Bekken Invest finalizes mandatory cash offer for KMC Properties, increases stake

Bekken Invest has announced the final results of its unconditional mandatory cash offer to acquire all outstanding shares in KMC Properties not already owned by the offeror. The offer, priced at NOK 5.80 per share, had an acceptance period that expired on November 7, 2025.

The offeror received acceptances for 104,449 shares, representing approximately 1.85% of KMC Properties' issued share capital and voting rights. Following the settlement of these acceptances, Bekken Invest will increase its total shareholding in KMC Properties from 2,980,810 shares to 3,085,259 shares. This new holding represents approximately 54.72% of the total issued share capital and voting rights.

Settlement for shareholders who accepted the mandatory offer is scheduled to occur as soon as possible, and no later than November 21, 2025. Danske Bank and DNB Carnegie acted as financial advisors for the offer, with DNB Carnegie also serving as the receiving agent. Advokatfirmaet Thommessen provided legal counsel.