Press Release Picanol Group

The Picanol Group (Euronext: PIC) announced today that it has acquired, through its subsidiary Verbrugge nv, a block of 1 million shares in Tessenderlo Chemie nv on Wednesday 26 October 2016, at a price of 28.92 euros per share. As a result of the transaction, Verbrugge nv and Symphony Mills nv (both controlled by Luc Tack) are now holding 39.63% of the share capital of Tessenderlo Chemie nv or the equivalent of 17,046,761 shares.

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