| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement issued by United Mining Industries Company (the "Company") published on the Saudi Stock Exchange (Tadawul) website on 26/11/1447H (corresponding to 13/05/2026G) on behalf of Knauf International GmbH ("Knauf") regarding its receipt of a notification from Knauf International GmbH of the completion of the Private Transaction, it is noted that the terms, conditions, and procedures of the tender offer that Knauf is planning to submit to acquire up to 100% of the remaining shares of the Company as soon as possible following the closing of the Private Transaction (the "Tender Offer") are still under discussion and will be announced at a later stage in the event that a Tender Offer is decided, where Knauf will announce its firm intention announcement regarding its intention to proceed with the Tender Offer and subsequently publish the offer document, both of which will detail all aspects of the Tender Offer and its implications on the Company and its shareholders, and the Company's board of directors will also publish a circular to shareholders containing information regarding the takeover bid and the board's views on the matter. The information to be disclosed in the aforementioned documents will include information regarding the Company’s listing status following completion of the Tender Offer. Knauf's current intention is to seek delisting after the completion of the Tender Offer, subject to obtaining all relevant regulatory approvals in relation to the delisting. Any announcements, information, and developments related to the Tender Offer will be published in accordance with the applicable regulations. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-05-13 Corresponding to 1447-11-26 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Announcing that the terms, conditions, and procedures of the Tender Offer are still under discussion and will be announced at a later stage. In the event that a Tender Offer is decided, where Knauf will announce its firm intention announcement regarding its intention to proceed with the Tender Offer and subsequently publish the offer document, both of which will detail all aspects of the Tender Offer and its implications on the Company and its shareholders, and the Company's board of directors will also publish a circular to shareholders containing information regarding the takeover bid and the board's views on the matter. The information to be disclosed in the aforementioned documents will include information regarding the Company’s listing status following completion of the Tender Offer. Knauf's current intention is to seek delisting after the completion of the Tender Offer, subject to obtaining all relevant regulatory approvals in relation to the delisting. Any announcements, information, and developments related to the Tender Offer will be published in accordance with the applicable regulations. |
| Financial Impact on the change | None |
| Additional Information | None |
Addendum announcement from the United Mining Industries Company regarding the notification it has received from Knauf International GmbH that the Private Transaction was completed
AI Summary
- United Mining Industries Company announced that the terms, conditions, and procedures for Knauf International GmbH’s potential tender offer to acquire up to 100% of the company's remaining shares are still under discussion.
- Knauf intends to seek a delisting of the company from the Saudi Exchange following the completion of the tender offer, subject to obtaining necessary regulatory approvals.
- If the tender offer proceeds, Knauf will issue a firm intention announcement and offer document, while the company’s board of directors will publish a circular containing its views and information for shareholders.
