Price of Axens takeover bid to acquire Heurtey Petrochem Group increases

Axens is increasing the price of its voluntary takeover bid proposal submitted to the AMF (French capital markets authority) on Oct. 12 to 25 euros per share (fixed price, without additional price) in order to strengthen the attractiveness of the bid offered to Heurtey Petrochem's shareholders.

The increased price represents a 37.1% premium over the closing share price as at Oct. 10 (18.24 euros) and a 44.1% premium over the per share volume-weighted average price over the last 3 months prior.

Accordingly, an updated draft information memorandum has been submitted this day to the AMF.

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