Torqx declares offer for Beter Bed Holding unconditional; 95.14% of Shares now tendered or committed
November 29 2023 - 1:15PM
Torqx declares offer for Beter Bed Holding unconditional; 95.14% of
Shares now tendered or committed
JOINT PRESS RELEASE
This is a joint press release by Beter Bed
Holding N.V. ("Beter Bed Holding" or the
"Company") and 959 B.V. (the
"Offeror"), a company controlled by Torqx Capital
Partners ("Torqx"). This joint press release is
issued pursuant to the Article 16, paragraphs 1 and 2, Article 17
paragraph 1 and Article 4, paragraph 3 of the Netherlands Decree in
Public Takeover Bids (Besluit openbare biedingen Wft, the
"Decree") in connection with the recommended
public offer by the Offeror for all the issued and outstanding
shares in the capital of the Company (the
"Offer"). This press release does not constitute
an offer, or any solicitation of any offer, to buy or subscribe for
any securities in the Company. Any offer is only made by means of
the offer memorandum (the "Offer Memorandum"),
dated 4 October 2023, approved by the Dutch Authority for the
Financial Markets (Autoriteit Financiële Markten, the
"AFM"). Terms not defined in this press release
will have the meaning as set forth in the Offer Memorandum. This
press release is not for release, publication or distribution, in
whole or in part, in or into, directly or indirectly, in any
jurisdiction in which such release, publication or distribution
would be unlawful, including the United States.
Torqx declares offer for Beter Bed
Holding unconditional; 95.14% of Shares now tendered or
committed
- A total of 95.14% of the Shares are now tendered or
committed; 50.81% of the Shares have been tendered under the Offer
and 44.33% of the Shares have been irrevocably committed to the
Offeror.
- All Offer Conditions have been satisfied or waived.
- Torqx declares the Offer for Beter Bed Holding
unconditional.
- Settlement of the Offer will take place on 1 December
2023.
- Remaining Shares can be tendered during the Post-Acceptance
Period, commencing on 30 November 2023 and ending on 6 December
2023.
- Delisting from Euronext Amsterdam will take place on 29
December 2023.
Uden, the Netherlands, 29 November 2023 – With reference to
the joint press releases dated 10 July 2023 and 4 October 2023 and
the Offer Memorandum, Beter Bed Holding – the Netherlands’ largest
sleep specialist in retail, wholesale and B2B – and Torqx Capital
Partners (“Torqx”) are pleased to announce that Shares representing
95.14% of Beter Bed Holding's Outstanding Capital have been
tendered under the Offer or have been irrevocably committed to the
Offeror and that all other Offer Conditions have been satisfied. As
a result, the Offeror declares the Offer unconditional (doet
gestand). Shareholders who have not yet tendered their Shares may
tender their Shares during the Post-Acceptance Period ending on 6
December 2023 at 17:40 hours CET.
For the full PDF of the press release, please click on the link
under attachment.
Press photos can be downloaded here.
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