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     117  0 Kommentare Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024 runs until June 21, 2024

    Update on Upbeat BidCo's simplified public tender offer for Believe shares

    Evolution of the free float of Believe shares

    The offer opened on June 3, 2024 runs until June 21, 2024

    Paris, June 14, - 2024 – Following the acquisitions completed in the context of the simplified public tender offer initiated by Upbeat BidCo on the existing shares of Believe (the’« Offer »), BidCo holds as of today 85.04% of the share capital and 73.27% of the voting rights of Believe1 2.

    As a consequence, the free float of Believe shares is now at 14.96% of the share capital.

    The fact that the free float3 represents less than 15% of the share capital should lead to Believe's shares soon being removed from certain stock market indexes to which Believe currently belongs.

    In accordance with the Offer timetable published by the Autorité des Marchés Financiers (« AMF »), the Offer will be open until June 21, 20244 included and, being a simplified tender offer, will not be subject to reopening.  

    The results of the Offer will be published at the latest on June 25, 2024.

    It should be noted that Upbeat BidCo indicated in its offer document, which received visa no. 24-179 from the AMF, that it did not intend to implement a mandatory squeeze-out procedure at the end of the Offer, in accordance with the provisions of article L. 433 4, II of the French Monetary and Financial Code and article 237-1 of the AMF's general regulations, for shares not tendered to the Offer by minority shareholders.

    About Believe
    Believe is one of the world’s leading digital music companies. Believe’s mission is to develop independent artists and labels in the digital world by providing them the solutions they need to grow their audience at each stage of their career and development. Believe’s passionate team of digital music experts around the world leverages the Group’s global technology platform to advise artists and labels, distribute and promote their music. Its 1,919 employees in more than 50 countries aim to support independent artists and labels with a unique digital expertise, respect, fairness and transparency. Believe offers its various solutions through a portfolio of brands including Believe, TuneCore, Nuclear Blast, Naïve, Groove Attack, AllPoints, Ishtar and Byond. Believe is listed on compartment B of the regulated market of Euronext Paris (Ticker: BLV, ISIN: FR0014003FE9). www.believe.com

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    Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024 runs until June 21, 2024 Update on Upbeat BidCo's simplified public tender offer for Believe shares Evolution of the free float of Believe shares The offer opened on June 3, 2024 runs until June 21, 2024 Paris, June 14, - 2024 – Following the acquisitions completed in …

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