Xeikon shareholders can voluntarily transfer their shares to XBC before 6 January 2022

Xeikon shareholders

•    Judgment rendered by the Enterprise Chamber in the buy-out proceedings on Xeikon shares
•    Price to be paid: € 11.49 (buy-out price of € 9.73 + statutory interest of € 1.76)
•    Voluntary transfer to XBC possible between 8 November 2021 and 5 January 2022
•    Transfer by operation of law of shares not voluntarily transferred will occur on 7 January 2021

On 21 September 2021, the Enterprise Chamber of the Court of Appeal in Amsterdam, the Netherlands (the Enterprise Chamber), rendered its judgment in the statutory buy-out proceedings initiated by XBC B.V. (XBC) to acquire any shares of Xeikon N.V. (Xeikon) not already acquired XBC in its previously completed tender offer for all outstanding ordinary shares of Xeikon (the Shares).

The Enterprise Chamber ordered all remaining shareholders in Xeikon to transfer the unencumbered right to their Shares to XBC. It determined that € 9.73 is the fair price per Share, subject to statutory interest calculated from 31 January 2014 until the date of transfer of the Shares. XBC was ordered to pay this price plus interest in exchange for the transfer of the unencumbered right to the Shares.

Voluntary transfer

XBC calls upon the Xeikon shareholders to effect the voluntary transfer to XBC of the unencumbered right to the Shares between 8 November 2021 and 5 January 2022, at 15.00 hours CET, by instructing their bank, broker or other financial intermediary to have their shares credited to XBC's securities account. On 6 January 2022, XBC will pay the price of € 11.49 (€ 9.73 plus interest up to and including 6 January 2022) to those Xeikon shareholders that have voluntarily transferred their Shares before 5 January 2020, at 15.00 hours CET. No brokerage or bank fees or other costs incurred by such Xeikon shareholders will be reimbursed by XBC.

Transfer by operation of law

On 7 January 2022, an amount of € 11.49 per share will be paid into consignment with the Dutch consignment office (a body of the Dutch Ministry of Finance) for all Shares not offered within the aforementioned period. Upon such payment, the unencumbered title to such Shares will transfer to XBC by operation of law. After such operation, Xeikon shareholders may request the Dutch consignment office for payment of the price plus interest for their Shares.