Readly

Information regarding the increased public cash offer by Tidnings AB Marieberg, a subsidiary of Bonnier News Group AB

On 5 December 2022, Bonnier News, a wholly-owned subsidiary of Bonnier News Group AB, announced a recommended public cash offer to the shareholders of Readly to tender their shares in Readly to Bonnier News (the “Offer”). On 11 January 2023, Bonnier News announced that the acceptance period was extended until 3 February 2023. On 26 January 2023, Bonnier News announced an increase of the price in the Offer to SEK 14.40 per share (the “Revised Offer”) and that the acceptance period was further extended to 9 February 2023. The total value of the Revised Offer, based on all outstanding 37,904,738 shares in Readly, amounts to approximately SEK 546 million.

Based on the above and consistent with its recommendation on 5 December 2022, the independent bid committee deems the Revised Offer to be fair from a financial point of view and unanimously recommends the shareholders of Readly to accept the Revised Offer.


For more information, please refer to Bonnier News information website relating to the offer,
www.offer-to-read.com.


Press releases
221205: Statement from the independent bid committee of Readly International AB (publ) in response to the public cash offer by Tidnings AB Marieberg, a subsidiary of Bonnier News Group AB

230127: Statement from the independent bid committee of Readly International AB (publ) in relation to the increased public cash offer by Tidnings AB Marieberg