NEWS

Update on Intended Offer by De Gruyter for Brill

Reference is made to the joint press release issued by De Gruyter and Brill on 12 October 2023 in respect of the conditional agreement on a recommended all-cash public offer to be made by the Offeror for all the Securities in the capital of Brill at an offer price of EUR 27.50 per Security (cum dividend).

Pursuant to the provisions of Section 7, paragraph 1 sub a of the Decree, which requires a public announcement with a status update on an intended public offer within four weeks after such offer is announced, De Gruyter and Brill hereby provide this joint update on the Offer.

De Gruyter and Brill confirm that they are making good progress on the preparations for the Offer. A request for review and approval of the Offer Memorandum will be filed with the AFM no later than the end of December 2023.

De Gruyter and Brill confirm that the competition clearance process with the Austrian competition authority is ongoing. De Gruyter and Brill are closely co-operating to obtain the competition clearance and expect that clearance will be secured within the timetable of the Offer.

In compliance with the Dutch Works Councils Act (Wet op de ondernemingsraden), the works council of Brill in the Netherlands has been requested to render its advice in connection with the Offer.

www.brill.com
www.degruyter.com