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Believe: Results of the public buyout offer Imminent implementation of the mandatory squeeze-out
Globenewswire· 2025-07-22 15:15
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].
POSTPONEMENT OF BELIEVE'S ANNUAL GENERAL MEETING SCHEDULED FOR 26 JUNE 2025
Globenewswire· 2025-04-29 05:45
Core Points - Believe has received authorization from the Paris Economic Activities Court to extend the legal deadline for the approval of its financial statements for the fiscal year ending December 31, 2024, due to a public tender offer by Upbeat BidCo [2] - The Annual General Meeting originally scheduled for June 26, 2025, has been postponed to a later date, which will be determined after the completion of the squeeze-out [3] - Believe is a leading digital music company focused on developing independent artists and labels, providing them with necessary solutions to grow their audience [4] Company Overview - Believe operates globally with a team of 2,037 employees across more than 50 countries, offering a range of services through various brands including Believe, TuneCore, and Nuclear Blast [4] - The company is listed on compartment A of the regulated market of Euronext Paris under the ticker BLV [4]