98.01% of TenCate shares tendered

Tennessee Acquisition holds 98.01% of all TenCate shares after post-acceptance period


Highlights:

• During the Post Acceptance Period 12.21% of all issued and outstanding TenCate Shares were tendered for acceptance
• Together with the 85.8% of all issued and outstanding TenCate Shares tendered for acceptance during the initial Acceptance Period under the Offer the Offeror will hold 98.01% of all issued and outstanding TenCate Shares
• The Offeror and TenCate will request Euronext to delist the TenCate Shares as soon as possible
• The Offeror intends to initiate statutory squeeze-out proceedings to obtain 100% of the Shares as soon as possible

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