PROPOSED PUBLIC BUYOUT FOLLOWED BY A SQUEEZE-OUT FOR TESSI SHARES
Share block purchases by PIXEL Holding from significant non-controlling shareholders
PIXEL Holding will exceed the 90% thresholds in the Company s share capital and voting rights following these acquisitions
PIXEL Holding announces a proposed Public Buyout Offer followed by a Squeeze-out for €172 per share
Tessi, an international provider of Business Process Services, has taken note of a press release published today by its majority shareholder, Pixel Holding, announcing the acquisition of share blocks of a total 15.1% of Tessi s share capital, for between €170-172 per share (2020 exceptional dividend rights attached[i]).
Following these acquisitions, Pixel Holding will hold 97.4% of Tessi s share capital and 96.9% of voting rights.