NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
APPLICABLE LAW. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION, INCLUDING THE UNITED STATES, CANADA, SOUTH AFRICA, AUSTRALIA OR
JAPAN. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE
BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT
WHATSOEVER IN ANY JURISDICTION
GBL launches the sale of up to approximately 18.1 million shares of Mowi ASA
Groupe Bruxelles Lambert SA ("GBL"), an investment holding company listed on
Euronext Brussels, through its wholly-owned subsidiary Owen Capital S.à.r.l.,
announces the launch of an accelerated bookbuilding process to institutional
investors of up to approximately 18.1 million ordinary shares (the "Offering")
of Mowi ASA ("Mowi"). The Offering corresponds to approximately 3.5% of Mowi's
share capital.
The transaction would represent the disposal of approximately 50% of GBL's stake
in Mowi and is part of the group's ongoing portfolio rotation strategy.
The accelerated bookbuilding process will start immediately. The sale price as
well as the total number of shares sold will be announced upon completion of the
Offering, which is expected prior to market opening on June 22, 2022. Following
the settlement of the Offering, GBL expects to hold approximately 18.1 million
Mowi shares, equivalent to 3.5% of the company's share capital.
In the context of the Offering, GBL intends to enter into a lock-up agreement
relating to its remaining Mowi shares, lock-up of which is expected to end after
a period of 90 calendar days from the settlement date of the Offering, subject
to certain exceptions or waiver by the Bookrunner.
Goldman Sachs Bank Europe SE is acting as Sole Bookrunner of the transaction.
For more information, please contact:
Xavier Likin,
Chief Financial Officer
Tel: +32 2 289 17 72
xlikin@gbl.be
Alison Donohoe
Head of Investor Relations
Tel: +32 2 289 17 64
adonohoe@gbl.be
About Groupe Bruxelles Lambert
Groupe Bruxelles Lambert ("GBL") is an established investment holding company,
with over sixty years of stock exchange listing, a net asset value of EUR 21.3
billion and a market capitalization of EUR 14.7 billion at the end of March
2022. GBL is a leading investor in Europe, focused on long-term value creation
and relying on a stable and supportive family shareholder base. GBL is both a
responsible company and investor and perceives ESG factors as being inextricably
linked to value creation.
GBL strives to maintain a diversified high-quality portfolio of listed and
private assets as well as alternative investments (through Sienna Investment
Managers, the group's alternative investment platform), composed of global
companies that are leaders in their sector, to which it can contribute to value
creation by being an active professional investor.
GBL is focused on delivering meaningful growth by providing attractive returns
to its shareholders through a combination of growth in its net asset value, a
sustainable dividend and share buybacks.
GBL is listed on Euronext Brussels (Ticker: GBLB BB