Rothschild & Co has been informed of Concordia’s intention to file a simplified tender offer for the Rothschild & Co shares
Rothschild & Co has been informed of the intention of Concordia1, the holding company of the Rothschild family and Rothschild & Co's largest shareholder, to file a simplified tender offer for the Rothschild & Co shares at €48.0 per share with dividends attached, and to request the implementation of a squeeze-out.
Rothschild & Co intends to propose to shareholders at its Annual General Meeting, to be held on 25 May 2023, the payment of an ordinary dividend of €1.4 per share. The dividend would be paid on 31 May 2023 with an ex-dividend date on 29 May 2023.
In addition, subject to the favourable opinion of its Supervisory Board, Rothschild & Co would also propose at this meeting an exceptional distribution of €8.0 per share, which would be paid only if Concordia decides to file this offer.
Rothschild & Co has taken note of this proposed transaction and in this context, its Supervisory Board has formed an ad hoc committee and appointed Finexsi, on the committee’s recommendation, as an independent expert, with the task of delivering a report including a fairness opinion on the financial terms of the simplified tender offer and on the exceptional distribution.
Rothschild & Co will keep the market informed about the progress of this project, notably during the presentation of its annual results to be held on February 13, 2023.
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For further information:
Tel: +33 1 40 74 65 26
Tel: +33 1 40 74 43 44
Tel: 0044 7515 187438
About Rothschild & Co
Rothschild & Co is a family-controlled and independent group and has been at the centre of the world’s financial markets for over 200 years. With a team of c.4,200 talented financial services specialists on the ground in over 40 countries, Rothschild & Co’s integrated global network of trusted professionals provides in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth and Asset Management, and Merchant Banking.
Rothschild & Co is a French partnership limited by shares (société en commandite par actions) listed on Euronext in Paris, Compartment A with a share capital of €154,059,554. Paris trade and companies registry number 302 519 228. Registered office: 23 bis avenue de Messine, 75008 Paris, France.
(1) “Concordia” means the entity Rothschild & Co Concordia SAS, the holding company of the Rothschild family.