The Board of directors of Verallia S.A. held a meeting on February 4, 2025 following the announcement of BW Gestão de Investimentos Ltda (“BWGI”) confirming that it is reviewing a potential tender offer for all the shares of Verallia that it does not already hold, with no intention of taking the company private.
In order to monitor the works of the Company’s Board of directors related to this project, and pending the submission of a proposal including the detailed terms of the offer, the Board of directors has set up an ad hoc committee composed exclusively of independent members of the Board of directors within the meaning of the Afep-Medef corporate governance Code, namely:
- Mrs. Marie-José Donsion as Chairwoman of the ad hoc committee,
- Mr. Didier Debrosse, and
- Mr. Pierre Vareille.
The ad hoc committee will be in charge of (i) proposing to the Board of directors the appointment of an independent expert, (ii) monitoring the works of the independent expert that will be appointed by the Board of directors, and (iii) issuing a recommendation to the Board of directors on the interest for all of the Company’s stakeholders for the offer that may be submitted by BWGI.