The tender offer to delist Lalique from the stock exchange was completed

The public tender offer to delist Swiss group Lalique from the SIX stock exchange has been completed, announced its majority shareholder today.

Swiss entrepreneur Silvio Denz, who bought the prestigious French crystal factory founded by René Lalique in 2008, holds 55.82% of the group’s shares at the end of the offer period on 28 June 2024, said the group in a statement.

At the end of May, the group – which operates in the perfumes, crystal objects, and high-end hotels and whiskey sectors – explained that Mr. Denz wanted to delist Lalique from the Swiss stock exchange given its “very limited” free float.

Mr. Denz, who already held 51.1% of the shares, had made an offer at 40 Swiss francs (41.34 euros) per share, a premium of 32.45% compared to its price the day before of the announcement. He also had concluded a separate non-tender agreements with anchor shareholders Müller Handels AG Switzerland, Dharampal Satyapal Limited, Hansjörg Wyss and Claudio Denz, who together hold 42.67% of the Lalique Group shares and intend to retain a stake in Lalique Group even after the intended delisting.

In the statement published today, the group said that an additional offer period will commence on 3 July 2024 and close on 16 July 2024 at 4.00 p.m. During this period, Lalique Group shares can still be tendered into the offer. The public tender offer is expected to be completed on 19 July 2024.

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