TCEH’s Simplified Tender Offer for NHOA Shares: Reminder of the Terms
18 Novembre 2024 - 8:30AM
Business Wire
- Offer price at EUR 1.25 per NHOA share and conditional price
supplement of EUR 0.65 per NHOA share only if certain conditions
are met (the “Conditional Price Supplement”)
- Period of the simplified tender offer (the “Offer”):
from 7 November to 20 November 2024, without possible reopening of
the Offer at the end of the Offer, in accordance with applicable
regulation
- Implementation of a squeeze-out procedure within 3 months from
the closing of the Offer
Regulatory News:
NHOA (Paris:NHOA):
The offeror, TCEH, would like to remind the terms of the Offer
approved by the AMF on 5 November 2024 and opened since 7
November 2024. The Offer ends on 20 November 2024. It is
specified that as the Offer is made under the simplified procedure,
in accordance with the provisions of Articles 233-1 et seq. of the
AMF’s General Regulation, it cannot be reopened following the
publication by the AMF of the final result of the Offer.
The price of the Offer amounts to EUR 1.25 per NHOA share and
only if certain conditions are met, as more precisely detailed in
the offeror’s offer document, approved by the AMF under visa
n°24-461 dated 5 November 2024, shareholders who have tendered
their NHOA shares to the Offer, or, where applicable, whose shares
are transferred to the offeror as part of the squeeze-out, will be
entitled to a Conditional Price Supplement of EUR 0.65 per NHOA
share.
Shareholders and potential investors of NHOA are encouraged to
read the details of the conditions set forth in Section 2.2.1(B) of
TCEH’s offer document and exercise caution when dealing in NHOA
securities.
TCEH intends to request the AMF to implement a squeeze-out
procedure within 3 months from the closing of the Offer.
The offer document of TCEH and the information relating in
particular to the legal, financial and accounting characteristics
of TCEH are available on the websites of the AMF
(www.amf-france.org), of TCC Group Holdings Co., Ltd
(www.tccgroupholdings.com/en/) and NHOA (www.nhoagroup.com), and
may be obtained free of charge from Crédit Agricole Corporate and
Investment Bank (12 place des Etats-Unis- CS 70052 - 92547
Montrouge Cedex).
Disclaimer
The Offer is being made exclusively in France.
This press release (the “Press Release”) was prepared for
information purposes only. This Press Release does not constitute
an offer or part of an offer to sell, purchase or subscribe for any
securities and it shall not be considered as constituting any
solicitation of such an offer.
This Press Release may not be distributed in countries other
than France, subject to the publication of this Press Release on
TCC’s and NHOA’s websites pursuant to applicable regulations.
The dissemination of this Press Release, the Offer and its
acceptance may be subject to specific regulations or restrictions
in certain countries. The Offer is not made for persons subject to
such restrictions, neither directly nor indirectly, and may not be
accepted in any way from a country where the Offer would be subject
to such restrictions. Consequently, persons in possession of this
Press Release shall inquire about potential applicable local
restrictions and comply with them.
TCEH and TCC will not be liable in the event of any breach of
the applicable legal restrictions by any person.
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