Axens increase takeover bid to acquire Heurtey Petrochem Group

Axens is increasing the price of its voluntary takeover bid proposal submitted to the AMF (French capital markets authority) on October 12th, 2016 to 25 euros per share (fixed price, without additional price) in order to strengthen the attractiveness of the bid offered to Heurtey Petrochem's shareholders (see Axens’ Press Release dated October 12th, 2016).

The increased price represents a 37.1% premium over the closing share price as at Monday, October 10 (18.24 euros) and a 44.1% premium over the per share volume-weighted average price over the last 3 months prior to October 10, 2016.

Accordingly, an updated draft information memorandum has been submitted this day to the AMF.

For more information, please visit www.axens.net

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