IFF Announces Voluntary Delisting From Euronext Paris
Following the delisting from Euronext Paris, the IFF Shares will remain listed on the
A voluntary sales facility procedure on the NYSE will be implemented by IFF for the benefit of its shareholders holding their IFF Shares through
- decide not to participate in the voluntary sales facility and keep their IFF Shares, which they will be able to trade on Euronext Paris through and including the trading day prior to the delisting date, and thereafter, only on the NYSE; or
- participate in the voluntary sales facility described below and sell all or part of their IFF Shares on the NYSE.
Euronext Shareholders not participating
Euronext Shareholders who do not wish to sell their IFF Shares pursuant to the Sales Facility, or otherwise have taken no action to tender their IFF Shares in the Sales Facility may only trade their IFF Shares on the NYSE following the delisting date. Any such holding and/or trade will be subject to the terms applied by their financial intermediary who will take the necessary steps to move their IFF Shares from
Participating Euronext Shareholders
Euronext Shareholders who wish to sell their IFF Shares on the NYSE pursuant to the Sales Facility must request their financial intermediaries to deliver their IFF Shares from
The IFF Shares delivered to
IFF will pay the fees for the centralization and the brokerage fee related to the sale on the NYSE of the IFF Shares delivered to
Euronext Shareholders are reminded that they may tender their IFF Shares in the Sales Facility on a voluntary basis.
No assurance can be given by IFF or
The timetable of the Sales Facility and the delisting described above may be summarized as follows (it being specified that IFF reserves the right to amend this timetable):
Sales Facility |
|
Beginning of the Sales Facility
|
Tuesday 24th November 2020 (Tender period of 10 trading days) |
End of the Sales Facility |
Tuesday 8th |
End of the centralization by |
Friday 11th |
Sales on the |
Starting on Monday 14th |
Proceeds of sale in USD converted into Euros |
Upon receipt of the funds by the bank |
Proceeds of sale distributed to the beneficiaries (i.e., holders of IFF Shares having participated in the Sales Facility) |
Upon receipt of the funds by the bank |
Delisting |
|
Last day of trading of IFF Shares on Euronext Paris |
Thursday 17th December 2020 |
Delisting of IFF Shares from Euronext Paris |
Friday 18th December 2020 |
Euronext Shareholders participating in the Sales Facility acknowledge and agree to assume the risks associated with changes in the market price of IFF Shares and currency exchange rates that may occur between the time IFF Shares are delivered to
IFF Shares will be delisted from Euronext Paris on
Shareholders are invited to contact their financial intermediaries for any additional information.
Welcome to IFF
At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.
Important Information
This press release is for information purposes only and does not constitute or form part of any advertisement, offer, solicitation or an invitation to make offers, sell, exchange or transfer, or any solicitation of any offer to subscribe for or purchase, or advertisement of, any securities, nor shall it (or any part of it) form the basis of any investment decision, contract or commitment whatsoever, and is provided for information only. The distribution of this press release may be restricted by law in certain jurisdictions, and persons into whose possession this press release or other information referred to herein come should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201119006199/en/
Contact:
Head of Investor Relations and Communications
212.708.7164
Michael.DeVeau@iff.com
Source: IFF