In total, Ener shareholders and warrant holders, including board members and senior management, representing approximately 35% of the diluted share capital have signed irrevocable pre-acceptances. Dana expects to shortly make a voluntary offer to all shareholders of Ener that would be subject to certain conditions. These conditions would include, inter alia, acceptance by shareholders and warrant holders of Ener holding at least 50.1% of the diluted share capital, completion of due diligence and all necessary regulatory and other third-party approvals.
A further announcement will be made in due course.
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