TAIPEI, Taiwan–(BUSINESS WIRE)–Regulatory Information:
Reference is made to the simplified tender supply which has been filed by TCC Group Holdings Co., Ltd (TCC or the Firm; TWSE: 1101) on 8 July 2024, with the French Autorité des marchés financiers (the AMF) (AMF discover no. 224C1129), by way of its oblique subsidiary Taiwan Cement Europe Holdings B.V., on the shares of NHOA S.A. (EURONEXT PARIS: NHOA.PA) (NHOA) on the value of EUR 1.10 per NHOA share (the Tender Provide).
On 19 August 2024, NHOA introduced that the advert hoc committee of its Board of Administrators expressed some reservations as to the equity of the EUR 1.10 value per NHOA share in money proposed by TCC and has subsequently requested it to specific its intentions relating to the Tender Provide.
The Board of Administrators of TCC has taken be aware of those reservations and, on this context, has accredited on 20 August 2024 the rise of the worth of the Tender Provide to EUR 1.25 per NHOA share.
The elevated value of EUR 1.25 per NHOA share represents a 114% premium over the closing share value as of 12 June 2024 previous to the announcement of the Tender Provide, in addition to premiums of 114%, 94% and 82% respectively in comparison with the volume-weighted common costs over the 60, 120 and 180 buying and selling days previous that date.
Accordingly, an up to date draft supply doc shall be filed with the AMF by mid-September 2024. The timing of the Tender Provide shall be tailored accordingly.
Discussions with the advert hoc committee of NHOA’s Board of Administrators and its advisors will resume on that foundation. Shareholders and potential traders of NHOA ought to proceed to train warning when dealing within the securities of NHOA, and if they’re in any doubt about their place, they need to seek the advice of their skilled adviser(s).
Disclaimer
This press launch has been ready for data functions solely. It doesn’t represent a suggestion to buy or a solicitation to promote NHOA shares in any nation, together with France. There isn’t a certainty that the simplified tender supply talked about above shall be opened. Below French legislation, the supply will not be opened till the AMF has issued a clearance resolution (déclaration de conformité). Any resolution regarding the supply should be based mostly completely on the knowledge contained within the supply documentation.
The dissemination, publication or distribution of this press launch could also be topic to particular laws or restrictions in sure international locations. The supply is not going to be addressed to individuals topic to such restrictions, both instantly or not directly, and won’t be accepted from any nation the place the supply can be topic to such restrictions. Accordingly, individuals in possession of this press launch are required to tell themselves about and to adjust to any native restrictions that will apply. The Firm declines all duty for any breach of those restrictions by any particular person in any respect.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20240820108685/en/
Press Workplace: Claudia Caracausi and Davide Bruzzese, Picture Constructing, +39 02 89011300, nhoa@imagebuilding.it
Monetary Communication and Institutional Relations: Chiara Cerri, +39 337 1484534, ir@nhoagroup.com
Supply: NHOA
