FNAC Fnac Darty SA

95% of Unieuro’s share capital exceed

95% of Unieuro’s share capital exceed

PRESS RELEASE

Ivry-sur-Seine, France — December 6, 2024, 6:30 CEST

THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IS NOT PERMITTED IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER COUNTRY WHERE SUCH COMMUNICATION WOULD VIOLATE THE RELEVANT APPLICABLE REGULATION

VOLUNTARY PUBLIC TENDER AND EXCHANGE OFFER FOR ALL THE SHARES OF UNIEURO

95% OF UNIEURO’S SHARE CAPITAL EXCEED

With reference to:

  • the voluntary public tender and exchange offer (the “Offer”) pursuant to Articles 102 and 106, paragraph 4, of the Italian Legislative Decree no. 58 of February 24, 1998, as subsequently integrated and amended (the “CFA”), launched by Fnac Darty SA (“Fnac Darty”) and RUBY Equity Investment S.à r.l. (“Ruby” and together with Fnac Darty, the “Offerors”) for all of the ordinary shares of Unieuro S.p.A. (“Unieuro” or the “Issuer”) not already held by the Offerors, including the treasury shares directly or indirectly held, from time to time, by Unieuro, as well as
  • the consequent Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA,

the Offerors hereby announce that, as a result of the Requests for Sale submitted as of today in the context of the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA as well as of the Unieuro Shares purchased on the market as of today by Fnac Darty V SAS (“HoldCo”), as a Person Acting in Concert with the Offerors for the purpose of the Offer, the threshold of 95% of the share capital of Unieuro has been exceeded.

All terms not defined in this press release shall have the same meaning given to them in the offer document, approved by Consob with resolution no. 23231 of 23 August 2024, and published on 24 August 2024 (the “Offer Document”) among others, on the website of Unieuro () and on the website of Fnac Darty (), as well as in (i) the notice published on 12 November 2024 concerning the final results of the Reopening of the Tender Period (the “Notice of 12 November 2024”), (ii) the notice published on 15 November 2024 whereby supplemental information on the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA was provided (the “Notice of 15 November 2024”) and (iii) the notice published on December 5, 2024 concerning the extension of the Period for the Submission of the Requests for Sale for additional no. 3 Trading Days (the “Notice of 5 December 2024”).

Based on the information available as of today, in the context of the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA, additional no. 373,821 Unieuro Shares (equal to 1.79% of the share capital of Unieuro) have been tendered in the Offer. Therefore, taking into account the Unieuro Shares already held by the Offerors and HoldCo as of today and the treasury shares owned by Unieuro, the Offerors, jointly with HoldCo, will come to hold 95.45% of the share capital of Unieuro. In light of the above, the requirements for the exercise of the Right to Squeeze-out pursuant to Article 111 of the CFA and for the fulfilment of the Obligation to Purchase under Art.108, par.1, of the CFA have been met.

Following the conclusion of the Extended Period for the Submission of the Requests for Sale, which will end on 11 December 2024, and whose payment date will be 18 December 2024, the Offerors will implement the Joint Procedure in connection with any further remaining Shares, other than those already held by the Offerors and HoldCo, still outstanding on the New Payment Date of the Obligation to Purchase under Art. 108, Par. 2, of the CFA. The terms of the Joint Procedure will be agreed with Consob and Borsa Italiana pursuant to Article 50-quinquies, paragraph 1, second sentence of the Issuers’ Regulation and which will entail the transfer to the Offerors of the ownership of such further remaining Shares.

For further information on the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA, as well as on the Joint Procedure, please refer to the Notice of 12 November 2024, the Notice of 15 November 2024 and the Notice of 5 December 2024. In accordance with the applicable regulations, the Offerors will issue a notice on the preliminary results of the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA, whereby they will provide information on: (i) the number of Shares targeted by the Joint Procedure; (ii) the terms and timing of the Joint Procedure; and (iii) the procedure and the timing for the delisting of Unieuro. Such information shall then be confirmed in the notice on the final results of the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA, which will be issued by 7:29 a.m. on 17 December 2024.

*****

Legal Disclaimer

The Offer and the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA are being launched exclusively in Italy and will be made on a non-discriminatory basis and on equal terms to all holders of Unieuro shares, as set out in the notice published pursuant to Article 102 of Italian Legislative Decree No. 58 of February 24, 1998 and as further described in the Offer Document published in accordance with the applicable regulations.

The Offer and the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA have not been and will not be made in the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the “United States”), Canada, Japan, Australia and any other jurisdictions where making them or tendering therein would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority (such jurisdictions, including the United States, Canada, Japan and Australia, the "Excluded Countries"), by using national or international instruments of communication or commerce of the Excluded Countries (including, by way of illustration, the postal network, fax, telex, e-mail, telephone and internet), through any structure of any of the Excluded Countries’ financial intermediaries or in any other way. No actions have been taken or will be taken to make the Offer and/or the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA possible in any of the Excluded Countries.

Copies, full or partial, of any documents relating to the Offer and/or the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA, including this press release, are not and should not be sent, or in any way transmitted, or otherwise distributed, directly or indirectly, in the Excluded Countries. Any person receiving any such documents shall not distribute, send or dispatch them (whether by post or by any other mean or device of communication or international commerce) in the Excluded Countries. Any document relating to the Offer and/or the Procedure to Comply with the Obligation to Purchase under Art. 108, Par. 2, of the CFA, including this press release, do not constitute and shall not be construed as an offer of financial instruments addressed to persons domiciled and/or resident in the Excluded Countries. No securities may be offered or sold in the Excluded Countries without specific authorization in accordance with the applicable provisions of the local law of the Excluded Countries or a waiver thereof.

This press release is not an offer to sell or a solicitation of offers to purchase or subscribe for shares.

This press release and the information contained herein are not for distribution in or into the United States. This press release does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Fnac Darty have not been and will not be registered under the U.S. Securities Act and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.

About Fnac Darty

Operating in 13 countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and domestic appliances. The Group, which has almost 25,000 employees, has a multi-format network of more than 1,000 stores at the end of December 2023, and is ranked as a major e-commerce player in France (more than 27 million unique visitors per month on average) with its three merchant sites, fnac.com, darty.com and natureetdecouvertes.com. A leading omnichannel player, Fnac Darty’s revenue was around €8 billion in 2023, 22% of which was realized online. For more information:

CONTACTS

ANALYSTS/INVESTORS

Domitille Vielle – Head of Investor Relations – – +33 (0)6 03 86 05 02

Laura Parisot – Investor Relations Manager – – +33 (0)6 64 74 27 18

PRESS

Marianne Hervé – – +33 (0)6 23 83 59 29

Attachment



EN
06/12/2024

Underlying

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

Reports on Fnac Darty SA

 PRESS RELEASE

Information on the total number of shares and voting rights, 31 May 20...

Information on the total number of shares and voting rights, 31 May 2025 Ivry-sur-Seine – France, June 2, 2025 Regulated information INFORMATION ON THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Statement in compliance with article L. 233-8 II of the French commercial code and article 223- 16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des marchés financiers) Stock MarketEuronext ParisISIN CodeFR0011476928DateTotal number of shares composing the share capital of the companyTotal number of gross voting rightsTotal number of net voting rights (*)May 3...

 PRESS RELEASE

Publication du nombre d’actions composant le capital et du nombre tota...

Publication du nombre d’actions composant le capital et du nombre total de droits de vote, 31 mai 2025 Ivry-sur-Seine, le 2 juin 2025 Information réglementée PUBLICATION DU NOMBRE TOTAL D’ACTIONSET DE DROITS DE VOTE COMPOSANT LE CAPITAL Publication prévue par l’article L. 233-8 II du code de commerce et l’article 223-16 du règlement général de l’Autorité des marchés financiers Place de cotationEuronext ParisCode ISINFR0011476928Date d’arrêt desInformationsNombre total d’actionsComposant le capitalNombre total de droits de vote brutNombre total de droits de vote net (*)31/05/202529 682 14...

Carole Braudeau
  • Carole Braudeau

Morning Crédit 23/05/2025

Carrefour et Ahold Delhaize aurait envisagé un rapprochement, sans succès|Grifols : Moody’s relève le rating corporate de B3/positive à B2/positive|

Carole Braudeau
  • Carole Braudeau

Credit Morning 05/23/2025

Carrefour and Ahold Delhaize reportedly considered a merger, without success|Grifols: Moody’s raises the corporate rating from B3/positive to B2/positive|

 PRESS RELEASE

Fnac Darty: Information regarding the arrangements for taking part in ...

Fnac Darty: Information regarding the arrangements for taking part in the combined general meeting (ordinary and extraordinary) of May 28, 2024, Conditions for obtaining or consulting the documents prepared for the meeting Ivry-sur-Seine, France — May 7, 2025 REGULATED INFORMATION Information regarding the arrangements for taking part in the combined general meeting (ordinary and extraordinary) of May 28, 2024 Conditions for obtaining or consulting the documents prepared for the meeting The shareholders of the Company are invited to participate in the Combined Shareholders’ Meeting (or...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch