Displaying items by tag: Autorité des marchés financiers
Results of the re-opened LafargeHolcim public exchange offer
03 August 2015Europe: The Autorité des marchés financiers (AMF) has published the final results of the re-opened public exchange offer initiated by LafargeHolcim for the shares of Lafarge.
Some 25,901,191 additional Lafarge shares have been tendered. Following the settlement-delivery of the re-opened offer, which is expected to occur on 4 August 2015, LafargeHolcim will hold 278,131,864 Lafarge shares representing 96.41% of the share capital and at least 95.25% of the voting rights of Lafarge. As at least 95% of the share capital and voting rights in Lafarge have been tendered, LafargeHolcim could request the AMF to implement a squeeze-out procedure pursuant to the general regulations of the AMF for all issued and outstanding Lafarge shares not tendered to the public exchange offer. As of yet, no decision by the LafargeHolcim board of directors of LafargeHolcim has been taken in this regard.
Final public exchange offer results published for LafargeHolcim merger, Bernard Fontana steps down as Holcim CEO
10 July 2015Europe: The Autorité des marchés financiers (AMF) has published the final results of the public exchange offer initiated by Holcim Ltd for the shares of Lafarge SA.
Following the settlement-delivery of the offer expected to occur on 10 July 2015, Holcim Ltd will hold 252,230,673 Lafarge SA shares, representing 87.46% of the share capital and at least 83.94% of the voting rights of Lafarge SA based on the total number of shares outstanding as of 8 July 2015. In accordance with the AMF general regulations, the offer will be re-opened during at least 10 trading days according to a timetable that will be published by the AMF.
Holcim has announced that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities.
"It has been a pleasure and honour to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the entire team all the very best for the future," said Fontana. The board of directors has thanked Fontana for his leadership and achievements for the group, and in particular for the successful implementation of the Holcim Leadership Journey.
Andreas Leu, currently responsible for the Americas, will also leave Holcim with effect from 1 August 2015. Bernard Terver, currently responsible for Africa and the Middle East as well as South Asia, will assume the position as head of India for LafargeHolcim from the date of the closure of the merger. In this capacity he will continue his mandates in the boards of Ambuja Cements and ACC Limited in India. Holcim's board of directors and the executive committee have thanked Leu for his contributions to the success of the group and wish him all the very best for his future.