Public Buy-back Offer on Neuhaus 06-11-2006
The Board of Directors of Compagnie du Bois Sauvage discussed on Monday, 6 November 2006, whether it was appropriate to maintain the Euronext Brussels free market listing of Neuhaus.
It duly noted:
- the stock's very low liquidity, on average 30 shares a day for the last 6 months,
- that the stock's market value is less than the conditions of last February's tender offer,
- the negligible market interest in the stock market listing.
Accordingly it decided to launch a Public Buy-back Offer ("squeeze-out") for the 44,466 Neuhaus shares still in circulation (4.78% of the capital).
The unit price proposed is EUR 54.40 per share based on a report drawn up by an independent expert.
A complete folder relating to the Offer has been deposited with the Banking, Finance and Insurance Commission. The availability of the prospectus will be announced in the press. back