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09/08/2023 08:10 AM

Duni Group’s comment on mandatory bid from Mellby Gård AB

On 14 August 2023, Duni AB’s (publ) (“Duni Group”) main shareholder Mellby Gård AB (“Mellby Gård”) announced that Mellby Gård has acquired shares in Duni Group, which means that Mellby Gård owns a total of 14,100,500 shares in Duni Group, corresponding to 30.00 percent of the shares and votes. As a result, the mandatory bid limit according to the Swedish Takeovers Act on the stock market was exceeded and today on 8 September 2023, Mellby Gård made a mandatory bid offer of SEK 96.80 per share to the shareholders of Duni Group (the “Offer”). The acceptance period for the Offer is estimated to commence on 12 September 2023 and expire around 10 October 2023. For further information, please refer to Mellby Gård's press release, https://mellby-gaard.se/en/duni-offer.

In order to handle questions regarding the bid, the Board has instructed the independent members of the Board to form an independent bidding committee, consisting of Pia Marions, Morten Falkenberg, Viktoria Bergman, Janne Moltke-Leth, Maria Fredholm and David Green. The Chairperson of the Board of Duni Group, Thomas Gustafsson, and the Board member Sven Knutsson have, due to their respective commitments in companies within the Mellby Gård group, conflict of interest and are not part of the bidding committee and will therefore not participate in handling or decisions related to the bid.

The committee will evaluate the bid and obtain a so-called fairness opinion. A statement on the Board’s attitude to the bid is intended to be submitted well in advance of the expiry of the applicable acceptance period according to the bid that was published.

For more information, please contact:
Magnus Carlsson, EVP Finance/CFO, +46 (0)40 10 62 00, magnus.carlsson@duni.com
Katja Margell, Director of IR and Communications, +46 (0)76 819 83 26, katja.margell@duni.com

Duni Group is a market leader in sustainable dining and food packaging solutions for the restaurant market. The Group markets and sells its products under primarily the brands Duni. BioPak and Paper+Design, which are represented in more than 40 markets. Duni Group has around 2,200 employees in 21 countries, its headquarters in Malmö and production units in Sweden, Germany, Poland, New Zealand and Thailand. Duni Group is listed on NASDAQ Stockholm under the ticker “DUNI”. Its ISIN code is SE0000616716. Dunigroup.com.