EssilorLuxottica : Update on mandatory public offer process
27 Juli 2021 - 8:00AM
EssilorLuxottica : Update on mandatory public offer process
Update on mandatory public offer
process
Charenton-le-Pont, France
(July 27, 2021 – 8:00 am
CEST) – On July 1, 2021 EssilorLuxottica issued a press
release announcing the acquisition of HAL’s interest in GrandVision
and the launch of a mandatory public offer (the
“Offer”) for the remaining issued and outstanding
ordinary shares in the share capital of GrandVision at an offer
price of Euro 28.42 per share.
Pursuant to Section 7 paragraph 2 of the Dutch
Decree on Public Takeover Bids (Besluit openbare biedingen Wft),
which requires a public announcement containing a status update
within four weeks following the announcement of a mandatory public
offer, EssilorLuxottica provides the following update.
EssilorLuxottica confirms that it is making
timely progress on the preparations for the Offer. EssilorLuxottica
will submit a request for review and approval of the offer
memorandum with the Netherlands Authority for the Financial Markets
(AFM) no later than September 23, 2021, which is the ultimate date
to submit the offer memorandum with the AFM for approval under the
Dutch bidding rules.
As announced on July 1, 2021 EssilorLuxottica is
able to fulfil its funding obligations under the Offer.
EssilorLuxottica intends to fund the Offer through readily
available cash resources. EssilorLuxottica may also utilize
existing committed credit lines that are available for general
corporate purposes.
CONTACTS
Head of Investor RelationsGiorgio IannellaE-mail:
ir@essilorluxottica.com |
Head of Corporate CommunicationsMarco
CatalaniE-mail: media@essilorluxottica.com |
DISCLAIMER
This is a press release by EssilorLuxottica S.A.
pursuant Section 7 paragraph 2 and paragraph 4 of the Dutch Decree
on Public Takeover Bids (Besluit openbare biedingen Wft). This
public announcement does not constitute an offer, or any
solicitation of any offer, to buy or subscribe for any
securities.
The Offer will be made for the ordinary shares
of GrandVision, a Dutch company with shares listed on Euronext
Amsterdam, and is subject to Dutch disclosure and procedural
requirements, which may be different from those of the United
States of America.
To the extent applicable, the Offer will be also
conducted in the United States in accordance with the applicable
provisions of Section 14(e) of the U.S. Securities Exchange Act of
1934 (the “Exchange Act”) and Regulation 14E
adopted under the Exchange Act, and subject to any available
exemptions provided by Rule 14d-1.
Neither the U.S. Securities and Exchange
Commission nor any securities commission of any State of the United
States of America has (a) approved or disapproved the Offer; (b)
passed upon the merits or fairness of the Offer; or (c) passed upon
the adequacy or accuracy of the disclosure in the offering
document. Any representation to the contrary is a criminal offense
in the United States of America.
This announcement is not for release,
publication or distribution, in whole or in part, in or into,
directly or indirectly, Canada, Japan, Australia or in any other
jurisdiction in which such release, publication or distribution
would be unlawful.
This press release may contain forward-looking
statements that reflect EssilorLuxottica’s current views with
respect to future events and financial and operational performance.
These forward-looking statements are based on EssilorLuxottica’s
beliefs, assumptions and expectations regarding future events and
trends that affect EssilorLuxottica’s future performance, taking
into account all information currently available to
EssilorLuxottica, and are not guarantees of future performance. By
their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future, and
EssilorLuxottica cannot guarantee the accuracy and completeness of
forward-looking statements. A number of important factors, not all
of which are known to EssilorLuxottica or are within
EssilorLuxottica’s control, could cause actual results or outcomes
to differ materially from those expressed in any forward-looking
statement as a result of risks and uncertainties facing
EssilorLuxottica. Any forward- looking statements are made only as
of the date of this press release, and EssilorLuxottica assumes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information or for any other
reason.
- DOWNLOAD PDF VERSION OF THE NEWS RELEASE
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