Rothschild & Co.: confirmation of Concordia’s takeover bid

( – Rothschild & Co. announces that its Supervisory Board has taken note of the confirmation of the intention of Concordia, main shareholder of Rothschild & Co (approximately 39% of the capital), to file a proposed offer simplified public tender targeting approximately 40% of the capital of Rothschild & Co at a price of 48.0 euros per share (coupons attached), with a view to requesting the implementation of a squeeze-out.

Prior to the filing of the draft offer, Rothschild & Co will propose to its shareholders, at the annual general meeting to be held on May 25, 2023, the payment of an ordinary dividend of 1.4 euros per share.

Rothschild & Co also plans to propose, subject to the favorable opinion of the Supervisory Board of Rothschild & Co, an exceptional distribution of reserves of 8.0 euros per share. This exceptional distribution would be conditional on Concordia’s final decision to file the offer. The announced offer price would be reduced by the amount of these two distributions.

This operation aimed at creating an entirely private group is part of Concordia’s strategy to hold the majority of the capital and voting rights of Rothschild & Co.

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