Successful Simplified Public Tender Offer on Vilmorin & Cie shares
19 July 2023 - 1:20AM
Successful Simplified Public Tender Offer on Vilmorin & Cie
shares
Limagrain crosses the threshold of 90%
of Vilmorin & Cie's capital
and voting rights, enabling the implementation of a mandatory
withdrawal.
The Autorité des marchés financiers (AMF) today
published the final results of the Simplified Public Tender Offer
initiated by Limagrain Participations1 on Vilmorin & Cie
shares.
Following this Offer, which ran from June 22,
2023, to July 17, 2023, inclusive, Group Limagrain holds a total of
21,932,953 Vilmorin & Cie shares, representing 95.70% of
the Company's capital and 97.17% of its voting rights2.
As a result, Limagrain Participations will
shortly submit a request for the implementation of a mandatory
withdrawal procedure to the AMF, as stated in the Information Note
regarding the Offer.
The mandatory withdrawal will be carried out
under the same financial conditions as the Offer, i.e. €62.60 per
Vilmorin & Cie share.
Vilmorin & Cie's stock has been suspended
since July 18, 2023, pending the implementation of the mandatory
withdrawal.
Franck BERGER, Delegate CEO of Vilmorin &
Cie, commented: "The success of the Simplified Public Tender Offer
initiated by our reference Shareholder, Limagrain, concludes a
rewarding thirty-year stock market adventure for Vilmorin &
Cie. On behalf of the Board of Directors and our teams, I would
like to thank all our Shareholders for their trust and commitment
over all these years.”
1 Entity fully controlled by Société Coopérative
Agricole Limagrain, acting in concert with other entities of Group
Limagrain (Société Coopérative Agricole Limagrain, GLH and
Sélia).
2 95.93% of the capital and 97.19% of the voting
rights if the 7,318 treasury shares held by the Company are
considered.
The percentages are presented on the basis of a
capital comprising a total of 22,917,292 shares representing
38,675,126 theoretical voting rights (pursuant to paragraph 2 of
article 223-11 of the AMF's General Regulations).
Coming
disclosures and
events
Due to the forthcoming implementation of the
mandatory withdrawal procedure, Vilmorin & Cie's regulated
publications have been definitively suspended.
For any additional
information
Anthony CARVALHO
Chief Financial Officer
Édouard ROCHE
Head of Financial Communication and Investor
Relations
e-mail :
contact@diffusion.vilmorincie.comwww.vilmorincie.com
The 4th
largest seed company in the world, pure play in its sector,
Vilmorin & Cie
creates,produces, and distributes
vegetable and field seeds with high added value,
contributing to meeting global food requirements
in a context of accelerating climatic,
environmental, and demographic
challenges.
Vilmorin & Cie is a historical expert in
plant breeding, with around 6,000 varieties in its portfolio and
several hundred new varieties marketed each year. It has become an
international leader, offering all forms of agriculture, on
all continents, the capacity to produce more and to produce better,
while preserving the independence and freedom of choice of farmers
and vegetable growers with regard to their other production
factors.
Vilmorin & Cie relies on research and
development for its ongoing growth, by investing more than 16% of
its sales in R&D each year, and on the controlled
internationalization of its business activities, in order to
durably strengthen its competitive positions in the long term on
structurally buoyant world markets.
True to its long-term vision of development,
Vilmorin & Cie's strategy and performance are based on respect
for the values shared with its parent company and reference
Shareholder, the agricultural cooperative Limagrain: progress,
perseverance, and cooperation.
DisclaimerThis press release has been prepared
for information purposes only. It does not constitute an offer to
the public and should not be considered as constituting any form of
solicitation for the purchase or sale of securities. The
distribution of this press release, the Offer and acceptance of the
Offer may be subject to specific regulations or restrictions in
certain countries. The Offer is not addressed to persons subject to
such restrictions, either directly or indirectly, and is not likely
to be accepted from any country where the Offer would be subject to
such restrictions. Consequently, persons in possession of this
press release are required to inform themselves about any local
restrictions that may apply and to comply with them.
Vilmorin & Cie declines all responsibility for any
violation of these restrictions by any person.
- CP Vilmorin & Cie_Résultats de l'offre (succès)_GB_vd
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