Group 1 - Wendel is in non-exclusive discussions with Henkel regarding a potential operation involving Stahl, with no certainty about the outcome of these discussions [2] - Wendel SE is one of the leading publicly traded investment companies in Europe, investing in sector-leading companies such as ACAMS, Bureau Veritas, and Stahl [3] - As of September 30, 2025, Wendel manages €46 billion for third-party investors and approximately €5.3 billion for its own account [3] Group 2 - Wendel has announced plans to develop a private asset management platform in addition to its proprietary investment activities [3] - The company completed acquisitions of 51% of IK Partners in May 2024 and 72% of Monroe Capital in March 2025, with the acquisition of Committed Advisors announced in October 2025 [3] - Wendel is rated BBB with a stable outlook for long-term and A-2 for short-term by Standard & Poor's [4]

Core Viewpoint - Wendel is engaged in non-exclusive discussions with Henkel regarding a potential transaction involving Stahl, but there is no certainty that these discussions will lead to a transaction [2]. Group 1: Company Overview - Wendel is one of Europe's leading listed investment firms, focusing on Principal Investments in companies that are leaders in their respective fields, including Stahl [4]. - In 2023, Wendel initiated a strategic shift towards third-party asset management of private assets, complementing its historical principal investment activities [4]. - As of September 30, 2025, Wendel Investment Managers manages approximately 46 billion euros on behalf of third-party investors, alongside about 5.3 billion euros invested in its Principal Investments activity [4]. Group 2: Recent Developments - Wendel completed the acquisition of a 51% stake in IK Partners in May 2024, marking a significant step in its strategic expansion into third-party private asset management [4]. - In March 2025, Wendel completed the acquisition of 72% of Monroe Capital and announced the acquisition of Committed Advisors in October 2025 [4]. Group 3: Financial Calendar - Wendel's financial calendar includes the publication of Full-Year 2025 Results on February 25, 2026, and Q1 2026 Trading update on April 22, 2026 [3].

Core Insights - Tarkett has achieved an A Score at CDP climate rating for the second consecutive year, highlighting its climate leadership among 20,000 companies globally assessed [1][2] - The A score indicates successful implementation of best practices in climate management across Tarkett's operations and value chain [2] Group 1: Climate Leadership and Recognition - Tarkett's climate roadmap and governance have been validated by CDP's A List, reflecting the expertise of its teams [3] - The company is focused on reducing scope 3 emissions and aligning business models with planetary boundaries to assist customers in lowering their carbon footprint [3] Group 2: Sustainability Targets and Strategies - Tarkett's climate targets, approved by the Science Based Targets initiative (SBTi) in 2023, aim for a 30% reduction in greenhouse gas emissions across the entire value chain by 2030 compared to 2019 [4] - The company is advancing its sustainability strategy through eco-design, increased use of recycled materials, sustainable purchasing, and continuous team development [4] Group 3: Industry Recognition and Performance - Tarkett has earned EcoVadis' Platinum Medal for two consecutive years, setting a benchmark in the flooring and sports surfaces industry [5] - The company is ranked among Europe's Climate Leaders, as organized by Financial Times and Statista [5] Group 4: Company Overview - Tarkett has a history of over 140 years and is a leader in innovative and sustainable flooring and sports surface solutions, generating a turnover of €3.3 billion in 2024 [5] - The company employs nearly 12,000 people and operates 24 R&D centers, 8 recycling centers, and 35 production sites, serving customers in over 100 countries [5]

Core Points - The press release announces the implementation of a squeeze-out procedure for Tarkett, following a public buy-out offer initiated by Tarkett Participation [2][4][7] - The squeeze-out will take effect on December 23, 2025, covering 853,122 shares not tendered by minority shareholders, representing 1.30% of the share capital and 0.71% of the theoretical voting rights [12][17] - The compensation for the shares will be €17 per ordinary share, consistent with the offer price [3][17] Company Information - Tarkett is a société anonyme with a supervisory board and management board, registered in Paris and listed on Euronext Paris under the ticker symbol "TKTT" [5] - Tarkett Participation is the offeror, a société par actions simplifiée also based in Paris [6] Offer Details - The public buy-out offer was conducted from June 11, 2025, to June 24, 2025, with a reopening from November 24, 2025, to December 5, 2025 [7] - As of November 30, 2025, Tarkett Participation held 64,697,159 shares, representing 98.70% of the share capital and 99.29% of the theoretical voting rights [7][23] - The squeeze-out procedure meets the conditions set forth in the French Monetary and Financial Code and AMF regulations [10][11] Financial Arrangements - The total amount of compensation will be deposited into a blocked account with Uptevia, which will handle the indemnification for shareholders [14] - Unallocated funds for securities with unknown rightful claimants will be held for ten years before being transferred to the French State [15]

Core Points - Tarkett reported a total of 65,550,281 shares and 123,938,579 voting rights as of November 30, 2025 [1] - The number of exercisable voting rights is 123,920,020 after deducting treasury shares [2] Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a revenue of €3.3 billion in 2024 [3] - The company employs nearly 12,000 people and operates 24 R&D centers, 8 recycling centers, and 35 production sites [3] - Tarkett serves clients in over 100 countries, providing solutions for hospitals, schools, residential areas, hotels, offices, retail, and sports fields [3] - The company is committed to circular economy and sustainable development through its Tarkett Human-Conscious Design® approach [3] - Tarkett is listed on the regulated market of Euronext under compartment B, ISIN code FR0004188670, and mnemonic code TKTT [3]

Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a history spanning 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 November 30, 2025, Tarkett's total number of shares in the share capital is 65,550,281 [1] - The total number of voting rights is reported as 123,579,938, with 123,920,020 exercisable voting rights after deducting treasury shares without voting rights [1]

Core Viewpoint - The Paris Court of Appeal has upheld the public buyout offer initiated by Tarkett Participation, allowing the offer to be reopened for a specified period, leading to a subsequent squeeze-out of Tarkett shares [2][7]. Group 1: Legal Developments - The Paris Court of Appeal dismissed a minority shareholder's application for annulment against the Autorité des Marchés Financiers (AMF) clearance decision regarding the public buyout offer by Tarkett Participation [2][7]. - The AMF announced that the public buyout offer will be reopened for 10 trading days from November 24, 2025, to December 5, 2025 [3][7]. Group 2: Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a revenue of €3.3 billion in 2024 [5]. - The company has a workforce of nearly 12,000 employees and operates 24 R&D centers, 8 recycling centers, and 35 production sites [5]. - Tarkett serves customers in over 100 countries, focusing on sustainable development and the circular economy through its Tarkett Human-Conscious Design® approach [5].

Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a history spanning 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 October 31, 2025, Tarkett has a total of 65,550,281 shares in its share capital [1] - The total number of voting rights is reported as 123,938,579, with 123,920,020 exercisable voting rights after deducting treasury shares without voting rights [1]

Core Viewpoint - Tarkett's Q3 2025 revenue shows a slight decline of -0.6% year-over-year, with organic sales down -1.6%, reflecting a weak market environment across most regions [1][3][4]. Group Revenue Summary - The Group's total revenue for Q3 2025 was €996 million, compared to €1,002 million in Q3 2024, marking a decrease of -0.6% [2][3]. - Organic sales declined by -1.6%, with stable selling prices showing a limited variation of -0.3% [3][4]. Regional Performance - **EMEA**: Revenue was €210.5 million, down -1.7% year-over-year, with organic sales declining -1.8% due to a sluggish residential market [2][4]. - **North America**: Revenue decreased to €207.8 million, down -4.9%, but organic sales grew by +2.2%, driven by delayed shipments catching up [2][6]. - **CIS, APAC & Latin America**: Revenue fell to €144.4 million, down -6.8%, with organic sales down -7.6%, primarily due to a slowdown in demand in the CIS and Latin America [2][7]. - **Sports Segment**: Revenue increased to €433.2 million, up +4.6%, despite a slight organic decline of -1.1% [2][8]. Outlook and Adjusted EBITDA - The Group has revised its 2025 Adjusted EBITDA forecast to be close to that of 2024, estimating around €329 million, down from an initial target of €360 million [4][15][16]. - The ongoing weak macroeconomic environment is expected to continue affecting renovation and new construction projects, particularly in residential markets [11][12][13].

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 September 30, 2025, Tarkett's total number of shares in the share capital is 65,550,281 [1] - The total number of theoretical voting rights is 123,906,729, while the number of exercisable voting rights is 123,888,170 after deducting treasury shares without voting rights [1]