With reference to the joint press release dated 23 June 2022, the Majority Shareholder and HDNV
jointly announce that:
(i) Subsequent to no shareholders objecting the squeeze out in the 5 September 2022
hearing, the Curaçao court in the squeeze out proceeding has announced that it will
render its judgment on 3 October 2022. The company assumes that the procedure and
timing for the payment of €175 per share can be announced at that time.
(ii) Considering the Majority Shareholder holding more than 95% of each class (common shares – ISIN: ANN4324C1220 and preferred shares – ISIN: ANN4327C1303) of the issued and outstanding shares in HDNV (the "Shares") following completion of the Offer, Euronext Amsterdam N.V. has on 23 September 2022 consented to the delisting of the Shares from Euronext Amsterdam.
(iii) Delisting shall occur on 31 October 2022 and, accordingly, the last trading day of the Shares shall be 28 October 2022.
Following the delisting, the statutory squeeze out proceedings will be completed, and shareholders holding HDNV common, or preferred shares will have a chance to sell their Shares in the mandatory
purchase period as ordered by the Curaçao court in the squeeze out proceedings.
HDNV Common Shares are currently traded in a non-issuer sponsored line on the Börse Frankfurt (Freiverkehr / Open Market) and there is trading OTC (Pink Sheets) among US brokers which is
published on the NASDAQ website. Both trading lines have minimal volume. The company expects that the delisting on the Euronext will result in these trading lines being terminated, since the shares will no longer meet the requirement of having a primary listing.
For more Information:
Michael Jones
Hunter Douglas Holding B.V.
michael.jones@hunterdougl