Paxman AB Completes Recommended Takeover Bid for Dignitana AB

Strategic Insights -

Paxman AB (publ) has successfully completed its recommended takeover bid for Dignitana AB (publ), acquiring approximately 95.3 percent of the total number of shares and votes in Dignitana. The acquisition marks a significant milestone for Paxman, further expanding its presence in the industry. As of May 30, 2025, Paxman held a total of 76,791,938 shares in Dignitana, with the acceptance period extended until that date to accommodate remaining shareholders.

The outcome of the extended acceptance period showed that Paxman received additional acceptances from shareholders in Dignitana for 2,844,228 shares, corresponding to approximately 3.5 percent of the total number of shares and votes in Dignitana. Paxman will not extend the acceptance period further, and the payment of consideration for shares in the offer is expected to take place on or around June 10, 2025. The completion of the offer will result in a total increase in the number of shares in Paxman, with the share capital increasing by approximately SEK 2,360,916.

Key Takeaways:

  • Paxman AB's recommended takeover bid for Dignitana AB was completed on May 30, 2025, with the company acquiring approximately 95.3 percent of the total number of shares and votes in Dignitana.
  • The acceptance period was extended until May 30, 2025, to allow remaining shareholders to accept the offer.
  • 2,844,228 additional shares were accepted by shareholders in Dignitana during the extended acceptance period.
  • Paxman AB will hold a total of 76,791,938 shares in Dignitana, with a corresponding increase in the number of shares and votes.
  • The completion of the transaction will result in a 10.1 percent dilution effect for the total number of shares and votes in Paxman.
  • Paxman AB engaged Advokatfirman Delphi as legal advisor and Bergs Securities as financial advisor and issuing agent in connection with the takeover bid.
  • The share capital of Paxman will increase by approximately SEK 2,360,916 due to the completion of the transaction.

Statistics:

  • Paxman AB acquired approximately 95.3 percent of the total number of shares and votes in Dignitana after the completion of the takeover bid.
  • 2,844,228 shares were accepted by shareholders in Dignitana during the extended acceptance period, corresponding to approximately 3.5 percent of the total number of shares and votes.
  • The completion of the transaction will result in a total increase in the number of shares in Paxman, with the share capital increasing by approximately SEK 2,360,916.
  • The dilution effect for the total number of shares and votes in Paxman will be approximately 10.1 percent.

Sources:

  • Paxman AB, "Paxman AB completes recommended takeover bid for Dignitana AB", March 18, 2025.
  • Paxman AB, "Paxman AB's acquisition of Dignitana AB - extended acceptance period", May 8, 2025.
  • Paxman AB, "Paxman AB's acquisition of Dignitana AB - completion of the takeover bid", May 30, 2025.