Completion of Unieuro Share Settlement and Euronext Delisting

Completion of the Joint Procedure for Unieuro Shares

The conclusion of the joint procedure for Unieuro shares marks a significant milestone for stakeholders involved in the transaction. Fnac Darty SA and RUBY Equity Investment S.a r.l. embarked on this journey with the intent to streamline ownership and enhance corporate strategies by consolidating their shareholding. Today, the Offerors report the completion of this procedure, which is a strategic move towards solidifying their position in the market.

Understanding the Process of Share Settlement

The joint procedure, activated under a specific regulatory framework, involved the right to squeeze-out minority shareholders. By adhering to Articles set forth in the applicable financial law, Fnac Darty and Ruby sought to acquire the remaining 687,663 ordinary shares of Unieuro not held by them or their associates. This was designed to ensure that all elements of the transaction were compliant with legal standards and were executed with the utmost transparency.

Shareholder Options and Considerations

Requesting shareholders were provided two options during the settlement. Firstly, they could opt for a combination of cash and newly issued shares of Fnac Darty, valuing each Unieuro share at Euro 9.00 for those who selected this route. Alternatively, a full cash settlement was also available at a slightly adjusted rate. The distributors ensured that the transfer of funds and shares adhered to the procedures outlined during the Offer, encouraging a smooth settlement process.

Impact on Non-Requesting Shareholders

Those shareholders who did not submit a request for the sale of their shares were automatically entitled to the original consideration offered in the joint procedure. As a result, they will receive Fnac Darty shares corresponding to their holdings, along with appropriate cash settlements for any fractional shares. This inclusion ensures equity among all stakeholders and reflects the Offeror's commitment to handling the transition fairly.

Unieuro’s Delisting from Euronext STAR Milan

As of today, Unieuro shares will officially be delisted from the Euronext STAR Milan. A prior regulatory decision by Borsa Italiana S.p.A. facilitated this process. This delisting follows closely after trading was suspended on January 6 and 7, and signifies a new chapter for both Fnac Darty and Ruby as they move forward with their corporate strategies.

Strategic Developments Post-Delisting

While the delisting may raise questions for shareholders, it is crucial to understand the strategic rationale behind the move. By unifying control under the Offerors, they aim to foster a more focused management strategy for Unieuro. Fnac Darty, as a European leader in the consumer electronics sector, is well-prepared to leverage its expertise to bolster Unieuro’s market presence and operational efficiency.

Looking Forward: Opportunities Ahead

The coming months could present intriguing opportunities for both Unieuro and its shareholders. The integration of Fnac Darty’s resources and expertise will likely stimulate positive growth trajectories and strengthen the brand's standing in the retail marketplace. Stakeholders can look forward to developments that reshape the company’s strategy for long-term success.

Frequently Asked Questions

What is the joint procedure completed by Fnac Darty?

The joint procedure allows for the acquisition of remaining shares held by shareholders during the Offer, facilitating a smoother transition for Unieuro's integration.

How does the delisting impact Unieuro shareholders?

Current shareholders will receive compensation through either cash or shares, ensuring they retain value post-delisting.

Which shares will Fnac Darty be offering to Unieuro shareholders?

Fnac Darty will offer newly issued shares and cash to shareholders who choose that option outlined in the settlement.

What strategic benefits can be expected from this settlement?

The consolidation is expected to enhance operational efficiency and market strategy, leading to potential growth opportunities for Unieuro.

How can shareholders learn more about future developments?

Shareholders are encouraged to stay tuned to official communications from Fnac Darty, which will detail upcoming strategic plans and performance updates.

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