Lalique Group Announces Tender Offer and Plans to Delist from Stock Exchange

Zurich, 31 May 2024 – Lalique Group SA (SIX: LLQ), a renowned luxury goods company, has announced its intention to delist from the SIX Swiss Exchange. This move follows a public tender offer from its majority shareholder, Silvio Denz, who is offering a premium to buy out minority shareholders. The offer period starts on 17 June 2024.

Currently, the free float of Lalique Group shares is just over 6%, making the public listing less advantageous. Silvio Denz proposes CHF 40 per share, a 27.96% premium over the 60-day volume-weighted average price and 32.45% over the 30 May 2024 closing price. The Board of Directors is in favor of this offer, supported by a Fairness Opinion from Ernst & Young AG.

The offer includes agreements with major shareholders, who will maintain their investments post-delistment. CEO Nina Müller emphasizes that the privatisation will enable long-term strategic planning, enhancing the company's growth potential across various luxury segments.