Signing of the Sale Agreement for the Acquisition of 42.06% of the Share Capital of Clasquin by SAS Shipping Agencies Services Sàrl (“SAS”)

Regulatory News:

Following the press releases dated 4 December 2023 and 21 March 2024¹ and after completion of the information and consultation procedures with the relevant employee representative bodies of Clasquin (Paris:ALCLA), which issued a favourable opinion, Yves REVOL, OLYMP and SAS Shipping Agencies Services Sàrl (“SAS”), a subsidiary of MSC Mediterranean Shipping Company SA, have signed a sale agreement for the acquisition of 42.06%² of the share capital of Clasquin by SAS, at a price of EUR 142.03 per share³.

As a reminder:

• Completion of the transaction, which will be subject to obtaining clearances from the competent regulatory authorities⁴, is expected to happen by year end;
• Upon completion of the transaction, SAS will file a tender offer with the Autorité des Marchés Financiers (AMF) for the remaining shares in the capital of Clasquin, at the same price of EUR 142.03 per share. This draft offer will be submitted to the AMF for approval;
• The transaction is supported by the Chief Executive Officer of Clasquin and other key management team members, who have committed to tender all of their Clasquin shares into SAS’ tender offer, representing in aggregate c.8.5% of the share capital⁵.
• The name of the independent expert tasked with preparing a report on the financial terms of the offer will be communicated immediately after its appointment by the Clasquin Board of Directors, on the recommendation of the ad hoc committee comprising a majority of independent directors. Clasquin’s Board of Directors will meet again to issue a substantiated opinion on the offer, after having reviewed the independent expert’s report, the ad hoc committee’s recommendation and the opinion of the Clasquin Social and Economic Committee (see Clasquin press release dated 21 March 2024).

The Clasquin Group would continue to operate together with its teams and under the Group’s brands (Clasquin, Timar, LCI-Clasquin Cargolution, CVL, Exaciel, Art Shipping International and Transports Petit in particular).

UPCOMING EVENTS (publication after market closure)

• Thursday 25 April 2024: Q1 2024 business report
• Wednesday 5 June 2024: Combined Annual General Meeting
• Thursday 25 July 2024: Q2 2024 business report
• Tuesday 17 September 2024: H1 2024 results
• Tuesday 29 October 2024: Q3 2024 business report

CLASQUIN is an air and sea freight forwarding and overseas logistics specialist. The Group designs and manages the entire overseas transport and logistics chain, organising and coordinating the flow of client shipments between France and the rest of the world and, more specifically, to and from Asia-Pacific, North America, North Africa and sub-Saharan Africa.