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Axens takeover bid on Heurtey Petrochem shares successful

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Hydrocarbon Engineering,

Axens has announced the successful outcome of its tender offer on Heurtey Petrochem shares.

The results of this offer have been recently published by the Autorite des marches financiers (the AMF, the French capital market regulator).

A total of 2 374 874 Heurtey Petrochem shares were validly tendered to the offer, which took place from 1 December 2016 to 5 January 2017.

At the settlement date of the tender offer, set on 13 January 2017, Axens will hold in concert with IFP Investissements a total of 4 144 659 shares and 4 219 159 voting rights of Heurtey Petrochem, representing 84.33% of the share capital and 83.55% of the voting rights.

Pursuant to Article 232-4 of the AMF General Regulations, the tender offer will be reopened for a period of 10 trading days. The timetable will be published by the AMF. The offer price will remain the same (€25 per share). This reopening will offer shareholders who have not yet tendered their shares an opportunity to do so at this time.

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