Communiqué: Announcement of the final results of the public takeover bid for Orange Belgium
06 Mai 2021 - 11:10AM
Communiqué: Announcement of the final results of the public
takeover bid for Orange Belgium
Press releaseParis, 6 May 2021
NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA,
AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION WOULD BE ILLEGAL
Announcement of the final results of the public takeover
bid for Orange Belgium (the "Offer")
Following the voluntary reopening of the Offer, which began on
April 28 and ended on May 4, 14,368,307 Orange Belgium shares in
total were tendered to the Offer, representing 23.94% of the share
capital of Orange Belgium and 50.97% of the total number of shares
targeted by the Offer.
Payment of the Offer price for the shares tendered during the
reopening of the Offer will take place on May 17.
On this date, Orange SA will directly and indirectly hold
46,191,064 shares of Orange Belgium (including treasury shares),
representing 76.97% of the share capital of Orange Belgium.
Commenting on these results, Ramon Fernandez, Deputy CEO in
charge of Finance, Performance and Development of the Orange Group
said:"We have achieved the objective we set for ourselves: offering
a fair price to shareholders who wanted to monetize their shares
and strengthening our stake in Orange Belgium.With nearly 77% of
the capital held by the Group, we now have the means to improve the
financial flexibility of Orange Belgium, deploy its long-term value
creation strategy more effectively and enable it to better react to
major transformations of the Belgian market."
About OrangeOrange is one of the world’s leading
telecommunications operators with sales of 42.3 billion euros in
2020 and 140,000 employees worldwide at 31 March 2021, including
80,000 employees in France. The Group has a total customer base of
262 million customers worldwide at 31 March 20210, including 217
million mobile customers and 22 million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies, under the brand Orange Business Services.
In December 2019, the Group presented its new "Engage 2025"
strategic plan, which, guided by social and environmental
accountability, aims to reinvent its operator model. While
accelerating in growth areas and placing data and AI at the heart
of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New
York Stock Exchange (symbol ORAN).For more information on the
internet and on your mobile: www.orange.com,
www.orange-business.com or to follow us on Twitter:
@orangegrouppr.Orange and any other Orange product or service names
included in this material are trademarks of Orange or Orange Brand
Services Limited.
Press contact:Tom Wright; tom.wright@orange.com;
+33 6 78 91 35 11
Warnings:This press release may not be published,
distributed or disseminated in any country or territory where its
publication or the offers referred to in this press release would
be illegal or may require registration or any other filing of
documents. Anyone in possession of this press release must refrain
from publishing, distributing or disseminating it in the countries
and territories concerned.
This press release may not be published, distributed or
disseminated in the United States, Canada, Australia or Japan. The
public tender offer referred to in this press release will not be
extended to the United States, directly or indirectly, and will not
use any jurisdictional means (such as the post office, telephone
networks, financial markets, the Internet or any other means) of
the United States.
This press release does not constitute an extension to the
United States, Canada, Australia or Japan of any offer mentioned in
this press release. Furthermore, this press release does not
constitute or form part of an offer to sell, nor does it constitute
a solicitation of an order to buy financial instruments in the
United States or in any other jurisdiction.
- PR_Orange_Results_Offer_reopening_EN_060521
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