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Analyst Comment

Onni Bidco receives required number of shares in Innofactor and starts redemption procedure

By Joni GrönqvistAnalyst
Innofactor

Translation: Original published in Finnish on 11/18/2024 at 9:02 am EET.

Innofactor announced on Friday that the Onni Bidco consortium has received 94.25% of Innofactor's shares, exceeding the 90% redemption threshold. Onni Bidco Oy is to commence redemption proceedings without undue delay in accordance with Chapter 18 of the Companies Act. We understand that Onni Bidco will then apply for the delisting of Innofactor from the Helsinki Stock Exchange. 

To recap, Onni Bidco Ltd announced a public cash offer to acquire all shares in Innofactor in late July. Onni Bidco Oy consists of a fund managed by CapMan Growth, Innofactor's CEO Sami Ensio and his holding company and co-investor Osprey Capital Oy. The offer consideration was a cash payment of EUR 1.68 for each Innofactor share, representing a premium of +49% to the pre-offer closing price or a premium of 31% to the 6-month trading volume weighted average price.

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Forum discussions

The interest also arrived. In Nordnet, the interest was paid a day later than the undisputed portion of 1.68 EUR/share.
5/16/2025, 2:59 PM
by Tmpr2000
1
Innofactor’s undisputed share of €1.68 arrived in the account yesterday. The entire process is not yet over; the trusted man demands disclosure...
5/15/2025, 6:11 AM
by Critter
7
Risto Linturi’s Facebook post:(Bolding mine) "A long stint has concluded. Thanks to Sami Ensio for excellent cooperation, which will continue...
5/14/2025, 3:20 AM
by @TeemuHinkula
13
Inderes Innofactor Oyj:n tilinpäätöstiedote 2024 (IFRS) - Inderes Innofactor Oyj:n tilinpäätöstiedote 28.2.2025 klo 9.00 Konsernin tunnusluvut...
2/28/2025, 8:00 AM
by Ummon
4
Was it clear when the redemption matter will be finalized? I also received a letter, but after a quick read-through, I don’t remember.
1/20/2025, 12:54 PM
by salottisipuli
0
In arbitration, the rest will receive at least €1.68 per share, but the arbitral tribunal may order an even higher price, such as €1.86.
1/14/2025, 12:42 PM
by Critter
1
That’s how it is: the shares were sold at the offer price, and the increased offer coming in depended on the price doubling, as Ensio had drawn...
1/14/2025, 12:16 PM
by viljo
1
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