Brookfield Renewable Holdings to hold at least 85.39% of Neoen's share capital following conversion of OCEANEs tendered into the ongoing tender offer

Core Points - Brookfield Renewable Holdings will hold at least 85.39% of Neoen's share capital following the conversion of OCEANEs tendered into the ongoing tender offer [1][4][8] - The mandatory simplified cash tender offer for Neoen shares and convertible bonds was approved by the French financial markets authority on February 11, 2025, and will close on March 13, 2025 [2][5][8] - The offer price is set at 39.85 euros per share, representing a premium of 40.3% and 43.5% over the 3-month and 6-month VWAP of Neoen shares as of May 29, 2024 [7][10] Company Details - As of the latest update, Brookfield Renewable Holdings holds 129,223,594 shares, representing 84.46% of Neoen's share capital, along with significant holdings in the 2020 and 2022 OCEANEs [9][15] - The offer documentation is available on the dedicated transaction websites of Neoen and Brookfield Renewable Holdings, as well as the AMF's website [6] - Neoen's Board of Directors has confirmed that the offer is in the interest of the company and has recommended shareholders and convertible bondholders to tender their securities [10]