Verallia announces the success of the voluntary public tender offer initiated by BWGI
Following the initial period of the public tender offer for Verallia’s shares (the “Offer”), BWGI will hold 84,937,142 Verallia shares, representing 70.31% of its share capital and 62.81% of its voting rights.
The initial period of the Offer initiated by BWGI, acting through Kaon V[1], on the Verallia shares that it does not already own, closed successfully on July 25, 2025. 50,097,577 Verallia’s shares were tendered to the Offer during its initial period, representing 41.47% of Verallia’s share capital and 34.88% of its voting rights, allowing BWGI to hold 70.31% of Verallia’s share capital and 62.81% of its voting rights from the settlement-delivery of the initial Offer.
BWGI, which therefore becomes the controlling shareholder of Verallia, intends to support Verallia in creating long-term value by executing its strategic plan, which places innovation and the energy transition at the heart of its project.
The notice of results (avis de résultat) published by the French financial markets authority (“AMF”) is available on its website (www.amf-france.org).
The settlement-delivery of the initial Offer will take place on August 1st, 2025.
Reopening of the Offer
In accordance with the provisions the AMF’s General Regulation, the Offer will be reopened for 10 trading days, under the same financial terms as those set out in Kaon V’s offer document approved by the AMF’s under number no. 25-196 on June 5, 2025 (i.e. an Offer price of €28.30 per Verallia share), in order to enable shareholders who have not tendered their shares to the initial Offer to do so during the reopened Offer if they wish to.
The AMF will publish a notice related to the timetable of the reopened Offer, which will be available on its website (www.amf-france.org).
The tender procedure and the centralization of the reopened Offer will be identical to those applicable to the initial Offer, it being specified, however, that tender orders to the reopened Offer will be irrevocable.
The documentation relating to the Offer, including the “other information” documents relating to the legal, financial and accounting characteristics of Kaon V and Verallia, is available on both Verallia’s (www.verallia.com) and the AMF’s (www.amf-france.org) websites.
D.F. King Ltd is acting as information agent for Verallia’s institutional shareholders (contact: Mr. David Chase Lopes, Managing Director, EMEA, david.chaselopes@dfkingltd.co.uk).
A guide for investors in the form of “questions and answers” is available on Verallia’s website (www.verallia.com) to address questions that may be raised by shareholders
[1] BWGI is acting as the investment manager of Kaon V, a sub-fund of Kaon Investment Fund ICAV and direct shareholder of Verallia.