BNP Paribas and Goldman Sachs Bank Europe, acting on behalf of Upbeat Bidco, have filed with the AMF a proposed simplified tender offer (OPAS) for Believe shares, as announced on February 12.

The offeror, which currently holds 69,835.174 Believe shares, representing 71.88% of the share capital and at least 71% of the voting rights of the digital music specialist, has irrevocably undertaken to acquire the remaining Believe shares, at a unit price of 15 euros.

This public offer is mandatory due to the crossing of the 30% thresholds as a result of the following transactions. The offeror does not intend to request a squeeze-out of the shares following the offer.

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