Business
Vinpai: Definitive Timetable for the Acquisition of a Majority Stake in Vinpai by Camlin Fine Science Limited, Which Shall Be Completed by November 30, 2025
SAINT-DOLAY, France, September 29, 2025--Regulatory News: This press release must not be published, distributed or transmitted, directly or indirectly, in the United States of America, Australia, Canada, South Africa or Japan.
About this update from Vinpai S.a.
[{"type":"text","content":"SAINT-DOLAY, France, September 29, 2025--(BUSINESS WIRE)--Regulatory News:","length":74,"tagName":"p"},{"type":"text","content":"This press release must not be published, distributed or transmitted, directly or indirectly, in the United States of America, Australia, Canada, South Africa or Japan.","length":168,"tagName":"p","attribs":{}},{"type":"text","content":"Vinpai (ISIN: FR001400AXT1; ticker: ALVIN), a specialist in the design, manufacture and marketing of algae- and plant-based functional ingredients for the food and cosmetics industries ("Vinpai" or the "Company"), today announces a delay to the previously communicated1 timetable for the acquisition of a majority stake in Vinpai by Camlin Fine Science Limited ("CFSL") (the "Block Acquisition"). The parties intend to have the Block Acquisition completed by November 30, 2025, and thus announce the definitive timetable for the Block Acquisition.","length":587,"tagName":"p"},{"type":"text","content":"As previously announced, on February 24, 2025, CFSL and certain significant shareholders of Vinpai (the "Sellers") entered into an agreement for the Block Acquisition (the "Share Purchase Agreement"), and CFSL subscribed to 3,300 bonds convertible into shares issued by the Company for an aggregate amount of €3.3 million (the "Convertible Bonds")2. Subject to and upon completion of the Block Acquisition, the Convertible Bonds will be converted into shares of Vinpai and CFSL will launch a simplified cash tender offer for the remaining shares of Vinpai’s share capital (the "OPAS") at the same price of the Block Acquisition.","length":668,"tagName":"p"},{"type":"text","content":"The Block Acquisition is subject, among other conditions, to the issuance of newly ordinary shares of CFSL as consideration for the Block Acquisition (the "CFSL Consideration Shares"), which shall be approved by the CFSL’s shareholders (the "CFSL Shareholders’ Approval"). The Board of Directors of CFSL held on September 29, 2025 initiated the CFSL Shareholders’ Approval via postal ballot, with voting scheduled to conclude on October 29, 2025 to approve the issuance of 4,106,181 CFSL Consideration Shares3. At such meeting, the Board of Directors of CFSL has fixed the subscription of the CFSL Consideration Share...