Announcement • Dec 05
Wilh. Wilhelmsen Holding ASA (OB:WWI) completed the acquisition of remaining 2.82% stake in Treasure ASA (OB:TRE) from Tallyman AS, Skipsreder Tom Wilhelmsens Stiftelse, Kiro Invest As, Fajoma Consulting AS, Thomas Wilhelmsen and Marianne Hagen.
Wilh. Wilhelmsen Holding ASA (OB:WWI) proposed to acquire remaining 2.82% stake in Treasure ASA (OB:TRE) from Tallyman AS, Skipsreder Tom Wilhelmsens Stiftelse, Kiro Invest As, Fajoma Consulting AS, Thomas Wilhelmsen and Marianne Hagen for approximately NOK 230 million on November 28, 2025. A cash consideration will be paid by Wilh. Wilhelmsen Holding ASA. As part of consideration, an undisclosed value is paid towards common equity of Treasure ASA. Upon completion, Wilh. Wilhelmsen Holding ASA will own 100% stake in Treasure ASA.
As of December 1, 2025, Wilh. Wilhelmsen Holding ASA had received additional acceptances of the Offer for 1,565,095 shares in Treasure ASA. As of December 2, 2025, Wilh. Wilhelmsen Holding ASA had received additional acceptances of the Offer for 3,000 shares in Treasure ASA. As of December 3, 2025, Wilh. Wilhelmsen Holding ASA had received additional acceptances of the Offer for 71,329 shares in Treasure ASA.
The expected completion of the transaction is December 4, 2025.
Arctic Securities AS acted as financial advisor for Treasure ASA.
Wilh. Wilhelmsen Holding ASA (OB:WWI) completed the acquisition of remaining 2.82% stake in Treasure ASA (OB:TRE) from Tallyman AS, Skipsreder Tom Wilhelmsens Stiftelse, Kiro Invest As, Fajoma Consulting AS, Thomas Wilhelmsen and Marianne Hagen on December 4, 2025. The offer period expired on December 4, 2025 and the Offer was accepted for a total of 3,067,599 shares, increasing the holding of Wilh. Wilhelmsen Holding ASA to 202,007,795 shares in Treasure ASA, representing approximately 98.67% of the outstanding shares and voting rights. The board of directors of Wilh. Wilhelmsen Holding ASA has resolved, to carry out a compulsory acquisition of all remaining shares in Treasure ASA not owned by Wilh. Wilhelmsen Holding ASA. The compulsory acquisition offer price will be NOK 39.50 per share in Treasure ASA, which corresponds to the offer price in the Offer. Settlement of the compulsory acquisition offer price will take place on or about December 12, 2025.
