(Finance) – The Taiwanese group TCC Group Holdings has increased to 1.25 euros (from the previous 1.10 euros) the offer price on NHOA (formerly Engie EPS), a company listed on Euronext Paris and active in energy storage, electric mobility and electric vehicle charging networks, which aims to delisting from the Paris Stock Exchange.
The announcement follows the reserves expressed on the fairness of the price by the ad hoc committee of the NHOA board, which had asked the TCC board to express its opinion on the matter.
The price increase of 1.25 euros per NHOA share represents a award of 114% compared to the closing price of the shares on June 12, 2024 before the announcement of the tender offer (OPA), as well as premiums of 114%, 94% and 82% respectively compared to the volume-weighted average prices in the previous 60, 120 and 180 trading days.
Accordingly, an updated draft of the offer document will be filed with the AMF by mid-September 2024. The timing of the public purchase offer will be adapted accordingly.
NHOA shares remain suspended on Euronext Paris.