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 95.95% of the shares of Intervest. TPG has therefore met the conditions for a simplified squeeze-out offer under Belgian takeover legislation.
  • 2% premiumover 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
  • 47,8% premium over the last 1-month volume-weighted average price (VWAP), +52.2% 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.
  • Payment of the offer price of the shares tendered during the subsequent acceptance period will be made on 18th April 2024.
  • Payment of the offer price for the shares tendered during the acceptance period of the simplified squeeze-out offer 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 will be approved at Intervest’s annual general shareholders’ meeting taking place on 24 April 2024.

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*This is a quote mentioned in press articles and as such is just an extract of the full report. Investors should not use the quote on itself as a basis to make their investment decision. Degroof Petercam discloses on its report that it acts as Liquidity Povider for this company and has provided corporate finance services to the company in the past. The publication of the quote is done by the owner of the microsite and on their own responsibility.