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 Viewpoint - Upbeat BidCo has increased its public buyout offer for Believe to 17.20 euros per share, which reflects significant premiums over the average share prices in recent months, and the Board of Directors has issued a favorable opinion on this offer [2][4][9]. Group 1: Offer Details - The initial public buyout offer was filed at a price of 15.30 euros per share, which has now been increased to 17.20 euros per share [2]. - The new offer price represents premiums of +12.6%, +13.1%, +17.5%, and +17.6% compared to the volume-weighted average prices over the last 30, 60, 120, and 180 days as of June 2, 2025 [2][9]. - The independent expert concluded that the increased offer price of 17.20 euros per share is fair from a financial perspective [3][9]. Group 2: Board of Directors' Opinion - The Board of Directors of Believe unanimously issued a favorable reasoned opinion on the proposed offer, recommending that shareholders tender their shares [4][9]. - The Board considered the increased offer to be in the interests of minority shareholders, providing them with immediate liquidity at the new price [5][9]. - The Board also noted that the offer would benefit the company and its employees by allowing it to continue its development plan without altering its business model or human resources policies [5]. Group 3: Documentation and Compliance - Draft documents reflecting the increased offer price and the Board's opinion will be filed with the AMF and made available on Believe's website [6]. - The main elements of the draft offer document will be communicated through a press release in accordance with AMF regulations [7].

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]