Business
Results of Court Meeting and General Meeting
Treatt PLC announced that the recommended cash offer by Natara Global Limited for the entire issued and to be issued share capital of Treatt has lapsed. The resolutions proposed at the Court Meeting and the General Meeting did not meet the minimum threshold of 75% of shares voted needed for approval. At the Court Meeting, 40.87% of Scheme Shares voted were in favor, while 59.13% voted against. Similarly, at the General Meeting, votes for the scheme implementation totaled 14,357,047 or 40.79%, and votes against totaled 20,842,278 or 59.21%. As a result, the acquisition has lapsed, and Treatt is no longer in an offer period. Disclaimer*
About this update from Treatt Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n3 November 2025\nRECOMMENDED CASH OFFER\nfor\nTreatt PLC (\"Treatt\")\nby\nNatara Global Limited (\"Natara\")\na company controlled by funds managed by Exponent Private Equity LLP (\"Exponent\")\nRESULTS OF COURT MEETING AND GENERAL MEETING,\nLAPSING OF SCHEME AND END OF OFFER PERIOD\nOn 8 September 2025, the boards of Treatt and Natara announced that they had reached agreement on the terms of a recommended cash offer by Natara for the entire issued and to be issued share capital of Treatt (the \"Acquisition\").\nOn 6 October 2025, the boards of Treatt and Natara announced that they had reached agreement on the terms of an increased recommended cash offer at a price of 290 pence in cash for each Treatt Share for the entire issued and to be issued share capital of Treatt (the \"Increased Cash Offer\"). It was proposed that the Acquisition be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). A scheme document in respect of the Increased Cash Offer was posted by Treatt to Treatt Shareholders 6 October 2025 (the \"Scheme Document\").\nEarlier today, Treatt convened the Court Meeting and the General Meeting in relation to the Scheme. The total percentage of votes in favour of the resolutions at the Court Meeting and the General Meeting was below the minimum threshold (75% of shares voted) needed to approve the Scheme.\nAs a result of the votes cast at the Court Meeting and the General Meeting, the Treatt Directors note that the Acquisition has not satisfied the conditions outlined in the Scheme Document and as such, the Acquisition has now lapsed. As the Acquisition has lapsed, Treatt is no longer in an offer period for the purposes of the Takeover Code.\nFull details of the resolution that was proposed at the Court Meeting and the General Meeting are set out in the notice of the Court Meeting and of the General Meeting contained in the Scheme Document.\nVijay Thakrar, Chairman of Treatt, said:\n\"At the time of its recommendations on 8 September, and subsequently, 6 October, the Board had for some months carefully considered a potential combinatio...