Following the recent announcements made by Bois Sauvage and Greiner AG, as described in our press release on 17 May 2021, the Board of Directors has agreed to meet Greiner on Monday 24 May 2021 in Brussels. The aim of the meeting is to seek further clarity on its intended conditional voluntary public takeover bid.
The Board of Directors intends to provide its views on the envisaged transaction following the meeting.
The Board of Directors has taken notice of the press releases by Bois Sauvage and Greiner AG announcing the agreement for the sale by Bois Sauvage of its 27.03% stake in the Company to Greiner AG and Greiner AG’s intention to launch a conditional voluntary public takeover bid on the Company for EUR 13.50 per share in cash.
The Board of Directors looks to obtain additional information about the envisaged transactions in order to assess these announcements in the interest of all stakeholders.
This report presents the renewed Recticel and is structured to emphasise the Group’s renewed commitment to positive transformation with sustainability at its core. It is a guide to our company’s transition over the years and to the transformational point at which we stand now. It summarises our history, ambitions and values before explaining the two pillars of the Group’s strategic approach: our Business Development Strategy and our renewed Sustainability Strategy
Recticel announces that on 30 April 2021 its share capital has been increased following the exercise of (i) 6,000 warrants of the warrant plan issued on 23 June 2015, (ii) 7,500 warrants of the warrant plan issued on 29 April 2016, and (iii) 40,000 warrants of the warrant plan issued on 30 June 2017. This resulted in the issuance of 53,500 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 04 May 2021.
"Despite a business environment dominated by the COVID-19 pandemic outbreak and the subsequent chemical raw material supply shortage, 2020 was the year in which the transformation of our Group materialised.
In accordance with the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel (Euronext: REC) makes the following announcement:
- Net sales: from EUR 221.5 million to EUR 256.7 million (+15.9%), including a -0.4% currency effect
- Net financial debt (including FoamPartner) : EUR 238.6 million, including IFRS 16 lease liabilities
We are proud to announce that the Recticel Engineered Foams website is now up and running! Click the button below to visit our brand-new website!
Visit Recticel Engineered Foams
Recticel is pleased to announce that on 31 March 2021, it successfully acquired FoamPartner, the Swiss-based global provider of high added-value technical foams.