The acceptance period in respect of the Offer will open on 22 January 2024. The compensation granted by Sibelco for each Share tendered in the framework of the Offer (the "
Offer"), consists of the fixed component and, under certain circumstances, a variable component:
- the fixed component of the Offer Price amounts to EUR 6,850.00 per share, and will be payable in cash on the date of delivery of the shares tendered in the Offer; and
- the variable component of the Offer Price will become due if, at any time prior to the second anniversary of the closing of the Offer (which is expected to be on 15 February 2026), Sibelco or any of its direct or indirect subsidiaries, in one or more occurrences, disposes, under certain circumstances, of all or part of their Sibelco shares or all or part of their business in high purity quartz, mined at the ore bodies in Spruce Pine, North Carolina, USA currently owned by Sibelco’s subsidiary Sibelco North America, Inc (the "HPQ Business").
There will be no commitment by Sibelco or any of its direct or indirect subsidiaries that they would at any time proceed with a disposal of Sibelco shares or all or part of the HPQ Business. Accordingly, there is no guarantee that there will be a variable component of the price.
The acceptance period of the Offer starts on 22 January 2024 and ends at 4.00 p.m. CET on 5 February 2024
.
Shareholders are requested to read the Prospectus carefully and in its entirety and should base their decision on their own analysis of the terms and conditions of the Offer, taking into account the advantages and disadvantages thereof.
