Following a Post-Closing Acceptance Period after the identity companies' merger, which ended yesterday, approximately 97.02% of Gemalto shares have now been tendered to the Thales offer.Settlement of Shares tendered during the Post-Closing Acceptance Period will take place on 18 April 2019.Thales will initiate the statutory buy-out proceedings as soon as possible in order to obtain 100% of the Shares.Thales and Gemalto will ask Euronext to delist the Gemalto Shares shortly after Gemalto's 2019 annual general meeting, to be held on 28 May 2019.Thales and Gemalto intend to procure the delisting of Gemalto Shares from Euronext Amsterdam and Euronext Paris and terminate the listing agreement between Gemalto and Euronext. Gemalto also intends to terminate the Deposit Agreement effective as per the delisting of Gemalto Shares. These actions, which will be launched shortly after the annual general meeting of Gemalto, to be held on 28 May 2019, may adversely affect the liquidity and market value of any listed Shares not tendered. Reference is made to Section 6.13 (Liquidity and Delisting) and Section 6.14 (Termination of the ADS Deposit Agreement) of the Offer Document.
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