Opening of the Tender Offer Initiated by BWGI for Verallia Shares
PARIS--(BUSINESS WIRE)--Regulatory News:
Following receipt of all required regulatory approvals, Verallia (Paris:VRLA) today announces that the tender offer filed on June 5, 2025 by BWGI, acting through Kaon V 1, (the ' Offer ') will be opened from June 23, 2025 (inclusive) to July 25, 2025 (inclusive).
The Offer was cleared by the Autorité des marchés financiers (" AMF") on June 5, 2025, which on the same day approved Kaon V's offer document and Verallia's response document under numbers 25-196 and 25-197 respectively. The AMF has published today a notice announcing the opening of the Offer.
In addition, Kaon V and Verallia made available today to the public the 'other information' documents relating to the legal, financial and accounting characteristics of Kaon V and Verallia.
The documentation relating to the Offer is available on the dedicated transaction website of Verallia (www.verallia.com) as well as the AMF's website (www.amf-france.org).
Terms of the transaction
BWGI's Offer is priced at 28.30 euros per share.
It is reminded that Verallia's Board of Directors, upon recommendation of the ad hoc Committee, issued a favorable opinion on the Offer detailed in the response document of Verallia.
Ledouble, acting as independent expert, has issued a report concluding that the financial terms of the Offer are fair for Verallia's shareholders.
Next steps
After closing of the Offer, the AMF will publish the results of the Offer on its website.
If the Offer is successful, the Offer will be reopened for at least 10 trading days.
A 'frequently asked questions' memorandum will be made available on Verallia's website (www.verallia.com) to address questions that may be raised by shareholders.
About Verallia
At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all.
With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024.
Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO 2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement.
Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable.
Disclaimer
This press release does not constitute an offer to purchase securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Any decision regarding the Offer must be based exclusively on the information contained in the Offer documents.
This press release has been prepared for information purposes only. The distribution of this press release, the Offer and its acceptance may be subject to specific regulation or restrictions in certain countries. The Offer is not intended for persons subject to such restrictions. Consequently, persons in possession of this press release are required to inquire about any local restrictions that may apply and to comply with them. Verallia assumes no responsibility for any violation of these restrictions by anyone.
It is intended that the Offer will be open in the United States in accordance with Section 14(e) of the U.S. Securities Exchange Act of 1934, as amended (the 'U.S. Exchange Act'), including Regulation 14E after application of the exemptions provided by rule 14d-1(d) of the U.S. Exchange Act (the 'Tier II' exemption) and the requirements of French law.
Protection of personal data
You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@verallia.com. Press releases will still be available via the website https://www.verallia.com/en/investors/.
Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@verallia.com. If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body).
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