De Gruyter declares offer for Brill unconditional, 96.12 per cent of the Securities tendered
Leiden, the Netherlands, and Berlin, Germany, 15 February 2024
- A total of 96.12% of the Securities have been tendered.
- All Offer Conditions have been satisfied or waived.
- De Gruyter declares the Offer for Brill unconditional.
- Settlement of the Offer will take place on 20 February 2024.
- Remaining Securities can be tendered during the Post-Closing Acceptance Period, commencing on 16 February 2024 and ending on 28 February 2024.
With-reference to the joint press release dated 12 October 2023 and 8 November 2023 and the Offer Memorandum, Brill and De Gruyter are pleased to announce that Securities representing 96.12% of Brill's outstanding capital have been tendered under the Offer and that all other Offer Conditions have been satisfied or waived. As a result, the Offeror declares the Offer unconditional (doet gestand). Securityholders who have not yet tendered their Securities may tender their Securities during the Post-Closing Acceptance Period, commencing on 16 February 2024 at 09:00 hours CET and ending on 28 February 2024 at 17:40 hours CET.
