On 24 July 2023, Goldcup 33244 AB (the “Offeror”) announced a public offer of SEK 3.53 in cash per share to the shareholders of BuildData Group AB (“BuildData”) (the “Offer”). The Independent Bid Committee has obtained a fairness opinion regarding the Offer. According to the fairness opinion, which is subject to the assumptions and considerations set out therein, the Offer does reflect a fair valuation of the Company.

 Background

Information regarding the Offer is available in the Offeror’s press release issued 24 July 2023, see https://news.cision.com/goldcup-33244-ab. An offer document is expected to be published by the Offeror on or around 23 August 2023. See also https://goldcup33244.se. The acceptance period for the Offer is expected to end on or around 21 September 2023.

Board members Stefan Charette, Gareth Burton, Erik Gabrielson, Mikael Näsström and Per Åkerman have a conflict of interest pursuant to Section II.18 of the takeover rules for certain trading platforms issued by the Swedish corporate governance board (the “Takeover Rules“) and have not participated and will not participate in the handling of or decisions regarding the Offer.

The independent bid committee of BuildData consists of Melanie Dawson, member of the board of directors of BuildData (the “Independent Bid Committee”). The Independent Bid Committee has engaged Eversheds Sutherland as legal advisor in connection with the Offer.

The Independent Bid Committee is not composed of a sufficient number of directors to constitute a quorum of the board of directors. Therefore, the Board will not issue a statement regarding the Offer pursuant to Section II.19 of the Takeover Rules.

Fairness opinion

The Independent Bid Committee has appointed Pareto Securities AB to issue an independent fairness opinion in accordance with the Takeover Rules. The fairness opinion is attached to this press release and is subject to the assumptions and considerations set out therein. According to the fairness opinion, Pareto Securities AB is of the opinion that the Offer does reflect the current underlying value in the BuildData and, therefore, a fair valuation of the Company. Pareto Securities AB will receive a fee for the assignment regarding the fairness opinion. The fee is independent of the conclusion of the Opinion and no part of the fee is contingent upon or related to the size of the consideration in the Offer, the acceptance level of the Offer or whether the Offer is completed or not.

 

BuildData Group AB

The Independent Bid Committee

For further information, please contact:

Melanie Dawson, the Independent Bid Committee of BuildData

By e-mail: info@builddata.se

About BuildData

BuildData Group AB is a SaaS provider within construction and property technology and is listed on Nasdaq First North Growth Market. Redeye AB is the Company’s acting Certified Adviser (Tel. +46 8 121 576 90, certifiedadviser@redeye.se www.redeye.se).