Believe: Results of the public buyout offer Imminent implementation of the mandatory squeeze-out

Core Viewpoint - Upbeat BidCo has successfully completed a public buyout offer for Believe, acquiring 98.67% of the share capital and 97.40% of the voting rights, leading to an imminent mandatory squeeze-out procedure for remaining shares [2][3]. Group 1: Buyout Offer Results - The public buyout offer closed on July 21, 2025, with Upbeat BidCo holding 99,361,755 shares of Believe [2]. - Upbeat BidCo will request the AMF to implement a mandatory withdrawal procedure for all Believe shares not tendered to the Offer [3]. - The compulsory withdrawal will occur at the same price as the offer, which is €17.20 per Believe share [4]. Group 2: Company Overview - Believe is a leading digital music company focused on developing independent artists and labels by providing necessary solutions for audience growth [5]. - The company operates globally with 2,037 employees across more than 50 countries, offering services through various brands including Believe, TuneCore, and Nuclear Blast [5]. - Believe is listed on compartment A of the regulated market of Euronext Paris under the ticker BLV [5].