Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 101

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 101
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 fair value of the dissenting shares, plus interest, if any, within 30 days after the date the surviving entity mails the payment, and must demand payment of the difference between the dissenting shareholder’s own estimate and the surviving entity’s payment. If such dissenting shareholder fails to give written notice of such estimate to the surviving entity or fails to demand payment of the difference, within the 30-day time period, such dissenting shareholder is entitled only to the amount of the surviving entity’s payment.

The surviving entity may withhold such payment with respect to dissenting shares for which a dissenting shareholder demanding payment (or persons on whose behalf such dissenting shareholder acts) was not the beneficial owner as of the first public announcement date of the merger agreement, which is November 25, 2024. As to each such dissenting shareholder who has validly demanded payment, following the effective time of the merger or the receipt of demand, whichever is later, the surviving entity must mail its estimate of the fair value of such dissenting shareholder’s dissenting shares and a statement of the reason for withholding the payment, and offer to pay this amount, plus interest, if any, to the dissenting shareholder upon receipt of such dissenting shareholder’s agreement to accept this amount in full satisfaction. The dissenting shareholder may decline the surviving entity’s offer and give written notice to the surviving entity of such dissenting shareholder’s own estimate of the fair value of the dissenting shares, plus interest, if any, and demand payment of this amount. This demand must be mailed to the surviving entity within 30 days after the mailing of the surviving entity’s offer. If the dissenting shareholder fails to make this demand within the 30-day time period, such dissenting shareholder is entitled only to the amount the surviving entity offered.

If the surviving entity receives a demand from a dissenting shareholder (including a dissenting shareholder who held shares of Bremer common stock on November 25, 2024, and a dissenting shareholder who purchased shares of Bremer common stock after that date who has complied with the applicable demand requirements) for a supplemental payment, the surviving entity must, within 60 days after receiving the demand, either pay to the dissenting shareholder the amount demanded or agreed to by the dissenting shareholder after discussion with the surviving entity or file in court a petition requesting that the court determine the statutory fair value of the dissenting shares, plus interest, if any. The petition must be filed in the county in which Bremer’s registered office is located,