JOINT PRESS RELEASE OF QUVADEC NV AND RESILUX NV
PRESS RELEASE - REGULATED INFORMATION
Successful squeeze-out bid -
Resilux NV
was delisted on
1 June 2022
Wetteren,
Belgium
-
3 June 2022
,
08.00 a.m.
Quvadec NV
("Quvadec" or the "Bidder") and
Resilux NV
("Resilux" or the "Target") announce today that the Bidder has acquired 1,996,117 (99.53%) shares in the Target during its simplified squeeze-out bid (the "Squeeze-Out"), which closed on
31 May 2022
.
Shares not tendered in the Squeeze-Out are deemed to have been transferred to the Bidder by operation of law, pursuant to which the Bidder holds 100% of the shares in the Target.
Delisting
As a consequence of the successful Squeeze-Out, the
Resilux
share (RES) has been delisted from Euronext Brussels ex officio as of Wednesday
1 June 2022
.
Payment
The Bidder will proceed with payment of the bid price to shareholders that have tendered their shares in the Squeeze-Out on
10 June 2022
.
The funds necessary to pay the bid price for the shares that were not tendered and were thus transferred to the Bidder by operation of law will be deposited with the Deposit and Consignment Office. Each former owner of such shares can request payment by contacting the Deposit and Consignment Office.
About Quvadec
Quvadec is a subsidiary of
Quva NV
, incorporated in order to launch a public takeover bid on
Resilux
.
Quva
is the long-term and fully privately held investment company of the Pascal Vanhalst family.
Quva
provides patient capital that supports prominent companies in the B2B market to grow organically and strategically.
Quva
is headquartered in Kortrijk,
Belgium
and was founded in 2021 by
Pascal Vanhalst
. Other investments include
Mateco
, Suspa,
Abriso-Jiffy
, Condoor, Aalterpaint and
TVH Equipment
.
About
Resilux
Resilux NV
specialises in the manufacture and sales of PET preforms and bottles. These preforms and bottles are used for the packaging of water, soft drinks, oils, milk, beer, juices etc. As from
1 October 2017
,
Resilux
extended its core business with PET recycling activities, located in
Switzerland
.
Resilux NV
originally was a family business, and was established in 1994.
Resilux NV
has production units in
Belgium
,
Spain
,
Switzerland
,
Greece
,
Russia
,
Hungary
,
Serbia
,
Romania
and in the
U.S.
Disclaimer
This press release is also published in Dutch. If this should create ambiguities, the Dutch version will prevail.
This announcement does not constitute a takeover bid for
Resilux
shares, nor a request to purchase shares by anyone in any jurisdiction relating to
Resilux
. The takeover bid is only made on the basis of the prospectus approved by the FSMA. Neither this announcement nor any other information with respect to the matters contained herein may be provided in any jurisdiction where a registration, qualification or any other obligation is or would be in effect with respect to the contents of this announcement or the matters contained herein. Any failure to comply with these restrictions may constitute a violation of securities laws and regulations in such jurisdictions. Quvadec and its affiliates expressly disclaim any liability for breach of these restrictions by any person.