Cibus has entered into a binding agreement for the contemplated acquisition of Forum Estates - completion of the transaction remains subject to closing conditions

On 18 December 2024¹, Cibus announced that it contemplates to acquire all shares and a sufficient percentage of the subordinated loan receivables in Forum Estates, a Benelux-based owner and manager of grocery and daily goods properties with a portfolio of 149 properties and an underlying property value of approximately EUR 508 million. On 14 January 2025, Cibus' extraordinary general meeting resolved to authorize Cibus' board of directors to decide on an issue of new shares as consideration in connection with the Transaction.

Cibus has today, following approval by the board of directors, entered into a binding agreement to acquire Forum Estates with shareholders holding in total more than 65 percent of the shares in Forum Estates. Upon Cibus and the shareholders of Forum Estates entering into the binding agreement, Forum Estates' shareholders exercised the drag-along provision in Forum Estates' articles of association, which entails that Cibus will acquire 100 percent of the shares in Forum Estates.

The completion of the Transaction remains conditional upon customary closing conditions being fulfilled or waived by Cibus, including that lenders of a total of at least 90 percent of the outstanding subordinated loan receivables in Forum Estates undertake to contribute their receivables to Cibus. Contingent upon these closing conditions, completion of the Transaction is expected in the first quarter of 2025.

¹ For further information on the Transaction, please refer to Cibus' press release dated 18 December 2024; "Cibus announces its first step in continental Europe through the contemplated acquisition of Forum Estates, Benelux, with an underlying property value of approx. EUR 508 m".

For further information, please contact:

Christian Fredrixon, CEO
[email protected]
+46 (0)8 12 439 100

Pia-Lena Olofsson, CFO
[email protected]
+46 (0)8 12 439 100

This press release contains information that Cibus Nordic Real Estate AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time specified by Cibus' news distributor beQuoted at the time of publication of this press release.

Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high-quality properties in Europe with grocery retail chains as anchor tenants. The company currently owns about 500 properties in the Nordics. The largest tenants are Kesko, Tokmanni, Coop Sweden, S Group, Dagrofa, and Lidl.

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This announcement does not constitute a (public) offer to acquire or issue financial instruments, or any intention or publicity in relation thereto. Cibus does not intend to launch any public offer in relation to the contemplated transaction. Relevant investors will be contacted personally as part of a private offer. Any other investors are not allowed to participate in the negotiations in relation to the contemplated transaction. The sole purpose of this press release is to inform the market about the contemplated Transaction.

In the United Kingdom, this press release and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (within the meaning of Article 86(7) of the Financial Services and Markets Act 2000) who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) "high net worth entities" falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

This press release does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new shares. Any investment decision to acquire or subscribe for new shares Cibus must be made on the basis of all publicly available information regarding Cibus and its securities.

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Forward-looking statements

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