NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA,
CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.
Oslo, 1 November 2022
Reference is made to the announcement dated 28 September 2022 by Visma Holding
Norge AS (the "Offeror" and together with the Visma group, "Visma") of the issue
of the offer document (the "Offer Document") and the start of the offer period
(the "Offer Period") for the recommended voluntary cash offer (the "Offer") to
acquire all outstanding shares (the "Shares") in House of Control Group AS (the
"Company") at an offer price of NOK 11.20 per Share. Reference is further made
to the announcement dated 31 October 2022 regarding the last day of the Offer
Period.
The Offer Period expired at 16.30 hours CET on 31 October 2022. As of the expiry
of the Offer Period and subject to final verification of acceptances, the
Offeror had received acceptances under the Offer for 55,858,296 Shares,
equivalent to approximately 97.83% of the share capital and votes in the
Company. Consequently, the closing condition for the Offer relating to minimum
acceptances, as set out under item 1.6 (i) of the Offer Document, is thereby
fulfilled.
As of the date of this announcement, the Offeror's is awaiting regulatory
approval, as set out under item 1.6 (iii) of the Offer Document. A separate
announcement will be made once the regulatory approval condition is concluded.
The Offer further remains subject to the following closing conditions being
fulfilled until settlement of the Offer:
- that the Company's board of directors has not amended, modified or withdrawn
its recommendation of the Offer