Gramo takeover bid for Deceuninck draws 1,863,092 shares in initial acceptance period, raising stake to 31.86%

• Gramo reported 1,863,092 Deceuninck shares tendered in the initial acceptance period ended July 30, equal to 1.33% of shares outstanding.
• Post-settlement, Gramo and affiliates are set to hold 44,472,022 shares, or 31.86% of Deceuninck’s outstanding shares.
• The offer price was EUR 2.11 per share, with payment due no later than Aug. 20.

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