In parallel, the Board also evaluated additional strategic alternatives, including extending on-market share buy-back programmes, larger capital returns to shareholders, and considering asset disposals or significant sale and leaseback arrangements. -- On 15 July 2025, the Board unanimously recommended a cash offer by Pandox Ireland Tuck Limited (Bidco) a newly-incorporated company wholly-owned by Pandox AB ("Pandox") and Eiendomsspar AS ("Eiendomsspar", and together with Pandox and Bidco, the "Consortium") for the entire issued and to be issued share capital of Dalata (other than Dalata Shares in the beneficial ownership of Bidco) (the Acquisition), to be implemented by way of a Scheme of Arrangement under Chapter 1 of Part 9 of the Irish Companies Act 2014 (the Scheme). -- Under the terms of the Acquisition, Dalata Shareholders will be entitled to receive EUR6.45 in cash per Dalata Share.