On June 17th, Gelunhui reported that L'OCCITANE (00973.HK) plans to acquire a controlling stake at a premium of approximately 15.25%. LOG will retain the right to provide share options (as stated in the preliminary announcement) as an additional settlement method for share tender offers (referred to as "potential share option tender offers" in the preliminary announcement). If this right is exercised, a new announcement will be made in accordance with Rule 3.5 of the Takeover Code.

On June 17, 2024, LOG notified the board of directors that LOG intends to exercise this right. In this regard, LOG has established a new registered holding company to make a tender offer and issue remaining shares in accordance with share options. As of the date of the announcement, the tender offeror is a wholly-owned subsidiary of LOG.

As of the announcement date: (a) the company has 1,474,968,200 issued and outstanding shares, 1,639,350 shares attributable to stock options, and 8,196,677 unattributed awards (each share attributable to stock options and unattributed awards represents one share); and (b) the offeror's concerted action group holds 1,071,328,991 shares (equivalent to approximately 72.63% of the company's issued and outstanding share capital), of which the tenderer's group holds 1,071,231,391 shares (equivalent to approximately 72.63% of the company's issued and outstanding share capital).

In addition, as of the announcement date, the company has 1,996,691 shares in inventory, which will not form part of the tendered shares and will not be subject to the share tender offer.

The company has applied to the Stock Exchange to resume trading of its shares at 1:00pm on June 17, 2024.