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PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF THE SQUEEZE-OUT OF TARKETT
Globenewswire· 2025-12-12 08:41
Core Points - The press release announces the implementation of a squeeze-out procedure for Tarkett, following a public buy-out offer initiated by Tarkett Participation [2][4][7] - The squeeze-out will take effect on December 23, 2025, covering 853,122 shares not tendered by minority shareholders, representing 1.30% of the share capital and 0.71% of the theoretical voting rights [12][17] - The compensation for the shares will be €17 per ordinary share, consistent with the offer price [3][17] Company Information - Tarkett is a société anonyme with a supervisory board and management board, registered in Paris and listed on Euronext Paris under the ticker symbol "TKTT" [5] - Tarkett Participation is the offeror, a société par actions simplifiée also based in Paris [6] Offer Details - The public buy-out offer was conducted from June 11, 2025, to June 24, 2025, with a reopening from November 24, 2025, to December 5, 2025 [7] - As of November 30, 2025, Tarkett Participation held 64,697,159 shares, representing 98.70% of the share capital and 99.29% of the theoretical voting rights [7][23] - The squeeze-out procedure meets the conditions set forth in the French Monetary and Financial Code and AMF regulations [10][11] Financial Arrangements - The total amount of compensation will be deposited into a blocked account with Uptevia, which will handle the indemnification for shareholders [14] - Unallocated funds for securities with unknown rightful claimants will be held for ten years before being transferred to the French State [15]
Tarkett_Tarkett Participation_Reopening of the public buyout offer
Globenewswire· 2025-11-20 17:11
Core Viewpoint - The Paris Court of Appeal has upheld the public buyout offer initiated by Tarkett Participation, allowing the offer to be reopened for a specified period, leading to a subsequent squeeze-out of Tarkett shares [2][7]. Group 1: Legal Developments - The Paris Court of Appeal dismissed a minority shareholder's application for annulment against the Autorité des Marchés Financiers (AMF) clearance decision regarding the public buyout offer by Tarkett Participation [2][7]. - The AMF announced that the public buyout offer will be reopened for 10 trading days from November 24, 2025, to December 5, 2025 [3][7]. Group 2: Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a revenue of €3.3 billion in 2024 [5]. - The company has a workforce of nearly 12,000 employees and operates 24 R&D centers, 8 recycling centers, and 35 production sites [5]. - Tarkett serves customers in over 100 countries, focusing on sustainable development and the circular economy through its Tarkett Human-Conscious Design® approach [5].
Tarkett Participation- AVAILABILITY OF THE OTHER INFORMATION DOCUMENT RELATING TO THE LEGAL, FINANCIAL, ACCOUNTING AND OTHER CHARACTERISTICS OF TARKETT PARTICIPATION
Globenewswire· 2025-06-10 05:28
Core Points - Tarkett Participation has initiated a public buy-out offer followed by a mandatory squeeze-out of Tarkett shares at a price of €17 per share [7][6] - The offer has been approved by the Autorité des marchés financiers (AMF) and the information document related to the offer was filed on June 6, 2025 [7][8] - The offer will be open for a period of 10 trading days, with notices regarding the opening and timetable to be published by AMF and Euronext [9] Company Information - The document detailing the legal, financial, and accounting characteristics of Tarkett Participation is available on the Tarkett and AMF websites [10] - The offer is part of a compliance decision by the AMF dated June 5, 2025, which allows Tarkett Participation to proceed with the buy-out [7][5] - Compensation for shares not tendered in the public buy-out offer will be equal to the offer price of €17 per share [6]
Tarkett Participation- AVAILABILITY OF THE INFORMATION DOCUMENT PREPARED BY TARKETT PARTICIPATION
Globenewswire· 2025-06-06 16:31
Core Points - Tarkett Participation has initiated a public buy-out offer for Tarkett shares at a price of €17 per share, which has been approved by the AMF [7][6] - The buy-out offer will be followed by a squeeze-out procedure for shares not tendered, with compensation equal to the offer price [6] - The offer will be open for 10 trading days, with further announcements regarding the timetable to be published by the AMF and Euronext [8] Offer Details - The offer document received AMF approval No. 25-199 on June 5, 2025, and is available on Tarkett and AMF websites [7][10] - An information document detailing the legal, financial, and accounting characteristics of the Offeror will be filed with the AMF and made public before the offer opens [9] - The offer is not directed at persons subject to specific restrictions in certain countries [13]
The Autorité des marchés financiers approves the public buyout Offer followed by a squeeze-out filed by Tarkett Participation on Tarkett’s shares
Globenewswire· 2025-06-06 16:11
Core Viewpoint - The Autorité des marchés financiers (AMF) has approved Tarkett Participation's public buyout offer for Tarkett shares at a price of 17 euros per share, which will be followed by a squeeze-out of remaining shares [1][8]. Transaction Terms - The offer price of 17 euros per share represents a premium of 40.6% and 46.1% compared to the volume-weighted average share price over the last 20 and 60 trading days prior to the announcement on February 20, 2025 [3][8]. - Following the offer, Tarkett Participation will execute a squeeze-out for all shares not tendered, compensating minority shareholders at the same offer price of 17 euros per share [6][8]. Board Recommendations - Tarkett's Supervisory Board, after reviewing the independent expert Finexsi's report, concluded that the financial terms of the offer were fair and recommended shareholders to tender their shares [4][5].