PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF THE SQUEEZE-OUT OF TARKETT
PRESS RELEASE DATED 12 DECEMBER 2025 REGARDING THE IMPLEMENTATION OF THE SQUEEZE-OUT OF
TARKETT
FOLLOWING THE PUBLIC BUY-OUT OFFER FOLLOWED BY A SQUEEZE-OUT
INITIATED BY
TARKETT PARTICIPATION
| AMOUNT OF INDEMNIFICATION: €17 per Tarkett ordinary share |
| AUTORITE DES MARCHES FINANCIERS This press release has been prepared by Tarkett Participation and distributed in accordance with the provisions of Article 237-3 III of the General Regulations of the Autorité des marchés financiers (the “AMF”) and Article 9 of AMF Instruction No. 2006-07 relating to takeover bids, as amended. |
Target company: Tarkett, a société anonyme with a supervisory board and management board, whose registered office is located at Tour Initiale - 1, Terrasse Bellini, 92919 Paris La Défense Cedex, registered with the Nanterre Trade and Companies Register under number 352 849 327 (“Tarkett” or the “Company”) and whose shares are listed on compartment B of the regulated market of Euronext in Paris (“Euronext Paris”) under ISIN code FR0004188670, ticker symbol “TKTT” (the “Shares”).
Offeror: Tarkett Participation1 , a société par actions simplifiée with its registered office at Tour Initiale - 1, Terrasse Bellini, 92919 Paris La Défense Cedex, registered with the Nanterre Trade and Companies Register under number 898 347 877 (“Tarkett Participation” or the “Offeror”).
Terms of the squeeze-out: Following the public buy-out offer initiated by the Offeror on the Company’s Shares, which was the subject of a clearance decision from the AMF dated June 5, 2025 (see D&I 225C0943 of June 6, 2025) and which took place from June 11, 2025 to June 24, 2025 (inclusive), and its reopening from November 24, 2025 to December 5, 2025 (inclusive) (the “Offer”), the Offeror held directly and indirectly 64,697,159 Shares, representing 98.70% of the share capital and 99.29% of the theoretical voting rights based on a total number of 65,550,281 shares representing 123,938,579 theoretical voting rights of the Company as of November 30, 2025.
It should also be noted that, as of the date hereof, the Offeror holds, in accordance with the assimilation rule provided for in Article L. 233-9 I, 2° and 4° of the French Commercial Code, 32,209 free Shares under retention definitively allocated and subject to liquidity agreements and 18,559 treasury Shares not tendered by the Company to the Offer (together, the “Excluded Shares”). The Excluded Shares will therefore not be transferred to the Offeror as part of the squeeze-out procedure.
Excluding the Excluded Shares, the Tarkett Shares not tendered to the Offer (including in the context of its reopening) by minority shareholders amount to 853,122 and represent, upon completion of the Offer, 1.30% of the share capital and 0.71% of the theoretical voting rights of the Company2.
Hence, the conditions set forth in Article L. 433-4 II of the French Monetary and Financial Code, as well as in Articles 237-1 et seq. of the AMF’s General Regulations for the implementation of the squeeze-out procedure have been met, given:
- the 853,122 Tarkett Shares not tendered to the Offer by minority shareholders represent no more than 10% of Tarkett’s share capital and voting rights;