In anticipation of the publication of its first half-year 2022 results scheduled for 26 August 2022, Recticel hereby indicates that for the fiscal year 2022 its Engineered Foams segment will be accounted for under IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations.
As of this morning, the UK Competition and Markets Authority (the “CMA”) has published its decision that the remedy undertakings offered by Carpenter cannot be accepted by the CMA under the Enterprise Act 2002 and that it will refer the case to Phase 2 (the CMA’s publication can be found here.
This means that the CMA will investigate in more detail what impact the intended transaction will have on competition, and what remedy undertakings could be committed to by the parties in order to allow for clearance of the transaction.
Recticel announces that on 4 July 2022 the UK Competition and Markets Authority (the “CMA”) has issued its Phase I decision with respect to the divestment by Recticel of its Engineered Foams business line to Carpenter (the “Transaction”) and has found that the Transaction would raise competition concerns in the UK market.
Recticel announces that on 30 June 2022 its share capital has been increased following the exercise of 22,000 subscription rights of the warrant plan issued on 25 April 2018. This resulted in the issuance of 22,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 04 July 2022.
Disclosure of a transparency notification (Article 14, first paragraph, of the Act of 2 May 2007 on the disclosure of major holdings)
In accordance with the Act of 2 May 2007 on the publication of important participations in listed companies, Recticel (Euronext: REC) publishes the following notification:
1. Summary of notification
Disclosure of a transparency notification (Article 14, first paragraph, of the Act of 2 May 2007 on the disclosure of major holdings)
In accordance with the Act of 2 May 2007 on the publication of important participations in listed companies, Recticel (Euronext: REC) publishes the following notification:
1. Summary of notification
Recticel announces that on 31 May 2022 its share capital has been increased following the exercise of (i) 20,000 warrants of the warrant plan issued on 29 April 2016, (ii) 25,000 warrants of the warrant plan issued on 30 June 2017, and (iii) 35,500 warrants of the warrant plan issued on 25 April 2018. This resulted in the issuance of 80,500 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 08 June 2022.