Acceptance of the proposed price for the shares of the company Quilvest as fair price under the Squeeze-Out/Sell-Out Law (ISIN LU0011790804)
Press release 18/37
On 20 August 2018, the CSSF was informed by persons acting in concert and qualifying as majority shareholder (hereafter, the “Majority Shareholder”) of the company QUILVEST of the decision taken by the Majority Shareholder to exercise its squeeze-out right on the 20,714 QUILVEST shares not yet held by it, in accordance with the provisions of Article 4 (1) and (3) of the Law of 21 July 2012 on mandatory squeeze-out and sell-out of securities of companies currently admitted or previously admitted to trading on a regulated market or having been offered to the public (hereafter, the “Squeeze-Out/Sell-Out Law”).
On 24 September 2018, the Majority Shareholder communicated to the CSSF and published on 25 September 2018 the proposed price of USD 171.20 per share of the company QUILVEST together with the valuation report drawn up by PricewaterhouseCoopers, société coopérative, regarding those shares.
In light of the foregoing and taking into account that the CSSF has received no opposition letter regarding the mandatory squeeze-out project of the Majority Shareholder on the shares of the company QUILVEST, the CSSF accepts the price proposed by the Majority Shareholder of USD 171.20 per share of the company QUILVEST as fair price in accordance with the provisions of Article 4 (6) of the Squeeze-Out/Sell-Out Law. The CSSF has informed the Majority Shareholder and the company QUILVEST of the acceptance of the price.