Brief: Believe Says Received Exploratory Non-Binding Approach From Another Party Than BidCo

Believe SA

01/03/2024 06:37

March 1 (Reuters) - Believe SA  BLV.PA :
    * BIDCO HAS INFORMED BOARD OF DIRECTORS OF COMPANY ON 28
FEBRUARY
2024 OF ITS DECISION TO WAIVE BOARD CONDITION
    * CONSEQUENTLY, BLOCK ACQUISITIONS REMAINED SUBJECT ONLY TO
REGULATORY CONDITION, WHICH BIDCO EXPECTS TO OBTAIN IN A SHORT
TIMEFRAME
    * COMPANY RECENTLY RECEIVED A CONFIDENTIAL EXPLORATORY
NON-BINDING
APPROACH FROM AN INTERESTED PARTY
    * INTERESTED PARTY SEEKING TO ENGAGE INTO DIALOG WITH VIEW
TO
POSSIBLY MAKING MORE ATTRACTIVE OFFER
    * INTERESTED PARTY HAS INDICATED THAT IT THINKS IT COULD
VALUE
BELIEVE SHARES AT LEAST AT 17 EURO PER SHARE
    * INTERESTED PARTY RESTATED AT THIS STAGE ITS APPROACH DID
NOT
CONSTITUTE OFFER OR ANY OBLIGATION TO MAKE AN OFFER
    * INTERESTED PARTY RESTATED THAT ITS INTEREST DID NOT
EVIDENCE AN
INTENTION TO MAKE AN OFFER
    * AD-HOC COMMITTEE NOTES COMPLETION OF BLOCK ACQUISITIONS
WOULD
PUT BIDCO IN  POSITION OF MAJORITY CONTROL OF BELIEVE
    * WITH BIDCO AS MAJORITY SHAREHOLDER, UNDER THOSE
CIRCUMSTANCES,
IT WOULD PREVENT COMPETING BIDDER FROM ACQUIRING CONTROL

Source text for Eikon:  ID:nGNE9Fg9wH 
Further company coverage:  BLV.PA 

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