Dear Sir or Madam:
With reference to the notification sent on 28 May 2024 by the management bodies of HaciendasBio, S.A. and Hacienda La Albuera, S.L.U., by which they informed you of the desire of both companies to formalise their merger by integrating Hacienda La Albuera, S.L.U. into HaciendasBio, S.A., as well as the commencement of the legal and statutory procedures required for this purpose. In compliance with the applicable regulations in force, on the same date and along with the corresponding formal notification, the management bodies of HaciendasBio, S.A. and Hacienda La Albuera, S.L.U. provided their employees with all the documentation required for the purpose of safeguarding the rights legally attributed to them.
In connection with the said merger transaction, we hereby inform you that, as of this date, the management bodies of the companies participating in the merger have considered, in the best interests of the participating companies, to cancel and not to continue with the merger process which would presumably be concluded by the end of June 2024, postponing for the time being its execution, if applicable, to a later stage. Please note that the decision taken does not imply that the formalisation of this merger can be ruled out in the future, of which we will in any case keep you duly and promptly informed.
As a consequence of this decision, we hereby inform you that the information and documentation provided to you on 28 May 2024, particularly with regard to the effects of the planned merger on employment, is no longer valid. Consequently, we hereby inform you that all employees of the companies involved in the merger will continue to provide their services to the company to which they have been providing them until now, without any transfer of employees from Hacienda La Albuera, S.L.U. to HaciendasBio, S.A. or any modification of their working conditions being foreseen. Finally, please note that the content of this communication does not extend nor is it applicable to the rest of the processes and structural modifications that the companies involved have initiated or may initiate in the future. We remain at your disposal to provide you with any additional information or documentation you may consider appropriate in relation to the content of this notification.
Yours sincerely,
HaciendasBio, S.A. and Hacienda La Albuera, S.L.U.
Copy of the signed notification.