Group 1 - The press release announces the public buy-out offer initiated by Tarkett Participation at a price of €17 per share, followed by a squeeze-out procedure for shares not tendered to the offer [5][6][7] - The offer has received approval from the Autorité des marchés financiers (AMF) and will be open for a period of 10 trading days [6][7] - A document detailing the legal, financial, and accounting characteristics of the company will be filed with the AMF and made available to the public before the opening of the offer [8][9] Group 2 - The approved response document is accessible on Tarkett's and AMF's websites and can be requested free of charge from Tarkett's office [9] - The AMF clearance decision for the public buy-out offer was dated June 5, 2025, and the response document received AMF approval No. 25-200 on the same date [6][7]

Core Points - Tarkett Participation has initiated a public buy-out offer for Tarkett shares at a price of €17 per share, which has been approved by the AMF [7][6] - The buy-out offer will be followed by a squeeze-out procedure for shares not tendered, with compensation equal to the offer price [6] - The offer will be open for 10 trading days, with further announcements regarding the timetable to be published by the AMF and Euronext [8] Offer Details - The offer document received AMF approval No. 25-199 on June 5, 2025, and is available on Tarkett and AMF websites [7][10] - An information document detailing the legal, financial, and accounting characteristics of the Offeror will be filed with the AMF and made public before the offer opens [9] - The offer is not directed at persons subject to specific restrictions in certain countries [13]

Core Viewpoint - The Autorité des marchés financiers (AMF) has approved Tarkett Participation's public buyout offer for Tarkett shares at a price of 17 euros per share, which will be followed by a squeeze-out of remaining shares [1][8]. Transaction Terms - The offer price of 17 euros per share represents a premium of 40.6% and 46.1% compared to the volume-weighted average share price over the last 20 and 60 trading days prior to the announcement on February 20, 2025 [3][8]. - Following the offer, Tarkett Participation will execute a squeeze-out for all shares not tendered, compensating minority shareholders at the same offer price of 17 euros per share [6][8]. Board Recommendations - Tarkett's Supervisory Board, after reviewing the independent expert Finexsi's report, concluded that the financial terms of the offer were fair and recommended shareholders to tender their shares [4][5].

Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a history of over 140 years [4] - The company generated a turnover of €3.3 billion in 2024 and employs nearly 12,000 people [4] - Tarkett operates 24 R&D centers, 8 recycling centers, and 35 production sites, serving customers in over 100 countries [4] - The company is committed to circular economy and sustainability through its Tarkett Human-Conscious Design® approach [4] Shareholders' Meeting Information - The Combined Shareholders' Meeting is scheduled for 19 June 2025 at 9:30 a.m. at the Company's head office in Paris La Défense [1] - A preliminary notice of the meeting, including the agenda and draft resolutions, was published in the French Bulletin des Annonces Légales Obligatoires (BALO) on 14 May 2025 [2] - Additional information on attending and voting at the Shareholders' Meeting will be available in the notices and on the Company's website [2][3] Regulatory Compliance - Information related to the Shareholders' Meeting can be consulted on the Company's website under the Investors/Shareholders/Shareholders' Meeting 2025 section [3] - The company ensures that documents and information regarding the Shareholders' Meeting are made available to shareholders in accordance with applicable regulations [3]

Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a history of over 140 years [2] - The company generated a turnover of €3.3 billion in 2024 and employs nearly 12,000 people [2] - Tarkett operates 24 R&D centers, 8 recycling centers, and 35 production sites, serving customers in over 100 countries [2] Voting Rights and Shares - As of April 30, 2025, Tarkett has a total of 65,550,281 shares in its share capital [1] - The total number of theoretical voting rights is 123,798,861, while the number of exercisable voting rights is 123,780,302 after deducting treasury shares without voting rights [1]

Core Insights - Wendel's fully diluted Net Asset Value (NAV) per share as of March 31, 2025, is €176.7, reflecting a decrease of 4.8% since the beginning of the year due to market volatility and changes in valuation multiples [5][9][8] - The company has successfully raised €3.4 billion in Q1 2025, contributing to a total of €34 billion in assets under management (AUM) following the acquisition of Monroe Capital [20][6][19] - A proposed dividend of €4.70 per share represents a 17.5% increase, demonstrating the company's strong financial structure and commitment to maintaining an investment-grade rating [3][4] Financial Performance - Wendel's principal investments showed positive total sales growth in Q1 2025, with the exception of Scalian, which reported a decline of 6.3% [10][38] - Bureau Veritas, a key investment, achieved revenue of €1,558.7 million in Q1 2025, marking an 8.3% increase compared to the same period in 2024 [24][25] - IK Partners reported a 33% increase in revenues for Q1 2025, contributing to the overall positive performance of Wendel's asset management activities [21][22] Strategic Developments - The acquisition of Monroe Capital has positioned Wendel as a significant player in third-party asset management, enhancing its value creation profile [6][19] - A successful forward sale of 6.7% of Bureau Veritas' share capital generated net proceeds of €750 million, improving Wendel's loan-to-value (LTV) ratio to 17.2% [17][7] - Wendel's strategic roadmap aims to reach €150 million in pre-tax fee-related earnings (FRE) by 2027, with current projections indicating €100 million in 2025 [20][19] Market Conditions - The market environment in Q1 2025 was characterized by increased uncertainty due to geopolitical and trade tensions, impacting organic growth across various sectors [33][43] - Currency fluctuations and market multiples have negatively affected the valuation of unlisted assets, contributing to a decline in NAV [11][5] - Despite challenges, Bureau Veritas maintains a robust outlook, expecting mid-to-high single-digit organic revenue growth for the full year 2025 [30][28]

PRESS RELEASE RELATED TO THE FILING OF THE DRAFT RESPONSE DOCUMENT TO THE PROPOSED PUBLIC BUY-OUT OFFER FOLLOWED BY A SQUEEZE-OUT CONCERNING THE COMPANY’S SHARES TARKETT INITIATED BY TARKETT PARTICIPATION AMF This press release was prepared by Tarkett and issued in accordance with the provisions of Article 231-26, II of the general regulations of the Autorité des marchés financiers (the “AMF”). The draft offer and the draft response document remain subject to review by the AMF. IMPORTANT DISCLOSURE In a ...

Core Points - Tarkett Participation has increased its public buy-out offer price from 16 euros to 17 euros per share, representing a premium of 40.6% and 46.1% over the volume-weighted average share price for the last 20 and 60 trading days, respectively, and a premium of 25.5% over the last closing price prior to the announcement on February 20, 2025 [1][8] - The independent expert, Finexsi - Expert & Conseil Financier, has concluded that the increased offer price is fair to Tarkett's shareholders [2][8] - The Supervisory Board of Tarkett has endorsed the favorable recommendation from the ad hoc Committee regarding the increased offer price, stating it is in the interest of Tarkett, its shareholders, and employees [3][8] Company Overview - Tarkett is a global leader in innovative and sustainable flooring solutions, with sales of 3.3 billion euros in 2024 and employing nearly 12,000 people [8] - The company operates 24 R&D centers, 8 recycling centers, and 35 production sites, serving customers in over 100 countries [8] - Tarkett is committed to the circular economy and sustainable development through its Tarkett HumanConscious Design® approach [8]

Core Insights - Tarkett's Q1 2025 sales reached 670 million euros, reflecting a slight increase of +0.2% compared to Q1 2024, with an organic sales decline of -1.7% [2][4][16] - The North America segment experienced a significant drop in sales, down -15.6% compared to the previous year, primarily due to delays in the launch of a new logistics platform [5][4] - The EMEA segment showed resilience with a +2.3% increase in sales, driven by growth in commercial segments despite a challenging macroeconomic environment [3][4] Sales Performance by Region - **EMEA**: Sales amounted to 226.4 million euros, up +2.3% year-over-year, with organic growth of +1.9% [3][4] - **North America**: Sales were 167.8 million euros, down -15.6%, with an organic decline of -12.3% [5][4] - **CIS, APAC & Latin America**: Sales reached 108.4 million euros, up +1.5%, with organic growth of +2.0% [6][4] - **Sports Segment**: Sales increased to 167.3 million euros, up +18.4%, with organic growth of +3.8% [7][4] Market Outlook - The company does not anticipate a recovery in the flooring market for 2025, as leading indicators for construction and renovation markets have not shown significant improvement [8][10] - The Sports segment fundamentals remain strong, particularly in North America, supported by the need for sports facilities and available financing [8][10] Strategic Considerations - Tarkett's local production strategy mitigates direct exposure to US tariff increases, although the political and macroeconomic context introduces uncertainty [9][10] - The company is prepared to adjust production levels and cost structures in response to potential demand fluctuations due to economic slowdowns or inflation [10][9] Corporate Developments - Tarkett Participation, the controlling shareholder, has filed a draft public buyout offer, with ongoing work by an independent expert and ad hoc committee [11]

Core Points - Wendel has scheduled its Shareholders' Meeting for May 15, 2025, at 3 p.m. Paris time [1] - The notice of the meeting has been published in the Bulletin des Annonces Légales et Obligatoires and is available on Wendel's website [2] - Additional documents and information regarding the meeting will be accessible to shareholders starting April 24, 2025, and the meeting will be available via webcast [3] Agenda - April 24, 2025: Q1 2025 Trading update and publication of NAV as of March 31, 2025 [4] - May 15, 2025: Annual General Meeting [4] - July 30, 2025: H1 2025 results and publication of NAV as of June 30, 2025 [4] - October 23, 2025: Q3 2025 Trading update and publication of NAV as of September 30, 2025 [4] - December 12, 2025: 2025 Investor Day [4] Company Overview - Wendel is a leading listed investment firm in Europe, focusing on companies that are leaders in their respective fields [5] - In 2023, Wendel initiated a strategic shift towards third-party asset management of private assets, complementing its principal investment activities [5] - Wendel completed the acquisition of a 51% stake in IK Partners in May 2024 and announced the acquisition of 75% of Monroe Capital in October 2024, managing over 33 billion euros on behalf of third-party investors post-acquisition [5] Ratings and Recognition - Wendel is listed on Eurolist by Euronext Paris and holds a Standard & Poor's long-term rating of BBB with a stable outlook [6] - The company has been recognized for its long-term patronage of the arts, receiving the distinction of "Grand Mécène de la Culture" in 2012 [6]