L'OCCITANE (00973): The compulsory acquisition has been completed and all remaining shares have been transferred to the offeror

According to the Zhitong Finance App, L'OCCITANE (00973) and the offender L'Occitane Holding S.A., jointly announced that on August 7, 2024, the offeror will send mandatory takeover notices to all remaining share holders (remaining holders). The notice period for remaining holders to object to the compulsory takeover notice in a court with competent jurisdiction in Hong Kong or Luxembourg expires on October 8, 2024 (i.e. notice deadline). According to a search of the relevant courts in Hong Kong, no application against the compulsory takeover notice has been filed with the competent court in Hong Kong. In Luxembourg, no subpoena or ex parte order against a forced takeover notice was served at the offender's registered office or Hong Kong address designated by the offeror (according to section 66 of the new Luxembourg Code of Civil Procedure). Since no application against the compulsory takeover notice was filed before the notice deadline, the offeror has to acquire the remaining shares in accordance with the terms of the compulsory acquisition notice.

On October 15, 2024, the compulsory acquisition was completed, and all remaining shares were transferred to the offeror. The total price payable to the remaining holders (after deducting the seller's ad valorem stamp duty) has been paid by the offeror to the Company, and the Company will hold the relevant amount in the trust account until: all remaining holders have paid their costs in accordance with the compulsory acquisition; and until the end of 10 years from the notice deadline (whichever is earlier). Checks to pay the price of the compulsory acquisition will be sent to the remaining holders in accordance with the notice of compulsory acquisition. On October 15, 2024, due to the completion of the compulsory acquisition and since the completion of the compulsory acquisition, the Company has become a wholly-owned subsidiary of the offender.

The Exchange has approved the withdrawal of the shares from the listing status on the Main Board of the Stock Exchange in accordance with Rule 6.15 (1) of the Listing Rules. The last date and time for shares to be traded on the Stock Exchange is 4:10 p.m. on September 12, 2024 (Thursday), and the shares will be withdrawn from their listing status on the Stock Exchange starting at 9:00 a.m. on October 16, 2024 (Wednesday).