of the Supply expired earlier at present on 23 August 2022. Completion of the Supply is conditional upon, inter alia, the Supply being accepted to such extent that Orrön Power turns into the proprietor of greater than 90 % of the shares in Slitevind (on a completely diluted foundation). A preliminary depend of obtained acceptances signifies that shareholders with an mixture shareholding of roughly 91 % of all shares in Slitevind have accepted the Supply. The ultimate depend remains to be ongoing, and the full variety of shares tendered through the preliminary acceptance interval of the Supply is predicted to be introduced on or round 24 August 2022.

Advisers
Orrön Power has engaged SEB Company Finance as monetary adviser, Gernandt & Danielsson Advokatbyrå as authorized adviser and Skeppsbron Skatt as tax adviser in reference to the Supply.

Additional info
For additional info, please contact:

Robert Eriksson
Director Company Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com

Jenny Sandström
Communications Lead
Tel: +41 79 431 63 68
jenny.sandstrom@orron.com

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That is info that Orrön Power is required to make public pursuant to the EU Market Abuse Regulation. The knowledge was submitted for publication, by the contact individuals set out above, at 18:45 (CEST) on 23 August 2022.

Orrön Power is an unbiased, publicly listed (Nasdaq Stockholm: “ORRON”) renewables firm inside the Lundin Group of Firms. Orrön Power has a portfolio of top of the range and money circulation producing belongings within the Nordics, with the monetary capability to fund additional progress and acquisitions. With a serious shareholder, administration and Board with a confirmed monitor report of natural progress, Orrön Power is in a novel place to create shareholder worth by the vitality transition.

Essential info
This press launch has been revealed in English and Swedish. Within the occasion of any discrepancy between the 2 language variations, the Swedish model shall prevail.

The Supply will not be being made to (and acceptance kinds won’t be accepted from or on behalf of) individuals domiciled in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the US, or whose participation within the Supply requires that further provide paperwork are ready or registrations effected or that another measures are taken along with these required underneath Swedish regulation (together with the Swedish Company Governance Board’s Takeover guidelines for sure buying and selling platforms), besides the place there may be an relevant exemption. For the aim of this press launch, “United States” refers to the US of America, its territories and possessions, any state of the US and the District of Columbia.

This press launch and another documentation associated to the Supply (together with copies of such documentation) should not be mailed or in any other case distributed, forwarded or despatched in or into any jurisdiction (together with, with out limitation, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the US) through which the distribution of this press launch or the Supply would require any further measures to be taken or can be in battle with any regulation or regulation in any such jurisdiction. Individuals who obtain this press launch (together with, with out limitation, banks, brokers, sellers, nominees, trustees and custodians) and are topic to the legal guidelines or laws of any such jurisdiction might want to inform themselves about, and observe, any relevant restrictions and necessities. Any failure to take action might represent a violation of the securities legal guidelines or laws of any such jurisdiction. To the extent permitted by relevant regulation, Orrön Power disclaims any duty or legal responsibility for any violations of any such restrictions and Orrön Power reserves the fitting to ignore any acceptance kinds whose submission constitutes a direct or oblique violation of any of those restrictions.

The Supply, the data and paperwork contained on this press launch will not be being made and haven’t been authorized by an authorised individual for the needs of part 21 of the UK Monetary Providers and Markets Act 2000 (the “FSMA”). Accordingly, the data and paperwork contained on this press launch will not be being distributed to, and should not be handed on to, most of the people in the UK besides the place there may be an relevant exemption. The communication of the data and paperwork contained on this press launch is exempt from the restriction on monetary promotions underneath part 21 of the FSMA on the premise that it’s a communication by or on behalf of a physique company which pertains to a transaction to accumulate daily management of the affairs of a physique company; or to accumulate 50 % or extra of the voting shares in a physique company, inside article 62 of the UK Monetary Service and Markets Act 2000 (Monetary Promotion) Order 2005.

Ahead-looking statements
Statements on this press launch referring to any future standing or circumstances, together with statements concerning future efficiency, progress and different development projections and different results of the Supply, are forward-looking statements. These statements might typically, however not all the time, be recognized by way of phrases corresponding to “anticipate”, “imagine”, “anticipate”, “intend”, “plan”, “search”, “will”, “would” or related expressions. By their nature, forward-looking statements contain threat and uncertainty as a result of they relate to occasions and rely upon circumstances that might happen sooner or later. There could be no assurance that precise outcomes won’t differ materially from these expressed or implied by these forward-looking statements resulting from a number of components, a lot of that are outdoors Orrön Power’s management. Any forward-looking statements on this press launch converse solely as of the date on which the statements are made and Orrön Power has no obligation (and undertakes no obligation) to replace or revise any of them, whether or not because of new info, future occasions or in any other case.

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