Following the initial period of the public tender offer for Verallia's shares (the "Offer"), BWGI will hold 84,937,142 Verallia shares, representing 70.31% of its share capital and 62.81% of its voting rights.
Regulatory News:
The initial period of the Offer initiated by BWGI, acting through Kaon V1, on the Verallia shares that it does not already own, closed successfully on July 25, 2025. 50,097,577 Verallia's shares were tendered to the Offer during its initial period, representing 41.47% of Verallia's share capital and 34.88% of its voting rights, allowing BWGI to hold 70.31% of Verallia's share capital and 62.81% of its voting rights from the settlement-delivery of the initial Offer.
BWGI, which therefore becomes the controlling shareholder of Verallia, intends to support Verallia in creating long-term value by executing its strategic plan, which places innovation and the energy transition at the heart of its project.
The notice of results (avis de résultat) published by the French financial markets authority ("AMF") is available on its website (www.amf-france.org).
The settlement-delivery of the initial Offer will take place on August 1st, 2025.
Reopening of the Offer
In accordance with the provisions the AMF's General Regulation, the Offer will be reopened for 10 trading days, under the same financial terms as those set out in Kaon V's offer document approved by the AMF's under number no. 25-196 on June 5, 2025 (i.e. an Offer price of €28.30 per Verallia share), in order to enable shareholders who have not tendered their shares to the initial Offer to do so during the reopened Offer if they wish to.
The AMF will publish a notice related to the timetable of the reopened Offer, which will be available on its website (www.amf-france.org).
The tender procedure and the centralization of the reopened Offer will be identical to those applicable to the initial Offer, it being specified, however, that tender orders to the reopened Offer will be irrevocable.
The documentation relating to the Offer, including the "other information" documents relating to the legal, financial and accounting characteristics of Kaon V and Verallia, is available on both Verallia's (www.verallia.com) and the AMF's (www.amf-france.org) websites.
D.F. King Ltd is acting as information agent for Verallia's institutional shareholders (contact: Mr. David Chase Lopes, Managing Director, EMEA, david.chaselopes@dfkingltd.co.uk).
A guide for investors in the form of "questions and answers" is available on Verallia's website (www.verallia.com) to address questions that may be raised by shareholders.
About Verallia
At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all.
With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024.
Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement.
Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid Small and CAC All-Tradable.
Disclaimer
This press release does not constitute an offer to purchase securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Any decision regarding the Offer must be based exclusively on the information contained in the Offer documents.
This press release has been prepared for information purposes only. The distribution of this press release, the Offer and its acceptance may be subject to specific regulation or restrictions in certain countries. The Offer is not intended for persons subject to such restrictions. Consequently, persons in possession of this press release are required to inquire about any local restrictions that may apply and to comply with them. Verallia assumes no responsibility for any violation of these restrictions by anyone.
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1 BWGI is acting as the investment manager of Kaon V, a sub-fund of Kaon Investment Fund ICAV and direct shareholder of Verallia.
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Contacts:
Press contacts
Sara Natij Laurie Dambrine
verallia@comfluence.fr +33 (0)7 68 68 83 22
Investor relations contacts
David Placet david.placet@verallia.com
Benoit Grange
Tristan Roquet-Montégon
verallia@brunswickgroup.com
