Wilh. Wilhelmsen completes Treasure acquisition, begins compulsory buyout

Wilh. Wilhelmsen Holding ASA (WWI) has completed its cash offer for shares in Treasure ASA, securing 3,067,599 shares during the offer period which expired on December 4, 2025. This increased WWI's total holding to 202,007,795 shares, representing approximately 98.67% of Treasure ASA's outstanding shares and voting rights.

Following the increased ownership, Wilh. Wilhelmsen Holding ASA's board resolved to carry out a compulsory acquisition of all remaining shares in Treasure ASA not already owned by the company. This action, effective after market close on December 4, 2025, means WWI now owns all outstanding shares in Treasure ASA.

The compulsory acquisition offer price is set at NOK 39.50 per share, matching the initial cash offer. Settlement of this price is scheduled for on or about December 12, 2025. Former shareholders wishing to object to the offer price must do so by February 13, 2026.