Update on mandatory public offer process
Charenton-le-Pont, France (July 27, 2021 – 8:00 am CEST) – On July 1, 2021 EssilorLuxottica issued a press release announcing the acquisition of HAL’s interest in GrandVision and the launch of a mandatory public offer (the “Offer”) for the remaining issued and outstanding ordinary shares in the share capital of GrandVision at an offer price of Euro 28.42 per share.
Pursuant to Section 7 paragraph 2 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft), which requires a public announcement containing a status update within four weeks following the announcement of a mandatory public offer, EssilorLuxottica provides the following update.
EssilorLuxottica confirms that it is making timely progress on the preparations for the Offer. EssilorLuxottica will submit a request for review and approval of the offer memorandum with the Netherlands Authority for the Financial Markets (AFM) no later than September 23, 2021, which is the ultimate date to submit the offer memorandum with the AFM for approval under the Dutch bidding rules.
As announced on July 1, 2021 EssilorLuxottica is able to fulfil its funding obligations under the Offer. EssilorLuxottica intends to fund the Offer through readily available cash resources. EssilorLuxottica may also utilize existing committed credit lines that are available for general corporate purposes.
