Amsterdam – Qahwa World
JDE Peet’s N.V. announced the transfer of shares under its employee incentive programs in accordance with Dutch takeover regulations, as part of ongoing disclosure obligations linked to the recommended public offer by Keurig Dr Pepper Inc. for all issued and outstanding shares in the company.
According to the statement issued under section 5, paragraph 4 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft), JDE Peet’s transferred a total of 265,951 shares to four participants in its incentive plan for no consideration, and an additional 47,262 shares to one participant as part of the settlement of 277,777 options exercised at a price of € 20.94 per share.
Following the transfers, the total issued share capital of JDE Peet’s remains unchanged at 488,178,642 shares, of which 3,228,542 shares are held as treasury stock. The nominal value of each share is € 0.01.
The company clarified that JDE Peet’s does not hold any shares in Keurig Dr Pepper, and it is not aware of the Offeror holding any shares in JDE Peet’s.
The announcement forms part of mandatory transparency requirements as the company proceeds through the formal offer process, which will ultimately be subject to approval by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten).
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