Through the Intended Offer, Sibelco intends to offer an extraordinary liquidity event to all its shareholders. The shareholders will be given a choice to either participate in the Intended Offer by tendering their shares in the Intended Offer and to reduce their shareholding in Sibelco or to remain fully invested in Sibelco and to benefit from the potential future value creation of Sibelco.
The Intended Offer also fits within the context of a settlement agreement concluded on 8 December 2023 between the LL/Quarzwerke group (LL/QW), Sibelco, its reference shareholder and some other parties whereby, upon buyback of own shares and payment of price, ongoing legal proceedings will be terminated and LL/QW will cease to be a shareholder of Sibelco.
