Garden S.a r.l. reaches 95% potential ownership of Greenyard after takeover first round

Sint-Katelijne-Waver, Belgium, 18 July 2025 — Today, Garden S.a r.l. announced that during the initial acceptance period of its voluntary and conditional takeover bid in cash for all shares in Greenyard NV which are not yet held by the Offeror or persons affiliated with the Offeror, 27,728,029 shares in Greenyard were tendered in the Offer (representing 53.82% of the outstanding shares).

As a result, the Offeror will own a total of 47,193,840 shares in Greenyard (corresponding to 91.61% of the outstanding shares) as of the Payment Date (defined below). Consequently, the Offeror, together with the persons affiliated with the Offeror (being Greenyard itself)[1] , will own 48,790,194 shares in Greenyard as of the Payment Date, representing a total of 94.71% of the outstanding shares.

Payment of the offer price of EUR 7.40 per share for the tendered shares will be made no later than 4 August 2025.

Shareholders who have not yet accepted the Offer will have the opportunity to tender their shares in the Offer during a subsequent acceptance period which will run from 24 July 2025 (at 9:00 a.m. CEST) until 13 August 2025 (at 4:00 p.m. CEST) (inclusive).

Shareholders can tender their shares to the Offer by following the instructions in the prospectus.

For more information on the Offer and the results of the initial acceptance period, reference is made to the press release of the Offeror (which can be found on the following website: https://www.greenyard.group/investor-relations/takeover-bid-overnamebod

This website also contains additional information on the Offer, such as, for example, the prospectus and the response memorandum.

About Greenyard
Greenyard (Euronext Brussels: GREEN) is a global market leader in fresh, frozen, and prepared fruit & vegetables, flowers & plants. Counting Europe’s leading retailers amongst its customer base, Greenyard offers efficient and sustainable solutions to customers and suppliers through best-in-class products, market leading innovation, operational excellence and outstanding service. Its vision is to help people live healthier by helping people enjoy fruit and vegetables at any moment, in an easy, fast and enjoyable way, with respect for nature.

[1] As of the Payment Date, following the exercise of 260,000 stock options since 20 June 2025 (i.e., the date of the announcement of the launch of the Offer) and the cashless exercise via offeror settlement of 422,500 stock options, Greenyard holds 1,596,354 treasury shares (or 3.10% of the issued share capital of Greenyard).

Greenyard contact
Cedric Pauwels
Group Marketing, Communications & Public Affairs Director
T + 32 15 32 42 00
cedric.pauwels@greenyard.group