BLV BELIEVE SA

Press Release of Believe’s Ad-Hoc Committee

Press Release of Believe’s Ad-Hoc Committee

Press Release of Believe’s Ad-Hoc Committee

Paris, 11 April 2024  Following the decision of Warner Music Group not to make an offer for Believe, the Ad-Hoc Committee has continued to supervise the work of the independent expert (Ledouble) on the announced cash public tender offer to be filed by the Consortium  for the Believe shares at 15 euros per share announced on 12 February 2024, which would follow the Block Acquisitions of 71.92% from the historical shareholders of the Company  (the “Offer”).

The Ad-Hoc Committee reminds that the Block Acquisitions and the ensuing Offer remain subject to the Board of Directors of Believe giving its reasoned opinion including a positive recommendation of the Offer, notably following issuance of the independent expert report.

Based on its interaction with the independent expert, the Ad-Hoc Committee expects that the Board of Directors should be in a position to give its reasoned opinion by 19 April 2024

*****

About Believe

Believe is one of the world’s leading digital music companies. Believe’s mission is to develop independent artists and labels in the digital world by providing them the solutions they need to grow their audience at each stage of their career and development. Believe’s passionate team of digital music experts around the world leverages the Group’s global technology platform to advise artists and labels, distribute and promote their music. Its 1,919 employees in more than 50 countries aim to support independent artists and labels with a unique digital expertise, respect, fairness and transparency. Believe offers its various solutions through a portfolio of brands including Believe, TuneCore, Nuclear Blast, Naïve, Groove Attack, AllPoints, Ishtar and Byond. Believe is listed on compartment B of the regulated market of Euronext Paris (Ticker: BLV, ISIN: FR0014003FE9).

Forward Looking statement

This press release contains forward-looking statements regarding the prospects and growth strategies of Believe and its subsidiaries (the “Group”). These statements include statements relating to the Group’s intentions, strategies, growth prospects, and trends in its results of operations, financial situation and liquidity. Although such statements are based on data, assumptions and estimates that the Group considers reasonable, they are subject to numerous risks and uncertainties and actual results could differ from those anticipated in such statements due to a variety of factors, including those discussed in the Group’s filings with the French Autorité des Marchés Financiers (AMF) which are available on the website of Believe (). Prospective information contained in this press release is given only as of the date hereof. Other than as required by law, the Group expressly disclaims any obligation to update its forward-looking statements in light of new information or future developments. Some of the financial information contained in this press release is not IFRS (International Financial Reporting Standards) accounting measures.

Press contacts:



Hugues Boëton | 15 

Benoit Grange | 26 



 
Investor Relations contact:





Emilie MEGEL| 60 



 

Attachment



EN
11/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on BELIEVE SA

 PRESS RELEASE

Update on Upbeat BidCo's simplified public tender offer for Believe sh...

Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024 runs until June 21, 2024 Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024 runs until June 21, 2024 Paris, June 14, - 2024 – Following the acquisitions completed in the context of the simplified public tender offer initiated by Upbeat BidCo on the existing shares of Believe (the’« Offer »), BidCo holds as of today 85.04% of the share ...

Jeremy Garnier
  • Jeremy Garnier

ODDO : ODDO BHF Nextcap Forum: Feedback from day three

>Feedback from 52 companies present on day three - Our 13th edition of the ODDO BHF Nextcap Forum takes place on June 4 and 5 in Paris, and on June 6 virtually. Following the third day, which took place yesterday virtually at our Paris office with 52 companies in attendance, we publish hereafter feedback for those companies present:Aedas HomesLhyfeAfyrenMaisons Du MondeAltamirMcPhy EnergyAltriMister SpexAtresmediaNein...

Jeremy Garnier
  • Jeremy Garnier

ODDO : ODDO BHF Nextcap Forum : Feedbacks 3ème journée

>Feedback de 52 sociétés présentes le 3ème jour - Notre 13ème édition du ODDO BHF Nextcap Forum a lieu les 4 et 5 juin en physique à Paris et le 6 juin en virtuel. Suite à la troisième journée qui a eu lieu hier en virtuel avec 53 de sociétés présentes, nous publions ci-après un feedback pour chacune des sociétés couvertes :Aedas HomesLhyfeAfyrenMaisons Du MondeAltamirMcphy EnergyAltriMister SpexAtresmediaNeinor Homes§...

 PRESS RELEASE

Conditions of availability of information and documents related to the...

Conditions of availability of information and documents related to the General Meeting of June 26, 2024   Conditions of availability of information and documents related to the General Meeting of June 26, 2024 Paris, June 5, 2024 – The General Meeting of the Company will be held on first notice on Wednesday, June 26th, 2024, at 3 p.m. (Paris time), at l’Espace 73 – 73, rue d’Anjou, 75008 Paris, France. The notice of meeting, including the agenda and the text of the draft resolutions, was published at the French official legal announcement publication (BA...

 PRESS RELEASE

AVAILABILITY OF THE INFORMATION REGARDING THE LEGAL, FINANCIAL AND ACC...

AVAILABILITY OF THE INFORMATION REGARDING THE LEGAL, FINANCIAL AND ACCOUNTING CHARACTERISTICS OF BELIEVE IN CONNECTION WITH THE SIMPLIFIED TENDER OFFER FOR THE SHARES OF INITIATED BY UPBEAT BIDCO This press release does not constitute a tender offer and is not intended for distribution in jurisdictions where the Offer would not be permitted. This document is an unofficial English-language translation of the French-language press release which was published by Believe on May 31, 2024. In the event of any differences between this unofficial English-language press release and the official F...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch