Key Points of the Offer

  • All-cash offer of €21.00 per share (to be reduced with the gross dividend amount for shares tendered in the squeeze-out period)
  • TPG now indirectly through the Offeror owns 100% of the shares of Intervest.
  • 2% premium over the closing share price on October 5, 2023, the last day prior to suspension of trading in the Intervest share by the FSMA on October 6, 2023
  • 8% premium over the last 1-month volume-weighted average price (VWAP), +52.3% premium over the last 3-month VWAP, and +38.9% premium over the last 6-month VWAP
  • Support from three of the Company’s key shareholderswho have provided irrevocable undertakings to tender their shares (representing 16.12% of the issued share capital)
  • Unanimous supportof Intervest’s Supervisory and Management Boards
  • The initial acceptance periodfor shareholders to tender their shares ran from 18 January 2024 to 21 February 2024.TPG voluntarily re-opened the acceptance period for the Offer on 28th February 2024 until 28thMarch 2024, followed by a simplified squeeze-out offer, which ended on 25 April 2024
  • Payment of the offer price of the shares tendered during the simplified squeeze-out acceptance period will be made on 16 May 2024.
  • For shares tendered in the squeeze-out period, the offer price will be reduced by the total gross dividend amount per share (before any applicable tax deduction) for the financial year 2023 which were approved at Intervest’s annual general shareholders’ meeting on 24 April 2024.


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