97% of Gemalto Shares Have Been Tendered to the Thales Offer

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France | April 15, 2019– Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 29 March 2019 on the results of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the Offer) in which the Offer was declared unconditional and the Post-Closing Acceptance Period was announced. Terms not defined in this press release will have the meaning as set forth in the Offer Document.

  • Following the Post-Closing Acceptance Period, 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‚Äôs 2019 annual general meeting, to be held on 28 May 2019.

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