Summary by Moomoo AI
L'OCCITANE INTERNATIONAL S.A. (“Oschudan”) announced on 28 May 2024 that it referred to the privatisation proposal and the associated liquidity arrangements made by L'Occitane Groupe S.A. (the “Contracting Party”) pursuant to Rule 3.8 of the Code of Hong Kong Companies. The Privatization Proposal, proposed by J.P. Morgan Securities (Asia Pacific) Limited on behalf of the Contracting Party, seeks to acquire all issued and issued non-core shares of Auxutane, with the exception of shares already held by the Contracting Party, and to cancel all vested rights. In addition, the Company transferred shares on May 2 and 20, 2024, to settle the exercise of call options, and on May 20, delisted a portion of unvested warrants and unpaid shares. Oshudan reminds shareholders and potential investors that share covenants and liquidity arrangements are subject to conditions and may not take place. Shareholders and potential investors should exercise caution and seek professional advice when necessary.