Mare Engineering Group SpaMIL: MARE

Xenon Reaches 20.7% of Eles At End Of Offer Acceptance Period, Renounces Mininum Threshold Condition

· Issued by Mare Engineering Group Spa

Eles Semiconductor Equipment SpA MIL:ELES on behalf of EBidCo SRL:

  • SAID ON MONDAY IT HAD PROVISIONALLY REACHED 20.771% OF ELES' ORDINARY SHARES AT END OF OFFER ACCEPTANCE PERIOD, 19.620% OF VOTING RIGHTS

  • OFFER THRESHOLD NOT MET, OFFEROR RENOUNCES TO THRESHOLD CONDITION

  • FINAL RESULTS, OFFER EFFECTIVENESS, EVENTUAL RENUNCIATION TO REMAINING OFFER EFFECTIVENESS CONDITIONS TO BE ANNOUNCED BY MARCH 5

  • OFFER ACCEPTANCE PERIOD MAY BE REOPENED FROM MARCH 9

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