Alyrick BV meets takeover bid requirements for Smartphoto Group NV

Smartphoto group NV announced Alyrick BV revealed the results of the reopened period of its mandatory public takeover bid in cash for all outstanding shares in Smartphoto not already held by Alyrick or its affiliates. The mandatory reopening of the Bid commenced on 26 May 2025 and ended on 16 June 2025.  During the mandatory reopening of the Bid, 134,452 shares in Smartphoto were additionally offered in the Bid (or a total of 3.41% of the number of outstanding shares).

As a result, Alyrick will hold 3,021,164 shares in Smartphoto (or a total of 76,64% of the number of outstanding shares). Accordingly, Alyrick, together with its related persons (being Alychlo NV, Cecan NV and Smartphoto), will hold 3,815,328 shares in Smartphoto, or a total of 96.79% of the number of shares outstanding.

Since Alyrick and other related persons will hold more than 95% of Smartphoto’s shares, Alyrick meets the conditions for proceeding with a simplified squeeze-out in accordance with Article 7:82 of the Company and Associations Code in conjunction with Articles 42 and 43 in conjunction with Article 57 of the Royal Decree on Takeover Bids of 27 April 2007, according to a press release.

After the completion of the reopening of the bid as a simplified squeeze-out bid, the quotation of all Smartphoto shares on Euronext Brussels will be delisted on July 9.