The initial acceptance period of the voluntary and conditional public takeover bid launched by Saverex NV (the “Bidder”) for all shares and share options issued by Exmar NV (“Exmar” or the “Target”)) not already owned by it or persons affiliated with it (the “Bid”) ended on 6 July 2023. During the initial acceptance period, 17,335,548 shares in the Target, representing 29.14% of the outstanding shares in the Target, were tendered into the Bid. As a result, the Bidder would hold a total of 44,234,979 shares in the Target, representing 74.35% of the outstanding shares in the Target.

Taking into account the shares in the Target held by Nicolas Saverys (7,924 shares) and by Exmar (2,026,013 shares), the Bidder and persons affiliated with it together would hold 46,268,916 shares, representing 77.76% of the outstanding shares in the Target. The Bidder has decided to waive the 95% acceptance threshold, and has consequently decided to proceed with the Bid. The payment of the bid price for the shares offered during the initial acceptance period is scheduled for Thursday 27 July 2023. The Bidder has decided to voluntarily reopen the Bid from Monday 28 August 2023 to Friday 15 September 2023 at 16:00 (Belgian time). Shareholders who have not yet accepted the Bid will thus be able to accept the Bid during this second acceptance period.

Nicolas Saverys, representative of the bidder Saverex NV: “We are today announcing the results of the initial acceptance period following which Saverex and persons affiliated with it control nearly 78% of the capital of Exmar. We therefore reiterate our invitation to all shareholders to tender their shares during the reopening period of the takeover bid, i.e. between the 28th of August and the 15th of September 2023, as foreseen in the prospectus.”
Source: EXMAR