La Banque Postale directly holds 671,412,118 shares representing 97.79% of the share capital and 98.56% of the voting rights of CNP Assurances (and held directly 97.67% of the share capital and 98.49% of the voting rights at the close of the simplified tender offer).
As a result, La Banque Postale will request in the next few days to the AMF the implementation of a squeeze-out procedure in order to have the CNP Assurances shares not tendered to the Offer transferred to it, in accordance with the provisions of Articles L. 433-4, II, of the French Monetary and Financial Code and 237-1 et seq. of the AMF's General Regulation and with its intentions set out in the offer document dated April 26, 2022.
The squeeze-out will be carried out on the same financial terms as the simplified tender offer, i.e., 20.90 euros per CNP Assurances share (with a 1-euro dividend detached), and will be subject to a notice from the AMF.
As a result, La Banque Postale will request in the next few days to the AMF the implementation of a squeeze-out procedure in order to have the CNP Assurances shares not tendered to the Offer transferred to it, in accordance with the provisions of Articles L. 433-4, II, of the French Monetary and Financial Code and 237-1 et seq. of the AMF's General Regulation and with its intentions set out in the offer document dated April 26, 2022.
The squeeze-out will be carried out on the same financial terms as the simplified tender offer, i.e., 20.90 euros per CNP Assurances share (with a 1-euro dividend detached), and will be subject to a notice from the AMF.
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