Nicolas Saverys’ offer to take Brussels-listed Exmar private has failed to clear a key 95% shareholder acceptance hurdle, but the Belgian businessman is sticking to his guns, offering holdouts a second window of opportunity to consent.

Saverys vehicle Saverex earlier this year launched an offer of €12.1 per share and €2.48 per share option to buy the 51% in the gas shipowner and infrastructure player his family does not already own.