Greiner AG clarifies certain information regarding agreement with Compagnie du Bois Sauvage SA to acquire shares in Recticel SA

Greiner AG

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE ITS PUBLICATION WOULD BE UNLAWFUL.

Communication in accordance with article 8, §1 of the Belgian Royal Decree of 27 April 2007 on public takeover bids.

Greiner AG clarifies certain information regarding the agreement with Compagnie du Bois Sauvage SA to acquire their shares in Recticel SA

Kremsmünster, Austria, 16 May 2021. Further to its press release of 14 May 2021, Greiner would like to clarify that the completion of the agreement to acquire Compagnie du Bois Sauvage’s entire stake of 27.03% in Recticel at a fixed and final price of EUR 13.50 per share is not subject to the success of the contemplated conditional voluntary public takeover offer for Recticel. The acquisition of Compagnie du Bois Sauvage’s stake in Recticel is definitive with the sole exception that Greiner may terminate the agreement in case certain defensive measures would be approved by the shareholders’ meeting of Recticel.

Closing of the acquisition will occur, subject to the aforementioned exception, after the competent competition authorities will have rendered their respective decisions although such decisions do no constitute conditions precedent. Therefore, in any case, Greiner will be obligated to complete the transaction to the extent permissible under competition law and will become a shareholder of Recticel (e.g. below a shareholding level that would trigger merger filing obligations).  Pursuant to the agreement, Compagnie du Bois Sauvage will sell its entire stake in Recticel in any case.

Legal disclaimers

This press release may not be published, distributed or disseminated in any country or territory where its publication or the offers referred to in this press release would be illegal or may require registration or any other filing of documents. Anyone in possession of this press release must refrain from publishing, distributing or disseminating it in the countries and territories concerned.

This press release may not be published, distributed or disseminated in the United States, Canada, Australia or Japan. The public takeover bid referred to in this press release will not be extended to the United States, directly or indirectly, and will not use any jurisdictional means (such as the post office, telephone networks, financial markets, the Internet or any other means) of the United States. This press release does not constitute an extension to the United States, Canada, Australia or Japan of any offer mentioned in this press release.

Furthermore, this press release does not constitute or form part of an offer to sell, nor does it constitute a solicitation of an order to buy financial instruments in the United States or in any other jurisdiction.

Further information

Media:
Greiner AG
Stefan Grafenhorst, 
Head of Group Communications and Sustainability, +43 664 8850 8951
Paul Scott, Brunswick Group (EN, DE), +49 172 3000703
Gaëlle Lemaire, Brunswick Group (FR), +32 474982712
Jorick Albers, Brunswick Group (NL), +32 474980898
Gilbert Rukschcio, Pantarhei (AT), +43 664 88656460

Investors:
BNP Paribas
Gabriel Englebert, +32 2 228 9691           
Marc Demuth, +33 1 4298 0779

DF King
David Chase Lopes
[email protected], +33 1 80 95 68 74 

Georgeson
Christine Genin
[email protected], +33 1 42 60 36 54