Aneo has completed its recommended public cash offer and now controls approximately 92.8% of the shares and votes in Arise, and intends to initiate compulsory redemption of the remaining shares while extending the acceptance period until 15 January 2026 for residual shareholders. Following this, Arise has applied for delisting from Nasdaq Stockholm at the request of its majority shareholder. An extraordinary general meeting will be held on 29 January 2026 to appoint a new Board of Directors. The delisting is expected to take effect after Nasdaq Stockholm approves the application, with the final trading day to be communicated once approval is granted. Given the high ownership level and clear path toward delisting, we view acceptance of the offer as the most prudent option for remaining shareholders.
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