Announcement • Jun 10

Borges International Group, S.L. acquired remaining 10.78% stake in Borges Agricultural & Industrial Nuts, S.A. (BME:BAIN)

Borges International Group, S.L. made an offer to acquire remaining 10.78% stake in Borges Agricultural & Industrial Nuts, S.A. (BME:BAIN) for €8.7 million on January 31, 2025. A cash consideration valued at €3.48 per share will be paid by Borges International Group, S.L. As of February 17, 2025, Borges Agricultural & Industrial Nuts shareholder approved the transaction. Borges International Group has expressed its intention to exercise its squeeze-out right in the event that, on the settlement date of the offer, for the same consideration of the offer, €3.48 per share. As of March 13, 2025, the CNMV has approved the transaction. The Board of the National Securities Market Commission (CNMV) today authorized the public delisting offer for Borges Agricultural & Industrial Nuts. The takeover bid is aimed at 100% of the share capital of Borges Agricultural & Industrial Nuts, consisting of 23,140,460 shares, admitted to trading on the Madrid and Barcelona Stock Exchanges, and representing 89.22% of the share capital that have been immobilized by the offeror and the affected company itself. Therefore, the offer effectively extends to the acquisition of 2,495,655 shares of Borges Agricultural & Industrial Nuts, representing 10.78% of its share capital. The acceptance period for the offer will be 15 calendar days from the trading day following the publication of the first announcement containing the essential details of the offer, also ending on a trading day. As of May 5, 2025, The deadline to participate in the Takeover Bid (OPA) for the exclusion of shares of Borges Agricultural & Industrial Nuts (Bain), presented by Borges International Group (BIG), begins on May 5, 2025 and will end on May 19, 2025. As per the announcement dated May 15, 2025 the transaction is expected to close on June 3, 2025. Borges International Group, S.L. completed acquisition of remaining 10.78% stake in Borges Agricultural & Industrial Nuts, S.A. (BME:BAIN) on June 10, 2025. Settlement of the offer is expected to take place on June 12, 2025

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