Workflow
挤出收购
icon
Search documents
PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF THE SQUEEZE-OUT OF TARKETT
Globenewswire· 2025-12-12 08:41
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]