Summary by Futu AI
L'Occitane Holding S.A. announced on July 23, 2024 that its acquisition offer for L'Occitane International S.A. has been validly accepted, resulting in a holding of at least 90% of the shares that are not of common interest, and has become unconditional in all respects. According to the relevant rules, the offeror has the right to make a mandatory offer for the remaining shares. The company provided further details on the mandatory offer on August 2, 2024, and announced the end of the offer acceptance on August 6, 2024. The offeror will forcibly acquire the remaining shares at a price of HK$34.00 per share and pay the total consideration to the trust account before October 8, 2024. The shares will be forcibly transferred to the offeror on October 15, 2024. If shareholders want to receive payment, they must provide ownership certificates and payment collection forms. All relevant documents must be submitted before October 15, 2024. Shareholders also have the right to apply to the court before the notification deadline for an order prohibiting the offeror from acquiring their remaining shares.
