Oriflame applies for delisting

On 26 June 2019, Walnut Bidco Plc announced that all conditions for completion of its public offer to the shareholders of Oriflame had been satisfied and that the offer was declared unconditional at a Walnut Bidco ownership level of 91.33 per cent. Walnut Bidco further announced that it will initiate compulsory redemption proceedings through a squeeze-out merger against cash consideration under the Swiss Merger Act to acquire all remaining shares in Oriflame as well as promote a delisting of Oriflame’s shares from Nasdaq Stockholm. To provide remaining shareholders of Oriflame a possibility to accept the offer, the acceptance period will be open beyond the end of the initial acceptance period, until 8 July 2019.

In light of the above and at the request of Walnut Bidco, the Board of Directors of Oriflame has resolved to apply for delisting of Oriflame’s shares from Nasdaq Stockholm. The last day of trading in Oriflame’s shares on Nasdaq Stockholm will be announced as soon as Oriflame has received confirmation of such date from Nasdaq Stockholm.

Measures to carry out the above-mentioned merger have been initiated and an extraordinary shareholders’ meeting will be convened in due course to pass necessary resolutions.

For further information, please contact
Nathalie Redmo, Sr. Manager Investor Relations   +41 799 220 173

Founded in 1967, Oriflame is a beauty company selling direct in more than 60 countries. Its wide portfolio of Swedish, nature-inspired, innovative beauty products is marketed through approximately 3 million independent Oriflame Consultants, generating annual sales of around €1.3 billion. Respect for people and nature underlies Oriflame’s operating principles and is reflected in its social and environmental policies. Oriflame supports numerous charities worldwide and is a Co-founder of the World Childhood Foundation. Oriflame is a Swiss company group listed on the Nasdaq Stockholm Exchange. For more information about Oriflame, please visit www.oriflame.com. 

About Us

Founded in 1967, Oriflame is a beauty company selling direct in more than 60 countries. Its wide portfolio of Swedish, nature-inspired, innovative beauty products is marketed through approximately 3 million independent Oriflame Consultants, generating annual sales of around €1.3 billion. Respect for people and nature underlies Oriflame’s operating principles and is reflected in its social and environmental policies. Oriflame supports numerous charities worldwide and is a Co-founder of the World Childhood Foundation. Oriflame is a Swiss company group listed on the Nasdaq Stockholm Exchange.

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