Final results of EssilorLuxottica’s public offer on

Final results of EssilorLuxottica’s public offer for GrandVision shares

  • Following the Post-Acceptance Period which ended on December 20, the Bidder will hold in total approximately 99.84% of the issued share capital of GrandVision.
  • The settlement-delivery of Shares tendered during the Post-Acceptance Period will take place on December 23, 2021.
  • The last date for trading the Shares on Euronext Amsterdam will be January 7, 2022 and listing and trading of the Shares will end on January 10, 2022.
  • The Bidder will initiate a compulsory repurchase procedure in order to obtain 100% of the Shares

Charenton-le-Pont, France and Schiphol, The Netherlands (December 21, 2021 – 7:00 a.m. CET) – EssilorLuxottica SA (the “Offering“) and GrandVision NV (“GrandVision“) are pleased to announce the outcome of the post-acceptance period which ended on December 20, 2021 at 5:40 p.m. CET (the”Period after acceptance“).

Terms not defined in this press release will have the meaning as defined in the Offeror’s prospectus dated October 7, 2021 (the “Offer memorandum“).

Acceptance

During the Post-Acceptance Period, which expired at 5.40 p.m. CET on December 20, 2021, 268,744 Shares were tendered under the Offer, representing a participation of approximately 0.11% of the issued share capital of GrandVision. .

Including the 99.73% stake already held by the Offeror, the Offeror will hold a total of 254,031,577 Shares, representing approximately 99.84% of the issued share capital of GrandVision. This represents approximately 99.89% of the issued and outstanding shares of GrandVision.

Rules

With reference to the Offer Memorandum, Shareholders who have accepted the Offer will receive the Offer Price for each Share validly tendered (or defective tendered provided the Offeror has waived this default) and delivered (geleverd) under the terms and restrictions of the Offer.

Settlement of the Offer will take place and payment of the Offer Price per Share validly tendered (or presented in a defective manner provided that the Offeror has waived this default) will take place on 23 December 2021.

Radiation

As announced on December 13, 2021, the listing and trading of the Shares on Euronext Amsterdam will be terminated, with the Bidder holding more than 95% of the Shares.

In consultation with Euronext, it has been decided that the delisting will take place on January 10, 2022 and the last day of listing of the Shares will therefore be January 7, 2022. Reference is made to Section 5.11.2 (Liquidity, delisting of Shares and post-closing stages) of the Offer Memorandum.

Redemption procedure

As the Offeror has acquired more than 95% of the Shares, the Offeror intends to initiate the Redemption as soon as possible. Reference is made to section 5.11.4 (Redemption procedure) of the Offer Memorandum.

Offer memorandum, position statement and other information

This announcement contains selected and condensed information concerning the Offer and does not replace the Offer Memorandum and / or the Position Statement. The information in this announcement is not complete and additional information is contained in the Offer Memorandum and Position Statement.

Digital copies of the Offer Memorandum are available on the Offeror’s website (www.essilorluxottica.com) and digital copies of the Offer Memorandum and Position Statement are available on the GrandVision website (www. grandvision.com). These websites are not part of, and are not incorporated by reference into, the Memorandum of Offer.

Copies of the Offer Memorandum and the Position Statement are also available free of charge from GrandVision and the Exchange Agent.

GrandVision SA

The base
Rue Evert van de Beek 1-80
Tower C, 6th floor
1118CL Schiphol
The Netherlands

ABN AMRO Bank NV

Business Brokerage and Issuer Services HQ7212
Avenue Gustav Mahler 10
1082 PP Amsterdam
The Netherlands

  • GrandVision and EssilorLuxottica press release


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