Announcement • Dec 08
BW Sirocco Holdings AS (Offeror)completed the acquisition of 84.7 % stake in BW Ideol AS (OB : BWIDL). BW Sirocco Holdings AS (Offeror) made a recommended voluntary offer to acquire a 84.7 % stake in BW Ideol AS (OB : BWIDL) on November 9, 2023. Under the terms, eligible shareholders of BW Ideol will be offered a cash offer price of NOK 12 per Share and shares on 1:1 basis. The board of directors of BW Ideol (excluding its members having a conflict of interest with respect to the Offer) (the "Board") have unanimously resolved to recommend the shareholders of BW Ideol to accept the Offer. Transaction is subject to approval of regulatory board. The offer period is expected to commence on or about 14 November 14, 2023, following registration of the Offer Document with the Norwegian Register of Business Enterprises, and end on November 28, 2023. Following the completion of the Offer, the Offeror intends to carry out a compulsory acquisition to acquire the remaining Shares.Danske Bank, Norwegian Branch, is acting as financial advisor to the Offeror and receiving agent for the Offer. Advokatfirmaet Thommessen AS is acting as legal advisor to the Offeror. Carnegie AS is acting as financial advisor to the Board.BW Sirocco Holdings AS (Offeror)completed the acquisition of 84.7 % stake in BW Ideol AS (OB : BWIDL) on December 7, 2023. The Offeror intends to exercise its right of compulsory acquisition. The Offeror hereby announces that Offer has been completed, and that the settlement of the Offer has been made in accordance Settlement of the Cash Consideration) and Settlement of the Consideration Shares. Following the Settlement, and as of today, the Offeror holds in total 30,000,561 Shares, representing 95.21% of the Shares in BW Ideol. As on December 8, 2023, BW Sirocco Holdings AS announces exercise of the right of compulsory acquisition of the remaining shares in BW Ideol AS. Announcement • Nov 10
BW Ideol to Apply Oslo Børs for the Delisting of its Shares from Euronext Growth BW Sirocco Holdings AS (the "Offeror") announced a recommended voluntary offer to acquire all issued and outstanding shares (the "Shares") in BW Ideol AS ("BW Ideol" or the "Company") not already held by the Initiating Shareholders (as defined below), at an offer price of NOK 12 per Share (the "Offer Price"), to be settled in cash or shares in the Offeror (the "Offer"). Following the completion of the Offer, the Offeror intends to carry out a compulsory acquisition to acquire the remaining Shares, and the Offeror will propose that the general meeting of the Company resolves that the Company shall apply to Oslo Børs for the delisting of the Company's Shares from Euronext Growth. Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: €5.17m (loss widened 55% from 3Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Construction industry in Norway. 
