Greenyard goes private after Garden S.à r.l. completes acquisition

Sint-Katelijne-Waver, Belgium, 5 September 2025 — Greenyard NV and Garden S.à r.l. today announce the results of the acceptance period for the simplified squeeze-out bid[1] that was launched by the Offeror to acquire the remaining shares of Greenyard that the Offeror[2] did not yet hold following the subsequent acceptance period for its public takeover bid in cash.

The acceptance period for the Simplified Squeeze-Out commenced on 14 August 2025 (9:00 a.m. CEST) and closed on 4 September 2025 (4:00 p.m. CEST) (inclusive). During this period, a total of 1,362,295 additional shares of Greenyard were tendered, representing 2.64% of the total outstanding shares.

All shares not tendered by the end of the acceptance period are deemed by operation of law to have been transferred to the Offeror. As a result, the Offeror owns 100% of the shares in Greenyard at completion of the Simplified Squeeze-Out. Payment of the offer price of EUR 7.40 per share for shares tendered during the acceptance period for the Simplified Squeeze-Out will be made today, 5 September 2025. The funds required to pay the offer price for the non-tendered shares have been deposited with the Bank for Official Deposits (Deposito-en Consignatiekas).

Shareholders who did not tender their shares during the acceptance period can obtain payment by contacting the Bank for Official Deposits (Deposito-en Consignatiekas).

On 4 September 2025, at close of trading, all Greenyard shares were automatically delisted from Euronext Brussels. Greenyard will now continue to operate as a privately held global leader in fruit & vegetables.

About Greenyard
Greenyard (Euronext Brussels: GREEN) is a global market leader in fresh, frozen and prepared fruit and vegetables, flowers and 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 make lives healthier by helping people enjoy fruit and vegetables at any moment, easy, fast and pleasurable, while fostering nature. With around 8 600 employees operating in 21 countries worldwide, Greenyard identifies its people, and customer and supplier relationships, as the key assets which enable it to deliver goods and services worth around € 5,3 billion per annum.
www.greenyard.group

[1] Squeeze-out pursuant to article 7:82, §1 of the Belgian Companies and Associations Code and Articles 42 and 43 of the Takeover Decree, i.e. following the Offer, the Offeror owning together with Greenyard at least 95% of the shares of Greenyard and acquiring, by acceptance of the Offer, at least 90% of the shares that are the subject of the Offer.
[2] Together with its affiliated persons, being Greenyard itself and which holds 1,596,354 treasury shares (or 3.10% of the issued share capital of Greenyard)