|May 19, 2021
Appointment of an independent expert in connection with the simplified mandatory tender offer targeting ENGIE EPS
Paris, 19 May 2021 – Following the announcement by ENGIE EPS on 20 April 2021 of the contemplated simplified tender offer targeting the outstanding shares of ENGIE EPS to be filed by Taiwan Cement Corporation (“TCC”) (the “Offer“), the Board of Directors of ENGIE EPS, upon recommendation of the ad hoc committee, appointed Associés en Evaluation et Expertise Financière as independent expert.
TCC informed ENGIE EPS that it is aiming for ENGIE EPS to remain listed on the regulated market of Euronext Paris and, therefore, that it is not planning to request the implementation of a squeeze-out procedure upon closing of the Offer.
In accordance with Article 261-1 I 1° and 2° of the general regulation of the Autorité des marchés financiers, the independent expert will be in charge of issuing a report on the financial terms of the Offer.
The ad hoc committee of the Board of Directors of ENGIE EPS will monitor the works of the independent expert in accordance with applicable regulations.
The Board of Directors of ENGIE EPS will meet in order to issue, on the basis of the report of the independent expert, a reasoned opinion (avis motivé) on the Offer, as provided by article 231-19 of the general regulations of the Autorité des marchés financiers.
The report of the independent expert and the reasoned opinion of the Board of Directors will be included in the draft response document to be prepared by ENGIE EPS and which will be submitted to the Autorité des marchés financiers for approval.