Lucas Bols N.V.: Lucas Bols raises EUR 20 million through a private placement of new shares

Amsterdam, 12 March 2024 - Lucas Bols N.V. ("Lucas Bols" or the "Company"), a leading global cocktail and spirits player, announces that it has raised approximately EUR 20 million through a private placement (the "Private Placement") of 1,111,112 new ordinary shares (the "New Shares") with HollandsGlorie B.V., an affiliate of Nolet Holding B.V. and Enix NV. The New Shares have been placed at a price of EUR 18.00 per New Share (the "Placing Price'') being equal to the consideration per ordinary share offered by HollandsGlorie B.V. under the recommended cash offer for all issued and outstanding ordinary shares in the capital of Lucas Bols, as declared unconditional (gestand gedaan) on 7 February 2024.

The Company intends to use the net proceeds from the Private Placement to strengthen its balance sheet by further reducing its leverage.

The New Shares were placed at a premium of approximately 15% to the closing price of EUR 15.65 of the Company's shares listed on Euronext Amsterdam on 12 March 2024. The placement of the New Shares at the Placing Price results in gross proceeds of approximately EUR 20 million and the New Shares represent approximately 7.42% of the existing issued share capital of Lucas Bols.

The management board and supervisory board of Lucas Bols consider the Private Placement to be in the best interest of the Company and the sustainable, long-term success of its business, especially taking into account the interests of all the Company's stakeholders, including its shareholders.

Settlement of the transaction and admission to listing and trading of the New Shares on Euronext Amsterdam are expected to take place on 15 March 2024.

Following settlement of the Private Placement, the total number of shares that the Company has in issue will be 16,083,868 with a nominal value of EUR 0.10 each. The total number of voting rights of the Company will be 16,083,868 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company. The New Shares will rank pari passu in all respects with the existing ordinary shares in the Company and will be issued under the Company's shareholder authorisation provided by the annual general meeting of Lucas Bols held on 7 July 2023.

No prospectus is required in respect of the Private Placement and no prospectus or similar document will be published in connection with the Private Placement.

Advisers
ABN AMRO Bank N.V. (in cooperation with ODDO BHF SCA) and Coöperatieve Rabobank U.A. (in cooperation with Kepler Cheuvreux S.A.) have acted as financial advisers in relation to the Private Placement.

For more information
Huub van Doorne (CEO) / Frank Cocx (CFO)
[phone]
Lucas Bols is listed on Euronext Amsterdam in the Netherlands
ISIN: NL0010998878
Symbol: BOLS
For more information please visit: www.lucasbols.com