HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Mar.2025) — Exmar NV updated on the initial acceptance period of the voluntary and conditional public takeover bid launched by Saverex NV — the holding company of the family of Nicolas Saverys — for all shares issued by Exmar not already owned by it or persons affiliated with it ended on 13 Mar. 2025.
During the initial acceptance period, 2,375,542 shares in Exmar — a Belgian provider of floating solutions for the operation, transportation and transformation of gas and has a fleet of more than 40 gas carriers and floating gas terminals — representing 3.99% of its outstanding shares, were tendered into the bid, the company said on 20 Mar. 2025 in an official statement.
As a result, Saverex would hold a total of 53,100,056 shares in Exmar, representing 89.24% of Exmar’s outstanding shares. Taking into account the shares in Exmar held by Nicolas Saverys (7,924 shares) and by Exmar (1,956,013 shares), Saverex and persons affiliated with it together would hold 55,063,993 shares, representing 92.54% of the outstanding shares in Exmar.
Saverex has decided to waive the 95% acceptance threshold, and has consequently decided to proceed with the bid. The payment of the bid price for the shares offered during the initial acceptance period is scheduled for 27 Mar. 2025.
In accordance with the timeline provided in the prospectus, the bid will be reopened unconditionally from 27 Mar. 2025 to 16 Apr. 2025 at 16:00 (Belgian time). Shareholders who have not yet accepted the bid will thus be able to accept the Bid during this second acceptance period.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
