Symrise has increased its shareholding in Probi to 30.03% which gives rise to an obligation to launch a mandatory public offer.

Probi has been informed that on 10 January 2014 Symrise AG (“Symrise”) acquired 11,010 shares in Probi AB (publ) (“Probi” or “the company”), which is listed on Nasdaq OMX Stockholm, whereby Symrise holds 2,812,505 Probi shares. Accordingly, Symrise’s shareholding in the company increased from about 29.91% of Probi’s share capital and voting rights to about 30.03% of the share capital and voting rights.

This entails that Symrise is obliged to make a public offer to acquire the shares held by all of the shareholders in Probi. Symrise announces that it intends to return within four weeks with a decision on any public tender offer pertaining to the remaining shares in the company. If such a mandatory offer is submitted, the price to be offered, according to Symrise, will be SEK 40.10 per share, corresponding to the highest price that Symrise has paid during the most recent six-month period.

Source: Probi