Accountor Software has announced a voluntary recommended public cash tender offer for all shares and option rights in Heeros Plc

Accountor Software has announced a voluntary recommended public cash tender offer for all shares and option rights in Heeros Plc. The news was communicated to the market through a stock exchange release on 22 November 2024.

According to the stock exchange release, the offer values Heeros at EUR 5.58 per share, representing a premium of 52% compared to the closing price on 21 November 2024. The offer price values Heeros’ equity at EUR 30.7 million on a fully diluted basis.

The Board of Directors of Heeros has unanimously agreed that they will recommend that the shareholders of Heeros and the holders of the Option Rights accept the Tender Offer. The completion of the tender offer is expected to occur during the first quarter of 2025.

Jostein Vik, Chairman of the Board of Heeros and Partner at Viking Venture, comments on the Tender Offer:

– Accountor Software’s tender offer is a recognition of Heeros’ hard work and an opportunity to accelerate our strategy. This option provides Heeros’ customers with a broader range of solutions and enables even greater investments in product development. Heeros’ skilled employees will have new opportunities to grow professionally as well as continue to develop the business. The offer is attractive for shareholders.

Viking Venture has been an investor in Heeros since December 2022 through Viking Venture 27 AS.

You can read the full announcement to the stock exchange here.