Exhibit (a)(1)(D)
Offer to Purchase
Any and all of the Ordinary Shares
of
MARIADB PLC
AT
US$0.55 PER SHARE
BY
MERIDIAN BIDCO LLC
THE OFFER AND RELATED WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON 10 JULY 2024, UNLESS THE OFFER PERIOD IS EXTENDED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATION DATE”).
May 24, 2024
To Our Clients:
Enclosed for your consideration are the Offer Document, dated as of the date hereof (the “Offer Document”), and the related Letter of Transmittal (the “Letter of Transmittal” and which, together with the Offer Document, each as may be amended or supplemented from time to time, constitute the “Offer”) in connection with the offer by Meridian BidCo LLC (“Bidco”), a limited liability company formed in Delaware and an affiliate of K1 Investment Management, LLC (“K1”), as general partner of K5 Capital Advisors, L.P., as general partner of K5 Private Investors, L.P., to purchase any and all of the ordinary shares, par value $0.01 per share, of MariaDB plc (the “MariaDB Shares” and “MariaDB,” respectively), at a price of US$0.55 per Share, to the seller in cash, less any required withholding taxes and without interest (the “Cash Offer”), or in lieu of the Cash Offer to which they are otherwise entitled, eligible holders of MariaDB Shares may receive, in respect of all (but not some) of their MariaDB Shares, one unlisted, unregistered non-voting Class B unit of Meridian TopCo LLC (“Topco”), a limited liability company formed in Delaware (each, a “Topco Rollover Unit”) for each MariaDB Share (the “Unlisted Unit Alternative”), upon the terms of, and subject to the conditions to, the Offer Document. The description of the offer in this letter is only a summary and is qualified by all the terms of, and conditions to, the offer set forth in the Offer Document and Letter of Transmittal. Capitalized terms used herein but not otherwise defined herein have the definitions ascribed thereto in the Offer Document.
The Offer is being made in furtherance of that certain announcement by Bidco of a firm intention to make the Offer dated 24 April 2024 pursuant to Rule 2.7 of the Irish Takeover Rules. The Offer is being made in accordance with the requirements of the Irish Takeover Rules and pursuant to the US Exchange Act. The Offer Document, the Acceptance Documents and any other documents relating to the Offer have been or will be prepared in accordance with the Irish Takeover Rules and Irish disclosure requirements, format and style, all of which may differ from those in the United States.
We or our nominees are the holder of record of MariaDB Shares held for your account. As such, we are the only ones who can tender your MariaDB Shares, and then only pursuant to your instructions. WE ARE SENDING YOU THE LETTER OF TRANSMITTAL FOR YOUR INFORMATION ONLY; YOU CANNOT USE IT TO TENDER SHARES WE HOLD FOR YOUR ACCOUNT.
We request instructions as to whether you wish us to tender any or all of the MariaDB Shares held by us for your account, upon the terms and subject to the conditions set forth in the enclosed Offer to Purchase and the Letter of Transmittal.
Please note carefully the following:
1. | You may tender your MariaDB Shares at US$0.55 per MariaDB Share, as indicated in the attached Instruction Form, for cash, less applicable withholding taxes and without interest. |
2. | The Offer is being made for all outstanding MariaDB Shares. |
3. | Eligible MariaDB Shareholders that wish to receive the Unlisted Unit Alternative will be required to (i) provide a completed Response Letter to the Investor Questionnaire as further described in Part 3 of Appendix 1 of the Offer Document and (ii) following receipt of the Offering Memorandum (if applicable), |