Update on the Simplified Tender Offer and Squeeze-out on NHOA
TAIPEI, Taiwan--(BUSINESS WIRE)--Reference is made to the simplified tender offer (the Offer) and squeeze-out transaction completed on December 10, 2024, by TCC Europe Holdings B.V. (formerly known as Taiwan Cement Europe Holdings B.V.) (TCEH), an indirect subsidiary of TCC Group Holdings Co., Ltd (TWSE: 1101), on the shares of NHOA S.A. (NHOA), pursuant to the clearance decision (conformité) of the French Autorité des marchés financiers dated November 5, 2024 (AMF Notice no. 224C2193).
Former NHOA shareholders are hereby informed that NHOA Corporate S.r.l. (NHOA Corporate) has exercised its put option to sell its stake in Free2Move eSolutions S.p.A. (F2MeS) to Stellantis Europe S.p.A. (Stellantis) on June 1, 2025, as further detailed in Section 2.2.1 of the Offer document. Consequently, pursuant to the terms of the Offer document, NO conditional price supplement (complément de prix conditionnel) of EUR 0.65 per NHOA share (the Conditional Price Supplement) is payable to the holders of the financial securities materializing the rights to the Conditional Price Supplement (the Financial Securities). Holders of the Financial Securities will be informed of the completion of the sale of NHOA Corporate's stake in F2MeS to Stellantis by means of a financial notice via Euroclear France.
The Financial Securities, which are admitted to the operations of Euroclear France, will lapse on June 3, 2025.
Ledouble, acting as independent expert for the purposes of the Offer, has been informed of the exercise of NHOA Corporate's put option.
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