KMC Properties board backs Bekken Invest offer as liquidity option

The KMC Properties ASA board has recommended Bekken Invest AS's mandatory cash offer of NOK 5.80 per share as a reasonable liquidity alternative for shareholders. This recommendation follows Bekken Invest's acquisition of shares on September 16, 2025, triggering a mandatory offer obligation.

While the board considers the NOK 5.80 offer a fair standalone valuation based on current operations, it notes that the price does not necessarily reflect potential strategic alternatives, including a contemplated merger with BEWI Invest AS. The offer price implies a 20% discount to the closing price on September 16, 2025, and values KMCP's equity at NOK 28.7 million.

KMCP’s activities are limited to administering a listed holding company, with no employees except an interim chief executive after divesting operating activities in July 2024. The board does not anticipate negative consequences for employees from the offer and affirms Bekken Invest's intention to maintain KMCP's Euronext Oslo Børs listing.